KSE-100 stage sharp recovery amid buying spell by Mutual Funds; index up 976 points
Stocks stage sharp recovery at Pakistan Stock Exchange (PSX), amid heavy buying spree by Mutual Funds.
On Monday , the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,952.45 level after gaining 1,245.69 points. However, paring some early gains the index clocked at 45,682.77 index level by the closing bell after posting a 976.01 points gain.
During the session the strong earnings announcements propelled bullish sentiments as many scrips became active namely in the Banking, Oil, Fertilizer and Cement sector.
The government’s allocation of six exploration blocks to Oil & Gas exploration companies also resulted in strong investment inflows towards the sectors, specifically Oil & Gas Development Company Limited and Pakistan Petroleum Limited
2021-02-18 14:35:54 GMT2021-02-18 22:35:54(Beijing Time) Xinhua English
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ISLAMABAD, Feb. 18 (Xinhua) The Pakistan Stock Exchange (PSX) recorded bearish trading activities on Thursday with key index shedding over 600 points on back of technical selling.
The PSX s benchmark KSE 100-Index dipped by 1.34 percent or 625.40 points to close at 46,142.74 points on Thursday when compared with 46,768.14 points reported on Wednesday.
Selling pressure was seen in banks, cement and exploration and production sectors.
According to PSX experts, there was uncertainty among investors ahead of revival of the International Monetary Fund program and announcement of financial results in some major sectors, which contributed to the downward trend at the bourse.
PSX loses 588 points to close at 46,055 points
Published On 11 February,2021 08:46 pm
A total 1,124,821,205 shares were traded as compared to trade of 1,011,910,450 shares previous day
ISLAMABAD (Dunya News) – The KSE-100 index of the pakistan stock exchange (psx) Thursday witnessed bearish trend, losing 588.77 points, with negative change of 1.26 percent, closing at 46,055.52 points against 46,644.29 points on the last working day.
A total 1,124,821,205 shares were traded during the day compared to the trade of 1,011,910,450 shares the previous day whereas the price of shares stood at Rs35.598 billion against Rs27.298 billion previous day.
As many as 415 companies transacted shares in the stock market, 92 of them recorded gain and 313 sustained losses whereas the share price of 10 companies remained unchanged.
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Stocks on Wednesday extended gains to make it to a near 33-month high in copious trade, mainly betting on rich corporate results and hopes of big industry revival following upbeat manufacturing data, dealers said.
Benchmark KSE-100 shares index ended 0.37 percent or 169.92 points higher to close at 46,091.96 points at Pakistan Stock Exchange (PSX).
Volumes increased to 845.282 million shares from 825.893 million on Tuesday. KSE-30 shares index was up 0.39 percent or 74.02 points to end at 19,286.15 points.
Muhammad Saeed Khalid, head of research at Shajar Capital, said the market remained robust and performed well above the 46,000 points, marking an intraday high of 393 points, mainly on the expected approval of Textile Policy FY25 the ECC.