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PSX loses 366 points to close at 47,123 points

PSX loses 366 points to close at 47,123 points
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

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PSX plateau persists on virus, regional risks

PSX plateau persists on virus, regional risks
July 15, 2021
Stocks continued to crawl along the flatline on Wednesday as smart Covid lockdowns and geopolitical risks muted earningsâ excitement, traders said.
Pakistan Stock Exchange s (PSX) KSE-100 Share Index gained just 10.97 points or 0.02 percent to close at 47,491.47 points, touching an intraday high of 47,595.72 points and a low of 47,443.88 points.
Muhammad Arbash, analyst at Topline Securities, said, investor interest was witnessed in textile sector, where NML, NCL, GATM, and GADT emerged as major gainers; however, on the flip side TRG dented the index most (32 points).
Analysts said even earnings could not trigger the session. ....

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Stocks barely changed on regional uncertainty

Stocks barely changed on regional uncertainty
July 14, 2021
Stocks on Tuesday were flattened by new virus jitters and Afghan power transition uncertainty despite upbeat remittance data, traders said.
Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Shares Index finished with a gain of 33.42 points or 0.07 percent to close at 47,480.50 points, hitting a session high and a low of 47,585.18 points and 47,439.89 points respectively.
Analyst Ahsan Mehanti at Arif Habib Corp said stocks showed recovery led by selected scrips across the board in late session institutional support on speculations ahead of corporate results in the earnings season.
However, he said, mid-session pressure remained on rupee instability and concerns for regional uncertainty. ....

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Stocks retreat on new virus variant frets

Stocks retreat on new virus variant frets
July 13, 2021
Stocks on Monday remained in retreat amid noise over surge of a new Covid variant and regional unrest ahead of long Eid holidays next week, traders said.
Pakistan Stock Exchange s (PSX) benchmark KSE 100-share Index gave up 116.37 points or 0.24 percent to close at 47,447.08 points, hitting a day high and a low of 47,715.28 points and 47,408.52 points, respectively.
Zafar Moti, former director PSX, said the market had slowed down and volumes were shrinking. “People are downsizing themselves because of the Sacrificial Eid. Afghanistan issue and political noise was also there.”
“Next week is off and the market is unlikely to gather any momentum this week and may remain directionless until Eid holidays are over,” Moti said. ....

Hariss Khan , Brokerage Arif Habib , Silk Bank Ltd , Pakistan Stock Exchange , Corp Ltd , Byco Petroleum , Worldcall Telecom , Unity Foods Ltd , Fauji Foods Ltd , Citi Pharma , Street Corp , Stock Exchange , Arif Habib Limited , Mehmood Textile , Sapphire Textile , Topline Securities , Capital Gains Tax , Citi Pharma Limited , Ghani Global Glass , Loads Limited , Call Telecom , தரகு ஆரிப் ஹபீப் , பட்டு வங்கி லிமிடெட் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , கார்ப் லிமிடெட் , பயகா பெட்ரோலியம் ,

Stocks lose for third day as economic angst lingers

Stocks lose for third day as economic angst lingers
July 8, 2021
Stocks on Wednesday lost for the third straight session as institutional investors continued to cut down their exposure on economic and geopolitical noise, traders said.
Pakistan Stock Exchange s (PSX) benchmark KSE-100 Share Index shed 98.24 points or 0.21 percent to close at 47,247.92 points, touching a day high of 47,375.67 points and a low of 47,034.64 points.
Muhammad Arbash, analyst at Topline Securities said equities came under some selling pressure after trading in a narrow range.
During the session, the market tested a low of 311 points as investors were concerned over high commodity prices, geopolitical concerns, and collection of CGT (Capital Gain Tax) for 11MFY21, he said. ....

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