This file photo shows the Sindh High Court. Wikimedia Commons/File
KARACHI: The Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP) on Tuesday informed the Sindh High Court that a petition filed against framing of regulations was not maintainable as they were not liable to invite public comments about criteria.
They further contended that all regulations of PSX were statutory in nature and were framed under Securities Act, 2015 and amended from time to time and binding on the petitioner and all listed companies.
The Pakistan Stock Brokers Association through its lawyer had moved the SHC against the PSX and the SECP and challenged a portion [4(i)] of futures eligibility criteria for selection of securities eligible for trading, which said the securities of companies not complying with following conditions to be ineligible: “No investigation/inquiry has been concluded against the company with adverse findings of mismanagement or the compan
KSE-100 index closes flat despite late recovery Volume at KSE-100 slightly rose from 128 million shares recorded in the previous session to 156 million shares
July 30, 2021
Stocks staged a sharp recovery at Pakistan Stock Exchange (PSX), paring almost all of the intraday losses by the closing bell on Thursday as investors reacted to series of positive news flow during the day. However, the index still closed in red, posting a loss of five points and clocked at 47,312 level.
On Thursday the index opened on a negative note where it lost 363 points on the concerns that the government is mulling over strict measures including imposing a lockdown as Covid positivity ratio has reached 30pc in the business hub of the country – Karachi.
KSE-100: Unfazed by positive triggers, index slumps by 368 points
July 29, 2021
Bears continued to haunt investors at Pakistan Stock Exchange (PSX) as diminishing volumes and selling pressure placed the benchmark KSE-100 under pressure as it posted a 368-point loss by the closing bell and clocked at 47,318 level.
The Index traded in a range of 630.48 points or 1.32 percent of the previous close, showing an intraday high of 47,874.69 and a low of 47,244.21.
On Wednesday, trading kicked off on an optimistic note but witnessed volatility, as intraday correction and discounted share prices attracted selective buying. However, it observed profit-taking during the session amid rising COVID cases.
KARACHI: Stocks tumbled on Wednesday after the latest figures of the death toll of surging fourth wave of pandemic frightened investors who dumped the stocks mainly in the second half. The KSE-100 index sank 369 points, or 0.77 per cent, to close at 47,318.
Market capitalisation saw erosion of Rs56 billion in a day.
Stocks started off on a positive note as traders were encouraged by the SBP decision to leave the policy rate unchanged at 7pc to support economic growth. The IMF also revised GDP growth projection for Pakistan upwards to 3.9pc for FY21. The index thus climbed to intraday high by 188 points, before fear gripped investors who started to liquidate positions in the rollover week.
Market watch: Soaring Covid tally sparks volatility at bourse tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.