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Mid-session profit-taking flattens PSX

December 19, 2020 Stocks ended barely changed after getting off to a good start as second-session profit-taking wiped out all the early points, despite firm fundamentals and strong sentiments, dealers said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index lost 0.06 percent or 26.13 points to close at 43,740.56 point. Volumes decreased to 482.628 million shares, as compared to 497.562 million shares in the previous session. KSE-30 also hit a low of 0.14 percent or 25.43 points to end at 18,246.21 points level. Topline Securities in a note said continuing its momentum from the previous day (Thursday), the market opened on a positive note to make an intraday high of 189 points. However, intraday profit taking in second half of the trading session led the index to close on a flat note, the brokerage added.

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