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Business February 12, 2021 KARACHI: Stocks were dragged down by profit-taking in energy and financials on Thursday; however building on Wednesday’s momentum, trading volume hit another historic high of 1.124 billion shares, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 shares index shed 1.26 percent or 588.77 points to close at 46,055.52 points. Volumes increased to 1.124 billion shares from 1.01 billion a day earlier. KSE-30 shares index lost 1.3 percent or 252.3 points to close at 19,222.01 points. Stocks that contributed significantly to the volumes include World Telecom, Tele...

Business

Trading volume at the Pakistan Stock Exchange (PSX) on Wednesday touched a 16-year high as it rose past one billion shares.

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...

Market watch: PSX closes 2020 on positive note Benchmark KSE-100 index rises 60.62 points to settle at 43,755.38 Overall, trading volumes rose to 578.3 million shares compared with Wednesday’s tally of 456 million. PHOTO: REUTERS KARACHI: The final trading session of 2020 was marred by volatile activity as the benchmark KSE-100 index kept climbing and dipping throughout the day. However, optimistic investors aided the index to close the year with a slim gain of 61 points. The uptrend was supported by Prime Minister Imran Khan’s announcement of extension in the fixed tax regime for the co...