Stocks end flat on C/A deficit nerves
Business
February 10, 2021
Stocks flatlined on Tuesday after hitting a brick wall at around 47,000-mark because of profit-selling that mainly broke out owing to nerves over current account deficit numbers, upcoming FATF review, and political noise, dealers said.
The capital market continued to face adjustments and profit taking as investors showed concern over the upcoming FATF meeting and political rallies called by the opposition, dealers said.
KSE-100 shares index lost 0.1 percent or 47.1 points to close at 46,674.77 points at Pakistan Stock Exchange (PSX). Volumes increased to 664.033 million shares, from 428.626 million on Tuesday. KSE-30 shares index dipped 0.07 percent or 13.26 points to end at 19,486.59 points.