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PSX gains 11 points to close at 47,135 points
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Market watch: Bull-run enters third day at PSX
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Delta variant fear rattles stock market
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KSE-100 index closes flat despite late recovery Volume at KSE-100 slightly rose from 128 million shares recorded in the previous session to 156 million shares
July 30, 2021
Stocks staged a sharp recovery at Pakistan Stock Exchange (PSX), paring almost all of the intraday losses by the closing bell on Thursday as investors reacted to series of positive news flow during the day. However, the index still closed in red, posting a loss of five points and clocked at 47,312 level.
On Thursday the index opened on a negative note where it lost 363 points on the concerns that the government is mulling over strict measures including imposing a lockdown as Covid positivity ratio has reached 30pc in the business hub of the country – Karachi.
Fear of fourth Covid wave rattles market
Stocks battered on back of expectations about quarterly financial results, soaring virus cases
KARACHI:
A turbulent week at the Pakistan Stock Exchange (PSX) finally came to an end as lack of triggers and limited investor interest took toll on the benchmark KSE-100 index, which fell 123 points or 0.3% to close the week at 47,563.45 during the week ended July 9, 2021.
Trading kicked off Monday on a bearish note. Political tensions following a rally of the Pakistan Democratic Movement (PDM) in Swat after several months coupled with soaring inflation and failing efforts of the government to control price hike added to concerns of investors.