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Stocks remain in tailspin amid fresh economic frets

Stocks remain in tailspin amid fresh economic frets
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

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Stocks lose to monetary uncertainties

Stocks lose to monetary uncertainties
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

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Stocks down on economic recovery doubts

Stocks on Friday slipped in narrow trade, as economic outlook continued to remain a cause of concern amid no letup in virus worries, traders said.Pakistan Stock Exchange s benchmark KSE-100 Share.

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Stocks leap as data beats lockdown blues

Stocks leap as data beats lockdown blues August 3, 2021 Stocks spun higher on Monday led by textiles and technology on dollar strength, while upbeat economic data cheered investors out of virus lockdown blues, traders said. Pakistan Stock Exchange s (PSX) benchmark KSE-100 Shares Index gained Rs397.96 or 0.85 percent to close at 47,453.25 points, touching a day high of 47,508.74 points and a low of 47,051.81 points. Ahsan Mehanti, analyst at Arif Habib Corp, said, stocks showed sharp recovery in the earnings season amid late session buying on reports of record $2.35 billion exports in July surging 17.3 percent year-on-year. Higher global crude oil prices and speculations ahead of major earning announcements this week strengthened the sentiment, Mehanti added.

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Stocks unchanged as tough virus curbs mulled

Stocks unchanged as tough virus curbs mulled July 30, 2021 Stocks bit the dust in early trade on Thursday, but fought back to end almost unchanged as tough Covid curbs are being mulled, traders said. Pakistan Stock Exchange s (PSX) benchmark KSE-100 Share Index lost 5.70 points or 0.01 percent to close at 47,312.33 points, testing a day high of 47,374.57 points and a low of 46,955.09 points. Ahsan Mehanti, analyst at Arif Habib Corp, said stocks closed lower on investor concerns over the economic impact of the fresh Covid surge and frail global equities. Mid Session support came from surging global crude oil prices, strong financial results in the fertiliser sector and robust earnings outlook for auto, oil, and cement sectors, he said. Rupee instability and worries over surging trade deficit muted the trade, Mehanti said.

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