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Stocks on Friday ended just shy of the green owing to unabated profit-taking in overbought shares, while tumbling crude oil also took a toll on energy amid power tariff hike noise, dealers...
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 th...
Market watch: Bearish trend continues at PSX Benchmark KSE-100 index drops 58.35 points to settle at 45,931 Shares of 412 companies were traded. At the end of the day, 169 stocks closed higher. PHOTO: FILE KARACHI: The stock market continued its downward march for a second day on Friday owing to weak cues coupled with global economic headwinds. Weakening oil prices in the international market fuelled the bearish momentum at the Pakistan Stock Exchange (PSX). Oil prices fell as concerns about Chinese cities in lockdown due to virus outbreaks tempered a rally. Stocks remained under pressure th...
Market watch: KSE-100 loses ground, falls below 46,000 Benchmark index drops 103 points to settle at 45,989.35 Shares of 405 companies were traded. At the end of the day, 187 stocks closed higher. PHOTO: FILE KARACHI: A day after breaching the 46,000-point barrier, the bourse turned bearish on Thursday and the KSE-100 index shed 103 points as Moody’s report on Pakistan’s economy played on investors’ mind and they resorted to profit-booking. Moody’s Investors Service on Wednesday projected that Pakistan’s economy would grow at a slow pace of 1.5% during the ongoing fiscal year, whic...
Benchmark KSE-100 index advances 169.92 points to settle at 46,091.96