Fear of fourth Covid wave rattles market
Stocks battered on back of expectations about quarterly financial results, soaring virus cases
KARACHI:
A turbulent week at the Pakistan Stock Exchange (PSX) finally came to an end as lack of triggers and limited investor interest took toll on the benchmark KSE-100 index, which fell 123 points or 0.3% to close the week at 47,563.45 during the week ended July 9, 2021.
Trading kicked off Monday on a bearish note. Political tensions following a rally of the Pakistan Democratic Movement (PDM) in Swat after several months coupled with soaring inflation and failing efforts of the government to control price hike added to concerns of investors.
Market watch: Stocks close in red in absence of triggers
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Market watch: Economic, political headwinds pull bourse down
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