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KSE-100: Rising Covid cases stokes stricter lockdown fears as index losses deepen


KSE-100: Rising Covid cases stokes stricter lockdown fears as index losses deepen
April 24, 2021
Stocks continued their descent and extended losses for the third consecutive day at Pakistan Stock Exchange (PSX), as rising fears over stricter lockdown measures restrained the index.
On Friday, the benchmark kse-100 dipped to intra-day low of 566 points to touch 44,363.40 level, however, mid-session the index pared some of the losses.
During the session the market was gripped with fears of rising Covid cases and expected stricter lockdown measures in the NCOC meeting, after the Federal Minister for Planning and Development and the Chief of the National Command and Operation Centre (NCOC) Asad Umar earlier this week issued a warning and said that if that if coronavirus situation worsens in the country, the government will be compelled to impose more restrictions. ....

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Kse-100: Stocks post meager gains on lack of triggers


Kse-100: Stocks post meager gains on lack of triggers
April 17, 2021
Bulls or Bears, stocks accommodated none at Pakistan Stock Exchange (PSX) on Friday, as lack of triggers kept investors sentiments in check, in a choppy trade.
On Friday, the benchmark kse-100 opened on a positive note and touched intra-day high at 45,471.35 level after gaining 241.17 points. However, selling pressure emerged by midday, which wiped off most of the gains. But, nevertheless, the index crawled up in the positive zone as by the closing bell the benchmark index gained 75.45 points to clock at 45,305.63 level.
During the session the market witnessed lack of investor interest, but higher expectations in upcoming financial results in key sectors was the sole reason which lent support to the bourse and aided its uptrend. ....

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