Pakistan Stock Exchange (PSX) witnessed another bullish session today with the benchmark index, KSE-100 gaining 294 points or 0.62% to breach the level of
Kse-100 index cross 47,000 level for first time in nearly 4 years dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks flatlined on Thursday owing to late profit-taking amid rollover phenomenon with trade ballooning to yet another record of over two billion shares as Worldcall Telecom continued to shine for.
Losses linger for stocks as caution sets in
Business
May 21, 2021
Stocks quit more gains on Thursday as political misgivings continued to tweak with the sentiment with caution setting in ahead of rollover week, dealers said.
Pakistan Stock Exchange s (PSX) benchmark KSE-100 Share Index lost 108.04 points or 0.24 percent to close at 45,574.07 points.
However, turnover increased by 206 million shares to 784.03 million from 578.30 million on Wednesday, while trading value ticked up to Rs20.82 billion against Rs20.79 billion.
Topline Securities in its daily market review said after slight positive opening, the market traded in range as investors were wary of upcoming rollover week.
Banks were the major laggards in todayâs trading session where HBL, HMB, MCB and UBL dented the index by 96 points cumulatively further E&P (oil and gas exploration and production)
KARACHI: The two-day rally at the stock market came to a halt on Wednesday when the KSE-100 index succumbed to selling pressure, showing a loss of 300 points, or 0.65 per cent, to close at 45,682.
Besides the fact that the 46,000 level has forever proved to be a strong resistance, the investors were spooked by the political events that created a degree of uncertainty.
“Rifts between the senior members of the ruling party put the market in a bearish frame of mind,” traders said. Apart from that, the fear of an increase in Covid cases remained a key concern for the investors which overshadowed news relating to a possible market-friendly budget.