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KARACHI: Last Friday’s repeat performance on Monday saw the KSE-100 index again shoot through the roof with...

The small unsuspecting investor who ventured into the market to make a fortune lost all their savings and departed beaten and bruised. — AFP/File Keeping aside last Friday’s relief rally, the first four days of the trading week witnessed a selling spree that eroded a staggering 3,058 points or 6.7 per cent from the index, showing the highest four-day loss since March 18, 2020 when the lockdowns were first clamped to stem the spread of Covid-19. Analysts and major market participants who were in truth unable to defend or define the bloodbath mumbled that it was all due to higher inflation,...

As the results’ season draws to a close, analysts work feverishly on their calculators to determine the corporate profitability for the quarter ended on Dec 31, 2020. The results are pleasantly surprising. The aggregate profit earned by listed companies in the quarter amounted to Rs213.9 billion, registering impressive growth of 38 per cent year-on-year. Sector-wise reviews show the segment with the heaviest weight in the KSE-100 index, commercial banks, contributed the highest sum of Rs48bn earned in the quarter. The figure, however, fell by 8pc over the profits recorded in the same quart...

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...

After a day of stopover, the stock market resumed its northward journey with the KSE-100 index ramping up 219.49 points, or 0.48 per cent, on the final day of the trading week. — AFP/File KARACHI: After a day of stopover, the stock market resumed its northward journey with the KSE-100 index ramping up 219.49 points, or 0.48 per cent, on the final day of the trading week, closing at 46,386 points. The index started out in green and shot up to intraday high by 491 points. Investors accumulated stocks despite the weekend ahead. In the second session, the index retreated which took away much of...