Market watch: KSE-100 ends marginally down amid sell-off
Benchmark index falls 27.84 points to settle at 46,905.79
Shares of 430 companies were traded. At the end of the day, 161 stocks closed higher. PHOTO: FILE
KARACHI:
Bears staged a comeback in the final session of a short trading week as the benchmark KSE-100 index shed 28 points amid profit-booking by investors.
Investors remained cautious ahead of a long weekend and took a less risky stance by offloading their stockholdings.
Owing to selling pressure, index-heavy automobile, cement, financial and oil marketing sectors faced a steep decline and most of the stocks in those sectors closed with losses.
Market watch: Stocks extend gains, end just shy of 47,000
Benchmark KSE-100 index rises 353.29 points to settle at 46,933.63
PHOTO: ONLINE
KARACHI:
The Pakistan Stock Exchange (PSX) continued its uptrend on Wednesday owing to overall optimism on the back of a host of positive triggers. Consequently, the KSE-100 index gained over 350 points and closed near the 47,000-point mark.
Encouraging cement sales data released on Tuesday, which showed a 16% year-on-year jump in dispatches during January 2021, triggered a rally in cement sector stocks and most of them closed with gains. The uptrend was further fuelled by a rise in global equity and oil markets.
Market watch: Bulls take control as KSE-100 rises 332 points
Benchmark index increases 0.72% to settle at 46,580.34
KARACHI:
Bulls once again wrestled back control of Pakistan Stock Exchange as the benchmark KSE-100 index rose 332 points on Tuesday and erased the losses suffered a day earlier.
Buoyed by an uptick in international crude prices, both oil-related sectors at the Pakistan bourse were in the limelight and ended the day with modest gains.
On the other hand, chemical, refinery and financial sectors attracted selling by investors that capped gains.
Earlier, trading began with a spike and the KSE-100 index remained in the green throughout the day. Near midday, the uptrend accelerated which pushed the market further up. In final hours of the session, the market flattened with range bound activity.
Market watch: Profit-booking drags KSE-100 down
Benchmark index falls 137.09 points to settle at 46,248.45
KARACHI:
Bulls took a break at the Pakistan Stock Exchange on Monday as profit-booking pulled the benchmark KSE-100 index lower by 137 points.
Index-heavy cement and financial sectors faced modest selling, which fuelled the downtrend. A lack of positive triggers that could give direction to the market dented investor interest, leading to divestment of stockholdings, which erased early gains.
In the morning, trading began with a spike and the market inched closer to the 47,000-point mark. However, the rise proved short-lived and profit-booking by market participants erased the gains, pushing the index into the negative zone. The market’s decline deepened towards the end of session.
Market watch: Stocks rise as quarterly results trickle in
Benchmark KSE-100 index gains 170.75 points to settle at 46,458.13
Shares of 421 companies were traded. At the end of the day, 224 stocks closed higher. PHOTO: REUTERS
KARACHI:
The much-awaited corporate earnings season gained momentum and generated interest in the stock market on Wednesday as the benchmark KSE-100 index rose 171 points.
The market managed to sustain the gains recorded in the previous session, however, the benchmark index kept swinging between red and green zones as companies in certain sectors announced financial results for the quarter and half year ended December 31, 2020. The bullish trend was supported by technology and cement stocks.