Stocks rise 484 points on cherry-picking - Business
The market witnessed an across the board buying momentum after Moody’s Investors Service maintained Pakistan’s ratings unchanged at ‘Caa3’.
Source: dawn.com
Stay updated with breaking news from Pk Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The market witnessed an across the board buying momentum after Moody’s Investors Service maintained Pakistan’s ratings unchanged at ‘Caa3’.
Investors remain concerned about rising industrial power tariff, which is being implemented to end circular debt crisis, says analyst.
Foreign investors were net sellers for the first time since November 8 as they offloaded shares worth $2.71m.
Investors chose to book profits, dragging the KSE-100 index down to negative territory.
Arif Habib Ltd said selling pressure in stock market follows 50,000-point test a day ago.