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KSE-100: Stocks stage recovery over positive economic indicators
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KSE-100: Stocks stay flat amid absence of triggers
April 14, 2021
Stocks failed to figure out a direction on Tuesday, as absence of triggers and Covid-19 fears continue to weigh on market sentiments.
On Tuesday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,133.41 level after gaining 155.36 points. However, paring earlier gains, the index reversed its trajectory and touched intra-day low at 44,780.06 level after losing 197.99 level.
By the closing bell the benchmark index gained, merely 70.52 points to clock at 45,048.57 level.
During the session the market cheered strong inflows from overseas Pakistani in the form of remittances which exceeded $2 billion for the10th consecutive month in March and clocked at $2.7 billion – up 43 per cent from a year earlier, the State Bank of Pakistan (SBP).
KSE-100: Bears hold sway as Covid-19 fears weigh on sentiments, index lost 208 points
April 13, 2021
Bulls and bears wrestled at Pakistan Stock Exchange (PSX) on Monday, as speculation over Covid-19 weighed on market sentiments.
On Monday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,267.43 level after gaining 80.95 points. However, paring earlier gains, the index reversed to touch intra-day low at 44,757.31 level after losing 428.14 level.
By the closing bell the benchmark index lost 208.43 points to clock at 44,978.05 level. During the session the market cheered strong inflows from overseas Pakistani in the form of remittances which exceeded $2 billion for the10th consecutive month in March and clocked at $2.7 billion – up 43 per cent from a year earlier, the State Bank of Pakistan (SBP).
SBP governor expects Pakistan to achieve 3pc growth in FY21
Business
April 13, 2021
KARACHI: Pakistan will achieve gross domestic product growth of at least 3 percent this fiscal year and above 4 percent in the next fiscal year as the policy measures employed by central bank and government turned the trajectory upward, State Bank of Pakistan (SBP) Governor Reza Baqir said on Monday.
“One year ago, we were facing the first wave of Covid, and now it’s the third wave. The basic difference is that last year the economy was going through a recovery mode and indicators were negative, but now the indicators are positive,” Baqir said, referring to robust growth in large scale manufacturing, higher remittances, and record sales of cement and automobiles.
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