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Stocks snap four-day winning streak - Newspaper


In this file photo, Pakistani stockbrokers watch the latest shear prices on a digital board during a trading session at the Karachi Stock Exchange (KSE). AFP/File
KARACHI: Stocks snapped the four-day winning streak as the KSE-100 index after a volatile session finished flat with a minor loss of 36 points or 0.1 per cent at 44,460 points.
The market opened in the red taking cue from regional bourses which remained under pressure due to drop in international oil prices. During the day, the market took investors on a roller coaster ride, making intraday high and low by 144 and 228 points.
Market saw profit booking in power, oil and gas marketing companies and fertiliser sector stocks. Cement and steel sector stocks bounced back today after the sell-off a day earlier. Cement sector showed signs of recovery as local dispatches posted growth of 17.5pc in December with total dispatches of 4.788 million tonnes. ....

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