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Stocks further weakened on Wednesday as unabated profit-taking coupled with selling pressure that is typical in the rollover week took a toll on trade, traders said.Country’s benchmark capital...
Stocks edged lower on Thursday as profit-booking remained the order of the day on regional and economic uncertainties with no clear triggers in sight, traders said.The benchmark KSE-100 Share Index...
Stocks leap as data beats lockdown blues August 3, 2021 Stocks spun higher on Monday led by textiles and technology on dollar strength, while upbeat economic data cheered investors out of virus lockdown blues, traders said. Pakistan Stock Exchange's (PSX) benchmark KSE-100 Shares Index gained Rs397.96 or 0.85 percent to close at 47,453.25 points, touching a day high of 47,508.74 points and a low of 47,051.81 points. Ahsan Mehanti, analyst at Arif Habib Corp, said, stocks showed sharp recovery in the earnings season amid late session buying on reports of record $2.35 billion exports in July...
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 surgin...
KSE-100: Unfazed by positive triggers, index slumps by 368 points July 29, 2021 Bears continued to haunt investors at Pakistan Stock Exchange (PSX) as diminishing volumes and selling pressure placed the benchmark KSE-100 under pressure as it posted a 368-point loss by the closing bell and clocked at 47,318 level. The Index traded in a range of 630.48 points or 1.32 percent of the previous close, showing an intraday high of 47,874.69 and a low of 47,244.21. On Wednesday, trading kicked off on an optimistic note but witnessed volatility, as intraday correction and discounted share prices attrac...