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KSE-100: Unfazed by positive triggers, index slumps by 368 points


KSE-100: Unfazed by positive triggers, index slumps by 368 points
July 29, 2021
Bears continued to haunt investors at Pakistan Stock Exchange (PSX) as diminishing volumes and selling pressure placed the benchmark KSE-100 under pressure as it posted a 368-point loss by the closing bell and clocked at 47,318 level.
The Index traded in a range of 630.48 points or 1.32 percent of the previous close, showing an intraday high of 47,874.69 and a low of 47,244.21.
On Wednesday, trading kicked off on an optimistic note but witnessed volatility, as intraday correction and discounted share prices attracted selective buying. However, it observed profit-taking during the session amid rising COVID cases. ....

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Stocks lose 369 points on panic-selling - Newspaper


KARACHI: Stocks tumbled on Wednesday after the latest figures of the death toll of surging fourth wave of pandemic frightened investors who dumped the stocks mainly in the second half. The KSE-100 index sank 369 points, or 0.77 per cent, to close at 47,318.
Market capitalisation saw erosion of Rs56 billion in a day.
Stocks started off on a positive note as traders were encouraged by the SBP decision to leave the policy rate unchanged at 7pc to support economic growth. The IMF also revised GDP growth projection for Pakistan upwards to 3.9pc for FY21. The index thus climbed to intraday high by 188 points, before fear gripped investors who started to liquidate positions in the rollover week. ....

National Refinery , Hub Power Co , Unity Foods , Lucky Cement , தேசிய சுத்திகரிப்பு நிலையம் , மையம் பவர் இணை , ஒற்றுமை உணவுகள் , அதிர்ஷ்டசாலி சிமென்ட் ,