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Stocks head further south as hedge-betting intensifies

Business May 1, 2021 Stocks suffered another blow on Friday as investors fiercely hedged their bets given the virus crisis, cold-shouldering some good results at the end of the rollover week, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index shed 1.34 percent or 600.76 points to close at 44,262.35 points. Volumes were almost flat at 293.74 million shares from 280.67 million shares in the last trading session. Topline Securities in a note said the market opened on a positive note as index gained to make an intraday high of 194 points, attributable to healthy result announcements at the opening. However, market soon came under selling pressure due to last day of rollover week and limited trading hours, the brokerage said.

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Stocks remain on ropes as economic uncertainty deepens

Stocks remain on ropes as economic uncertainty deepens Business April 30, 2021 Capital market rout prevailed amid volatile trade as investors continued to pull out, bracing for further tightening of economic activities owing to worsening virus situation, dealers said. Pakistan Stock Exchangeâs (PSX) KSE-100 Shares Index shed 0.44 percent or 196.01 points to close at 44,863.11 points, while volumes shrank to 280.67 million shares from 305.7 million on Wednesday. Brokerage Topline Securities in a note said after a slight positive opening the market traded sideways in thin volume, making an intraday low of 278 points. Investors were concerned about rising Covid-19 cases and rise in smart lockdowns following a meeting of NCOC (National Command Operation Center), it added.

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Stocks muted as lockdown noise grows louder

Stocks muted as lockdown noise grows louder Business April 22, 2021 Stocks muted on Wednesday as lockdown noise grew louder given the Covid rampage, even eclipsing some lustrous corporate results, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index lost 0.21 percent or 93.24 points to close at 45,306.54 points. Volumes ticked up to 387.908 million shares from 343.28 million on Tuesday. A A H Soomro at KASB Securities said market remained flattish-to-red as index kept oscillating in a narrow band in the earnings week as investors weighed the strong possibility of further targeted lockdowns. “So far, even the good results haven t been able to cheer their share prices. Today s warning from NCOC presents a grim picture of next few days/weeks as hospital capacities are overwhelmed,” Soomro said.

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Stocks plateau as unrest worries weigh

Stocks plateau as unrest worries weigh
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