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PSX s history making week: All share volume surged past 2 billion shares, benchmark index crossed 47,000 mark
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Kse-100 index cross 47,000 level for first time in nearly 4 years
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KSE-100 stage sharp recovery amid buying spell by Mutual Funds; index up 976 points
Stocks stage sharp recovery at Pakistan Stock Exchange (PSX), amid heavy buying spree by Mutual Funds.
On Monday , the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,952.45 level after gaining 1,245.69 points. However, paring some early gains the index clocked at 45,682.77 index level by the closing bell after posting a 976.01 points gain.
During the session the strong earnings announcements propelled bullish sentiments as many scrips became active namely in the Banking, Oil, Fertilizer and Cement sector.
The government’s allocation of six exploration blocks to Oil & Gas exploration companies also resulted in strong investment inflows towards the sectors, specifically Oil & Gas Development Company Limited and Pakistan Petroleum Limited
Market watch: Stocks rally on positive economic indicators
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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.