Market watch: Bearish trend continues at PSX
Benchmark KSE-100 index drops 58.35 points to settle at 45,931
Shares of 412 companies were traded. At the end of the day, 169 stocks closed higher. PHOTO: FILE
KARACHI:
The stock market continued its downward march for a second day on Friday owing to weak cues coupled with global economic headwinds.
Weakening oil prices in the international market fuelled the bearish momentum at the Pakistan Stock Exchange (PSX). Oil prices fell as concerns about Chinese cities in lockdown due to virus outbreaks tempered a rally.
Stocks remained under pressure throughout the day due to a sombre investment climate as investors preferred to remain on the sidelines ahead of earnings season and monetary policy announcement in the second half of January.
Market watch: KSE-100 extends gains in turbulent session tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
PSX gains 679.42 points to close at 44,434 points
Published On 01 January,2021 06:32 pm
A total 642,622,037 shares were traded as compared to the trade of 578,250,758 shares previous day
ISLAMABAD (Dunya News) – The KSE-100 index of the pakistan stock exchange (psx) on Friday continued with bullish trend, gaining 679.42 points, with positive change of 1.55 percent, closing at 44,434 points against 43,755.38 points on the last working day.
A total 642,622,037 shares were traded during the day compared to the trade of 578,250,758 shares the previous day whereas the price of shares stood at Rs27.303 billion against Rs23.780 billion previous day.
As many as 406 companies transacted shares in the stock market, 214 of them recorded gain and 178 sustained losses whereas the share price of 14 companies remained unchanged.
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.