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Stocks pick up as long march postponed
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks pick up as long march postponed
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks pick up as long march postponed
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Business
March 17, 2021
Stocks ended flat in choppy trade on Tuesday with index oscillating between positive and negative territories throughout the trading session, as investors paused after a rally that continued for two days, dealers said.
An analyst at Pearl Securities said investors were divided over the upcoming PDM strategy to pressurise the government. “Also, the oil and gas sector came under selling pressure due to the decrease in international oil prices. Meanwhile, the rising Covid positivity ratio also triggered profit-taking at higher levels.”
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.2 percent or 90.47 points to close at 44,857.06 points level. KSE-30 shares index gained 0.31 percent or 58.49 points to close at 18,628.02 points level.
Stocks soar higher on stability bets
Business
March 16, 2021
Stocks on Monday matched the Fridayâs stride as the rally set off by governmentâs Senate recovery endures, dealers said.
KSE-100 shares index gained 2.23 percent or 978.51 points to close at 44,766.59 points. On a day-on-day basis total traded volume rose 2.9 percent to 455.35 million shares, while value grew 1.6 percent to Rs21.95.
Topline Securities in a note said clarity over senate chairmanship buoyed sentiment, while investors shrugged off concerns of a higher inflation and political noise arising from Long March and PPPâs challenging the Senate chairmanship election in Supreme Court.
Major positive contributors were TRG, PSO, LUCK, SYS, and HUBC that cumulatively added around 327 points to the index, the brokerage said. As many as 403 scrips were active, of which 332 advanced, 59 declined, and 12 remained unchanged.