Page 2 - Saeed Khalid News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PSX losses deepen as investors punish earnings misses Business February 19, 2021 Stocks landed more losses on Thursday as investors continued to shed names that disappointed them in terms of dividend announcement amid concerns over IMF’s demands to abolish Rs150 billion corporate income tax exemptions and circular debt plan, dealers said. Pakistan stock exchange (PSX) KSE-100 shares index shed 1.34 percent or 625.4 points to close at 46,142.74 points. KSE-30 shares index shed 1.76 percent or 344.28 points to close at 19,216.31 points. As many as 412 scrips were active of which 140 advance...

Stocks end flat on C/A deficit nerves Business February 10, 2021 Stocks flatlined on Tuesday after hitting a brick wall at around 47,000-mark because of profit-selling that mainly broke out owing to nerves over current account deficit numbers, upcoming FATF review, and political noise, dealers said. The capital market continued to face adjustments and profit taking as investors showed concern over the upcoming FATF meeting and political rallies called by the opposition, dealers said. KSE-100 shares index lost 0.1 percent or 47.1 points to close at 46,674.77 points at Pakistan Stock Exchange...

Stocks fall into correction led by institutions Business February 9, 2021 The capital market on Monday recorded selling pressure with institutions choosing to book their profits in overbought heavy weights amid market adjustment and resistance at 47,000 points level, dealers said. Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index lost 0.39 percent or 183.92 points to close at 46,721.87 points level. Volumes decreased 428.626 million shares, from 440.278 million shares traded on Thursday. KSE-30 shares index also dipped 0.39 percent or 76.14 points to end at 19,499.85 points level...

Upbeat MSCI, FATF prospects likely to keep index positive Business February 7, 2021 The capital market during the outgoing week showed positive performance on higher exports numbers and arrival of Covid-19 vaccines, with expectations that the Finance Action Task Force (FATF) and review of MSCI would keep the bull run going in the coming sessions too, dealers said. Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index remained positive at a 3.5 year high. It went up 1.12 percent or 520 points, to close at 46,906 points in the outgoing week. During first week of the month, the benchmar...

Trend at the capital market was almost flat on Thursday owing to long weekend and settlement issues, with equities facing selling pressure from investors booking their profits and resistance beyond...