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KSE-100: Foreign selling weighs down index by 451 points

KSE-100: Foreign selling weighs down index by 451 points
April 8, 2021
Following a short-lived recovery in the previous session at the Pakistan Stock Exchange (PSX), the market was in jitters on Wednesday owing to heavy selling pressure by the foreign investors, as benchmark KSE-100 index lost 451.12 points by the closing bell and breached 43,000 level.
Investors once again were in frenzy, as selling pressure in index heavy-weight stocks weighed on sentiments. On Wednesday, the index opened positive, following previous session’s gains, and touched intra-day high at 44,571.91 after it gained 167.91 points. However, reversing the earlier gains, the index entered negative territory and lost 646.65 points to touch intra-day low at 43,758.05 level. ....

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KSE-100 Index plummets 752 points as Covid fears weigh on sentiments

KSE-100 Index plummets 752 points as Covid fears weigh on sentiments
April 6, 2021
Bears continued to wreak havoc at Pakistan Stock Exchange (PSX), as investors have struggled to gain a firm foothold ever since the benchmark KSE-100 index slipped from the recent high of 47,000 points, as market is being held hostage to the flare-up in Covid-19 infection cases that has forced fresh rounds of lockdown across the country.
Owing to weak economic indicators and Covid-19 fears, on Monday the kse-100 index lost another 752 points by the closing bell to clock at 43,548.21 level.
Investors have remained muted over positive exports data, which posted an increased to a ten-year high at $2.345 billion during March and appreciation of Rupee, which has led the chart of the world’s best-performing currencies in the first three months of CY21 as it closed on a stronger note with an appreciation of 4.43% against the US Dollars. ....

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Stocks slide on profit-selling; HBL result weighs

Business
February 18, 2021
Stocks settled lower on Wednesday after swinging wildly with the dent of the day coming from Habib Bank Limited, owing to its disappointing earning result, while institutional profit-booking also weighed, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index lost 0.21 percent or 99.81 points to close at 46,768.14 points. Volumes swelled to 701.76 million shares from 514.208 million on Tuesday. KSE-30 shares index shed 0.3 percent or 58.71 points to close at 19,560.59 points.
Topline Securities in its daily market review said the market opened on a positive note following IMF and Pakistan’s reaching an agreement on measures to complete second to fifth review of the former’s EFF (Extended Fund Facility). ....

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