KSE-100 index fails to break bearish spell; declines 257 points Foreign investors were net sellers of $6.48 million
July 6, 2021
Stocks extended bearish sentiments from the previous week at KSE-100 on Monday as investors treaded cautiously amid escalating tensions in the neighbouring Afghanistan and resurging Covid -19 in te country. The index posted a 257 points loss by the closing bell to clock at 47,429 level.
On Monday, the trading activity resumed on a negative note, as the Index traded in a range of 366.55 points or 0.77 percent of previous close, showing an intraday high of 47,742.23 and a low of 47,375.68.
Market sentiments were dampened as rising regional instability threatens to be inimical for Pakistan’s security and economic fabric. Sudden withdrawal of US forces from Afghanistan in absence of strategic pull-out raises security concerns for bordering nations as well higher risk of refugee exodus.
KARACHI: The number of companies that distribute dividends to shareholders dropped from 256 in FY19 to 217 in FY20 and 180 in FY21 on the Pakistan Stock Exchange, according to a brokerage house report.
The sum paid out to investors in dividend amounted to Rs357bn, Rs308bn and Rs381bb (on an ex-date basis) for the above three years, says a report issued by Optimus Capital Management.
The financial results for the last quarter ended Dec 30, 2021 are yet to be unveiled which is likely to raise the dividends for FY21 to a record high.
In terms of dividends paid, FY17 was outstanding with distribution to shareholders amounting to Rs390bn by 243 listed companies, while going by the number of payers, the highest number of 256 companies distributed dividends amounting to Rs357bn in FY19.
Daily Times
July 1, 2021
Pakistan Stock Exchange (PSX) concluded fiscal year 2021 on wednesday, posting a 37 per cent return as compared to a paltry 1.5% in FY20.
The index closed at 47,356 by gaining a mammoth 12,934 points during the fiscal year as against a minor gain of 520 points in FY20. However, on a monthly basis, the index posted a return of 0.5% in June’21.
On Wednesday, however, the trading activity remained cautious in a range bound session as balancing of portfolio positions by institutional investors continued on the last day of the fiscal year 21.
The trading kicked off on an upbeat note right after the opening bell, however, the earlier gains were pared briefly in the afternoon before strong investor sentiment triggered cherry-picking, which continued for the rest of the day, helping the market post moderate gains.
KSE-100 index jumps 135 points despite Year-end sale by Insurance companies
June 30, 2021
Pakistan Stock Exchange (PSX) witnessed a topsy-turvy trading session on Tuesday,as heavy selling pressure by Insurance Companies shadowed budget-approval optimism at the market.
On Tuesday, the index began the session on a positive note right after the opening bell and crossed the 47,500-point mark briefly after gaining over 500 points. However, failing to sustain the momentum, the index reversed its trajectory and pared earlier gains to touch intra-day low of 46,986.47 level.
The Index traded in a range of 522.35 points or 1.11 percent of previous close before settling at 47,137.77 level, posting at 135 points gain.
KSE-100: Roll-over week spoiler, Budget uncertainty weighs on index 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.