PSX witnesses bearish trend a day after Senate elections: report
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PSX witnesses bearish trend a day after Senate elections: report
KARACHI (WEB DESK) - Senate outcome sent some shivering signals to investors where selling spree hit the deck wiping about 2 percent of 100 index where dozens of companies shares finished at low marks, dealers said.
The KSE-100 index marked a bloodbath session today after the senate election results, where against odds the opposition party emerged victorious on the key senate seats. Investors also feared over covid-19 third wave that caused 75 deaths yesterday (highest in 3 months) along with rise in PIB yields (20-40bps) in the auction held last day said Zaid Aftab research analyst at Pearl Securities.
Stocks join global rally amid upbeat FATF outlook
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Stocks join global rally amid upbeat FATF outlook
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 join global rally amid upbeat FATF outlook
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.
Earnings to drive stocks in bumpy trade
Business
February 21, 2021
Stocks are expected to rise from the ashes of last week’s burnout as investors are seen placing faith in corporations to declare openhanded earnings in the coming days, dealers said.
The benchmark KSE-100 shares index gained 0.91 percent or 419.29 points for the week ended February 19, 2019 to close at 46,227.65 points. KSE-30 shares index gained 0.66 percent or 126.14 points to end the week at 19,230.64 points.
“The index performed mainly on the positivity on the economic and large-scale manufacturing side where we have noticed significant rise in textile and food exports, surging 8.0 percent and 2.5 percent, respectively in 7MFY21, compared to 7MFY20,” said Muhammad Saeed Khalid, head of Research at Shajar Capital.