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Week ahead: Stocks likely to tread water in tight trade

Kse-100: Stocks battered over fears of additional Covid restrictions; index lost 600 points

Kse-100: Stocks battered over fears of additional Covid restrictions; index lost 600 points May 1, 2021 Stocks at Pakistan Stock exchange were hammered on the last trading day of the week as index continued to lose ground to selling pressure over rising political uncertainty, while rising covid-19 cases in the country have also stoked fears of complete lockdown- denting market sentiments. On Friday, the benchmark kse-100 opened on a positive note and touched intra-day high at 45,056.90 level after gaining 193 points, but reversing its trajectory the index lost 711.42 and touched intra-day low at 44,151.69 level. However, the index clocked at 44,262.35 level by the closing bell after posting a 600.75 points loss.

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