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Stocks open rollover week in red


Stocks open rollover week in red
July 27, 2021
Stocks were off to a strong start on Monday led by select names, but were later pulled down by others as rollover week has kicked in amid economic jitters, traders said.
Pakistan Stock Exchange s (PSX) benchmark KSE-100 Shares Index shed 120.39 points or 0.25 percent to close at 47,672.68 points, testing a day high of 47,930.85 points and a low of 47,608.79 points.
Zafar Moti, former director PSX, said the market exuded optimism in the day as the opening was good because of PTI’s winning the Kashmir election. However, he said, traders thought a billion shares would be traded in this session as it had happened right after Ramazan/Eid-ul-Fitr holidays but the momentum fizzled with selling orders coming in the end. ....

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