Business
January 6, 2021
The stock market on Tuesday ended flat following a choppy session, as institutions sold their holdings to book profits and seasoned investors anxiously waited for cabinet approval on construction sector and government nod on energy bonds, dealers said.
Topline Securities in a note said the benchmark KSE-100 shares index witnessed a choppy session as it touched an intra-day high of 44,830 (up 0.32 percent) and an intra-day low of 44,458 (down 0.51 percent) to eventually close flat at 44,650 (down 0.08 percent).
Kot Addu Power Company Limited (Kapco) remained in the limelight, owing to the partial payment pertaining to the circular debt, with its stock closing at the upper circuit.
Cement, steels keep PSX green on hopes of amnesty extension
Business
December 25, 2020
The capital market on Thursday, last session before long weekend, closed positive pushed forward by a surge in steel and cement shares on reports that the government was mulling proposal to extend amnesty scheme for the construction sector, dealers said.
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.76 percent or 329.07 points to close at 43,416.77 points level, while volumes decreased to 570.583 million shares, as compared with the turnover of 378.938 million shares in the previous session.
KSE-30 shares index followed suit with a high of 0.88 percent or 158.54 points to end at 18,097.72 points level.
Business
December 24, 2020
Stocks on Wednesday snapped out of a two-day rout on cyclical strength, especially cement sector, in volatile trade, amid support from banks, autos, and engineering shares, dealers said.
The KSE-100 shares index, the benchmark of Pakistan Stock Exchange (PSX), gained 0.42 percent or 180.76 points to close at 43,087.70 points. Volumes decreased to 378.938 million shares, from 561.855 million on Tuesday. KSE-30 rose 0.46 percent or 82.08 points to end at 17,939.18 points.
Muhammad Saeed Khalid, head of research at Shajar Capital said the market remained range bound, despite recovering balance of payments numbers, marking an intra-day high of 310 points, closing at just above 43,000 index levels.