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Stocks unchanged as tough virus curbs mulled


Stocks unchanged as tough virus curbs mulled
July 30, 2021
Stocks bit the dust in early trade on Thursday, but fought back to end almost unchanged as tough Covid curbs are being mulled, traders said.
Pakistan Stock Exchange s (PSX) benchmark KSE-100 Share Index lost 5.70 points or 0.01 percent to close at 47,312.33 points, testing a day high of 47,374.57 points and a low of 46,955.09 points.
Ahsan Mehanti, analyst at Arif Habib Corp, said stocks closed lower on investor concerns over the economic impact of the fresh Covid surge and frail global equities.
Mid Session support came from surging global crude oil prices, strong financial results in the fertiliser sector and robust earnings outlook for auto, oil, and cement sectors, he said. Rupee instability and worries over surging trade deficit muted the trade, Mehanti said. ....

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