Market watch: PSX closes 2020 on positive note
Benchmark KSE-100 index rises 60.62 points to settle at 43,755.38
Overall, trading volumes rose to 578.3 million shares compared with Wednesday’s tally of 456 million. PHOTO: REUTERS
KARACHI:
The final trading session of 2020 was marred by volatile activity as the benchmark KSE-100 index kept climbing and dipping throughout the day. However, optimistic investors aided the index to close the year with a slim gain of 61 points.
The uptrend was supported by Prime Minister Imran Khan’s announcement of extension in the fixed tax regime for the construction sector on Thursday. It triggered a rally in cement and steel sectors and as a result, major stocks of the two sectors closed in the green.
Market watch: KSE-100 experiences roller coaster ride
Benchmark index edges down 15.38 points to settle at 43,250.84
Shares of 418 companies were traded. At the end of the day, 199 stocks closed higher. PHOTO: REUTERS
KARACHI:
Pakistan Stock Exchange experienced a roller coaster ride on Tuesday as the KSE-100 index climbed in early hours and plunged in final hours, closing the session marginally down.
Encouraging data of large-scale manufacturing, which depicted growth of 5.46% for July-October 2020, failed to entice market participants to maintain the uptrend till the end of the session.
Earlier, trading kicked off on a positive note and a rally in initial hours helped the KSE-100 index gain close to 400 points. In final hours, however, profit-booking emerged as investors offloaded stocks at a rapid pace, which pulled the market down and wiped out all the gains.
Market watch: KSE-100 gains 102 points in range bound session
Benchmark index advances 0.24% to settle at 42,305.84
Shares of 400 companies were traded. At the end of the day, 194 stocks closed higher. PHOTO: REUTERS
KARACHI:
Bulls held control of the stock market on Thursday and the KSE-100 index climbed 102 points amid cautious trading.
Political and regional instability failed to break the rising momentum of the index. On the domestic front, opposition parties had threatened to resign from the national and provincial assemblies, which was anticipated to impact trading during the session.
An overall lack of positive triggers, however, restrained the index from posting handsome gains and resulted in range-bound trading.