KSE-100: Stocks stage sharp recovery; index up 487 points
May 5, 2021
PSX-continues-bullish-trend-gains-827-points-e1576187826235Stocks at Pakistan Stock Exchange (PSX) staged sharp recovery on Tuesday, as selling pressure finally ended, owing to positive economic indicators.
On Tuesday, the benchmark KSE-100 opened on a positive note and touched intra-day low at 44,620.41 level after gaining over 540 points. However, the index clocked at 44,563.59 level by the closing bell after posting a 487 points gain.
During the session, investor sentiments were primarily buoyed by a 57%YoY improvement in local oil sales to 1.67 MTs in the month of April which shows an uptick in overall economic activity despite virus spread.
Kse-100: Stocks battered over fears of additional Covid restrictions; index lost 600 points
May 1, 2021
Stocks at Pakistan Stock exchange were hammered on the last trading day of the week as index continued to lose ground to selling pressure over rising political uncertainty, while rising covid-19 cases in the country have also stoked fears of complete lockdown- denting market sentiments.
On Friday, the benchmark kse-100 opened on a positive note and touched intra-day high at 45,056.90 level after gaining 193 points, but reversing its trajectory the index lost 711.42 and touched intra-day low at 44,151.69 level. However, the index clocked at 44,262.35 level by the closing bell after posting a 600.75 points loss.
KSE-100: Depleting volumes, Covid lockdown fears weigh down index by another 196 points dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
KSE-100: Covid lockdown fears, roll-over week keeps sentiments in check; index loses 233 points Equities Correspondent
Stocks continue to lose ground at Pakistan Stock Exchange (PSX) as rising covid-19 cases in the country have stoked fears of complete lockdown.
On Wednesday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,588.94 level, but reversing its trajectory the index also touched intra-day low at 45,020.83 level. However, the index clocked at 45,059.12 level by the closing bell after posting a 233.75 points loss
During the session the investors booked profit owing to the recent surge in the stock price as a result of strong earnings season. Moreover, investors also offloaded equities, earlier bought at attractive rates owing to roll-over week.
KSE-100: Covid lockdown fears, roll-over week keeps sentiments in check; index loses 233 points dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.