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Stocks soar higher on stability bets Business March 16, 2021 Stocks on Monday matched the Friday’s stride as the rally set off by government’s Senate recovery endures, dealers said. KSE-100 shares index gained 2.23 percent or 978.51 points to close at 44,766.59 points. On a day-on-day basis total traded volume rose 2.9 percent to 455.35 million shares, while value grew 1.6 percent to Rs21.95. Topline Securities in a note said clarity over senate chairmanship buoyed sentiment, while investors shrugged off concerns of a higher inflation and political noise arising from Long March an...

Market watch: Stocks bounce back, partially recoup losses Benchmark KSE-100 index rises 558.81 points to settle at 45,837.35 PHOTO: ONLINE KARACHI: The stock market bounced back on Friday and recouped more than half of the huge loss of nearly 900 points that the benchmark index suffered in the previous trading session. During the day, the Sensitive Price Indicator (SPI) for the week ended March 4, 2021 was released, which recorded an increase of 15% year-on-year, generating investor interest in bank stocks. Meanwhile, the international crude oil prices jumped more than 2%, hitting their high...

The unsettling matter on the investors’ mind was the upcoming FATF review scheduled to begin from Monday.

Earnings to drive stocks in bumpy trade Business February 21, 2021 Stocks are expected to rise from the ashes of last week’s burnout as investors are seen placing faith in corporations to declare openhanded earnings in the coming days, dealers said. The benchmark KSE-100 shares index gained 0.91 percent or 419.29 points for the week ended February 19, 2019 to close at 46,227.65 points. KSE-30 shares index gained 0.66 percent or 126.14 points to end the week at 19,230.64 points. “The index performed mainly on the positivity on the economic and large-scale manufacturing side where we have...

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