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Stocks barely changed on regional uncertainty - Vimarsana News

Stocks barely changed on regional uncertainty

Stocks barely changed on regional uncertainty July 14, 2021 Stocks on Tuesday were flattened by new virus jitters and Afghan power transition uncertainty despite upbeat remittance data, traders said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Shares Index finished with a gain of 33.42 points or 0.07 percent to close at 47,480.50 points, hitting a session high and a low of 47,585.18 points and 47,439.89 points respectively. Analyst Ahsan Mehanti at Arif Habib Corp said stocks showed recovery led by selected scrips across the board in late session institutional support on speculation...

Stocks retreat on new virus variant frets - Vimarsana News

Stocks retreat on new virus variant frets

Stocks retreat on new virus variant frets July 13, 2021 Stocks on Monday remained in retreat amid noise over surge of a new Covid variant and regional unrest ahead of long Eid holidays next week, traders said. Pakistan Stock Exchange's (PSX) benchmark KSE 100-share Index gave up 116.37 points or 0.24 percent to close at 47,447.08 points, hitting a day high and a low of 47,715.28 points and 47,408.52 points, respectively. Zafar Moti, former director PSX, said the market had slowed down and volumes were shrinking. “People are downsizing themselves because of the Sacrificial Eid. Afghanistan...

Stocks slip on inflation, geopolitical scares - Vimarsana News

Stocks slip on inflation, geopolitical scares

Stocks slip on inflation, geopolitical scares July 6, 2021 Stocks on Monday ended lower amid inflation alarms and regional geopolitical concerns, traders said. The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Share Index lost 257.06 points or 0.54 percent to close at 47,429.12 points against 47,686.18 points recorded in the last session. The index tested a day high of 47,742.23 points and a low of 47,357.68 points. Ahsan Mehanti, analyst at Arif Habib Corp, said stocks fell sharply on concerns over dismal data on CPI (consumer price indicators) inflation at 9.7 percent year-on-year in ...

Stocks beaten by institutional profit-booking - Vimarsana News

Stocks beaten by institutional profit-booking

July 3, 2021 Stocks on Friday backtracked on earlier gains to close lower as institutions booked profits amid worries over inflation and trade deficit numbers, traders said. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Share Index closed at 47,356.02 points after losing 114.39 points or 0.24 percent. The index hit a high of 47,686.18 points and a low of 47,800.57 points during the session. Zafar Moti, former director PSX, said investors took their positions and booked profits on the last day of the week while majority of them was cautious on Hascol going on default counter. Previo...

Stocks jump on upbeat June exports - Vimarsana News

Stocks jump on upbeat June exports

Stocks jump on upbeat June exports July 2, 2021 Stocks on Thursday rallied after upbeat June exports drew investors into cyclical, banks, and technology shares, amid strong inflows, traders said. Pakistan Stock Exchange's (PSX) benchmark KSE-100 Share Index gained 444.55 points or 0.94 percent to close at 47,800.57 hitting a day high of 47,843.47 points and a low of 47,356.02 points. Muhammad Arbash, analyst at Topline Securities, said bulls dominated the index on the first day of FY22. The market opened on a positive note and maintained momentum throughout the day mostly banking on the Pri...