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Stocks slump as global rout spurs late selloff 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.
Stocks sluggish as investors stick to sidelines July 16, 2021 Stocks on Thursday started with a sideways drift but later made some gains that were capped by late profit-booking ahead of eid holidays, traders said. Pakistan Stock Exchange s (PSX) benchmark KSE-100 Shares Index could only manage to gain 136.79 points or 0.29 percent to close at 47,628.26 points, while it tested a day high of 47,736.13 points and a low of 47,388.55 points. Zafar Moti, former director PSX, said the market kept going up and down during the session. “The market remained directionless ahead of last working day of the week (Friday).” Moti said there were concerns over Taliban issue as it was not good news for Pakistan. “Petrol prices are increasing. There is a liquidity crunch while real picture of the stocks will become clear after Eid,” Moti added. ....
Market watch: PSX begins week on negative note tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Market watch: KSE-100 falls ahead of earnings season tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks slip on inflation, geopolitical scares July 6, 2021 Stocks on Monday ended lower amid inflation alarms and regional geopolitical concerns, traders said. The Pakistan Stock Exchange s (PSX) benchmark KSE-100 Share Index lost 257.06 points or 0.54 percent to close at 47,429.12 points against 47,686.18 points recorded in the last session. The index tested a day high of 47,742.23 points and a low of 47,357.68 points. Ahsan Mehanti, analyst at Arif Habib Corp, said stocks fell sharply on concerns over dismal data on CPI (consumer price indicators) inflation at 9.7 percent year-on-year in June, surge in trade deficit to $30.8 billion (up 33 percent for FY21), and security unrest in region. ....