Stocks dip on Moody’s dismal outlook Business January 15, 2021 Stocks on Thursday slipped in an overbought market as bet-hedging investors chose not to take any chances after a Moody’s report raised concerns over economy, dealers said. Benchmark KSE-100 shares index lost 0.22 percent or 102.61 points to close at 45,989.35 points at Pakistan Stock Exchange (PSX). Volumes decreased to 620.746 million shares, from 845.282 million Wednesday. KSE-30 dipped 0.56 percent or 108.47 points to end at 19,177.68 points level. Muhammad Saeed Khalid, research head at brokerage Shajar Capital, said the stock market remained sluggish mainly because of Moody's dim economic recovery outlook along with the expected decline in banking profitability.