PSX edges up with energy shares
Business
December 12, 2020
Stocks edged up on Friday as higher oil prices lifted energy shares in a noncommittal market faced with political standoff between the government and opposition alliance, dealers said.
“Positive momentum was observed at the exchange led by the E&P sector on the back of increase in crude oil prices, as the index heavy weight E&P sector gained 2.5 percent on day-to-day basis,” brokerage Topline Securities said in a post market note.
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.39 percent or 164.56 points to close at 42,470.40 points level.
KSE-30 shares index followed suit with a high of 0.33 percent or 58.32 points to end at 17,730.15 points level.
Stocks remain stuck in range; border tensions bite
Business
December 11, 2020
Stocks on Thursday continued to hover within the ‘minimum risk zone’ with selective buying seen in oil, gas, and food as COVID-wary investors found themselves worrying over national security after tensions erupted on Pakistan-India border, dealers said.
Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index gained 0.24 percent or 101.81 points to close at 42,305.84 points. Volumes increased to 472.363 million shares, as compared to 438.146 million on Wednesday. KSE-30 lost 0.11 percent or 19.43 points to end at 17,671.83 points level.
Topline Securities in its daily market review said after a sideways opening, market remained positive through the day making an intraday high of 237 points.