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.