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Lacklustre trading activity, foreign selling kept index in check


Daily Times
Index clocked in at 47,793 level, foreign investors were net sellers of $21 million
July 25, 2021
Investors struggled to find a catalyst to set a direction at Pakistan Stock Exchange (PSX) in the shortened (two-session) outgoing week, as risk-shy investors remained away from the index, owing to the rising Afghan crisis, resurgence of Covid-19 and foreign selling pressure.
The PSX benchmark KSE-100 index exhibited a range bound session as it clocked at 47, 703 level inching down from 47,834 points- previous weeks closing, after trading between the weekly high of 48,004.54 points and a low of 47,691.33 points, respectively.
Investor sentiment remained lukewarm primarily due to a shortened trading week due to Eid holidays. Moreover, the departure of US forces from Afghanistan has placed the region in a tight spot, as Afghan Taliban has been staking claim over 90 pc of the country, risking a fallout in the neighbouring countries-with Pakistan facing a ....

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CGT uncertainty, Afghan crisis tAkE toll on investor sentiments, keeping index in check


Daily Times
Index up by 0.6pc, average volumes fell by 4pc
July 18, 2021
Stocks witnessed a cautious trading activity in the outgoing week, as risk-shy investors remained away from the index, owing to the rising Afghan crisis and approaching CGT submission deadline.
The benchmark kse-100 index exhibited a range bound session as it clocked at 47,834 points, up 0.6pc WoW, after trading between the weekly high of 47,890 points and a low of 47,388 points, respectively.Moreover, the average trading volumes fell by 4pc to settle at 467 million shares, while the traded value decreased by 10pc to average at $96 million.
Investor sentiments remained lukewarm primarily over approaching deadline for the Investors to submit CGT to the NCCPL by the July 16th i.e Friday, which continued to remain a major reason denting market participation, The NCCPLs’s move to collect CGT till May 21-11 month time, ahead of the normal 12-month time-which ends on June 30th- inflated the ....

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