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Stocks remained under pressure during the short week as rollover adjustments and year-end selling weighed heavy, amid a new virus variant-led global slide; however, the future trend now hinges on...
Cement, steels keep PSX green on hopes of amnesty extension Business December 25, 2020 The capital market on Thursday, last session before long weekend, closed positive pushed forward by a surge in steel and cement shares on reports that the government was mulling proposal to extend amnesty scheme for the construction sector, dealers said. Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.76 percent or 329.07 points to close at 43,416.77 points level, while volumes decreased to 570.583 million shares, as compared with the turnover of 378.938 million shares in the previou...
Business December 24, 2020 Stocks on Wednesday snapped out of a two-day rout on cyclical strength, especially cement sector, in volatile trade, amid support from banks, autos, and engineering shares, dealers said. The KSE-100 shares index, the benchmark of Pakistan Stock Exchange (PSX), gained 0.42 percent or 180.76 points to close at 43,087.70 points. Volumes decreased to 378.938 million shares, from 561.855 million on Tuesday. KSE-30 rose 0.46 percent or 82.08 points to end at 17,939.18 points. Muhammad Saeed Khalid, head of research at Shajar Capital said the market remained range bound, ...
Stocks extend losses as rollover adjustments weigh Business December 23, 2020 Stocks extended losses on Tuesday tracking world markets ahead of a tougher rollover week, where amount to be settled is the highest ever, i.e., Rs18 billion, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 shares index lost 0.98 percent or 426.82 points to close at 42,906.94 points, while volumes increased to 561.855 million shares, compared to 516.465 million shares in the previous session. KSE-30 shares index followed suit with a low of 0.92 percent or 166.1 points to end at 17,857.10 points. Salman Ahm...
Stocks lose as mutated virus sets off global rout Business December 22, 2020 Stocks on Monday had a hard landing piloted by energy sector as emergence of a mutated as well as deadlier COVID strain plunged global oil and equity markets in new scares, while some year-end selling ahead of rollover week also weighed, dealers said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index lost 0.93 percent or 406.80 points to close at 43,333.76 points. Volumes swelled to 516.465 million shares, as compared with 482.628 million in the previous session. KSE-30 shares index shed 1.22 percent...