Daily Times
April 7, 2021
Following an abysmal performance in the previous session, bulls staged a comeback at Pakistan Stock Exchange (PSX) on Tuesday, as benchmark KSE-100 index gained 856 points by the closing bell to clock at 44,404.70 level.
Tuesday’s strong performance followed series of trading sessions where Investors struggled to gain a firm foothold, ever since the benchmark KSE-100 index slipped from the recent high of 47,000 points, owing to rising Covid-19 infection cases that resulted in fresh rounds of lockdown.
On Tuesday, technology sector which took the major beating in the previous sessions, was the top performer, flowing PM Imran Khan’s intentions to promote the sector by giving several incentives in the outgoing year. The PM on Monday said the establishment of Special Technology Zones (STZs) would ensure promotion of information technology in the country and directed finalization of a time-line based strategy in this regard.
KSE-100 Index plummets 752 points as Covid fears weigh on sentiments
April 6, 2021
Bears continued to wreak havoc at Pakistan Stock Exchange (PSX), as investors have struggled to gain a firm foothold ever since the benchmark KSE-100 index slipped from the recent high of 47,000 points, as market is being held hostage to the flare-up in Covid-19 infection cases that has forced fresh rounds of lockdown across the country.
Owing to weak economic indicators and Covid-19 fears, on Monday the kse-100 index lost another 752 points by the closing bell to clock at 43,548.21 level.
Investors have remained muted over positive exports data, which posted an increased to a ten-year high at $2.345 billion during March and appreciation of Rupee, which has led the chart of the world’s best-performing currencies in the first three months of CY21 as it closed on a stronger note with an appreciation of 4.43% against the US Dollars.
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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.
Stocks stay the flattish course in unadventurous trade
Business
December 10, 2020
Stocks on Wednesday failed to snap the flattish streak despite an energy-led upswing as investors are taking no chances fearing the ongoing political conflict may escalate into a full-blown national crisis, dealers said.
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.24 percent or 102.25 points to close at 42,204.03 points, while volumes increased to 438.146 million shares, as compared to 409.741 million shares in the previous session. KSE-30 was also up 0.33 percent or 57.95 points to end at 17,691.26 points.
Topline Securities in a market review said equities closed positive in line with regional indices. “The market opened on a positive note making an intraday high of 248 points and traded in a range of 319 points through the day, the brokerage said.