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Stocks stuck in slump amid political scares 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 stuck in slump amid political scares 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.
Market watch: Bears hold sway as political tensions weigh Benchmark KSE-100 index drops 271.59 points to settle at 45,593.43 Overall trading volumes decreased to 368.4 million shares compared with Friday’s tally of 480 million. PHOTO: FILE KARACHI: Bears maintained their control over the Pakistan Stock Exchange (PSX) on Monday, in line with the preceding session, as political tensions fuelled selling pressure across the board ahead of Senate elections. The Supreme Court said polls for the upper house would be held according to Article 226 of the Constitution and through secret ballot. Uncertainty in international crude oil market coupled with projections of monthly inflation data also fuelled the bearish momentum. ....
Business February 12, 2021 KARACHI: Stocks were dragged down by profit-taking in energy and financials on Thursday; however building on Wednesday’s momentum, trading volume hit another historic high of 1.124 billion shares, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 shares index shed 1.26 percent or 588.77 points to close at 46,055.52 points. Volumes increased to 1.124 billion shares from 1.01 billion a day earlier. KSE-30 shares index lost 1.3 percent or 252.3 points to close at 19,222.01 points. Stocks that contributed significantly to the volumes include World Telecom, Telecard Limited, K-Electric, Maple Leaf Cement and Fauji Cement, which formed 52 percent of total volumes. World Telecom posted a turnover of 353.56 million shares and lost 10.1 percent after a fake PSX notice saying that the scrip has been placed in the defaulters’ list went viral on the social media. As the PSX issued a clarification after the closing of the trading hours, ....
Trend at the capital market was almost flat on Thursday owing to long weekend and settlement issues, with equities facing selling pressure from investors booking their profits and resistance beyond. ....