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Stocks gain as economy shows green shoots
Business
Stocks on Wednesday pressed ahead counting on upbeat economic numbers amid robust corporate earnings hopes, dealers said.
Pakistan stock exchange (PSX) KSE-100 shares index gained 0.58 percent or 262.65 points to close at 45,311.22 points. Volumes reduced to 341.88 million shares from 473.433 million in the last trading session.
Topline Securities in a note said encouraging large-scale manufacturing and auto sales numbers and decline in Pakistan Investment Bonds cutoff yields garnered investors interest, which led the market to make an intraday high of 298 points.
TRG, FFC and HBL emerged as the major contributors by cumulatively adding 69 points to index, the brokerage said.
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Stocks flat on virus fears, political unrest
Business April 14, 2021
KARACHI: Stocks on Tuesday flatlined in a range-bound trade as investors played safe given the rising Covid infections and a brewing political unrest, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index gained 0.16 percent or 70.52 points to close at 45,048.57 points. KSE-30 shares index shed 0.03 percent or 6.45 points to close at 18,436.44 points.
An analyst at Pearl Securities said the benchmark index witnessed squiggly movement amid a political rift from a religious party representative while Covid continued to strike as Pakistan registered 4,318 new cases and 118 people lost their battle against the lethal virus.
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