Stocks on Wednesday fell for a second straight session tracking a world rout amid concerns over even stringent IMF conditions, traders said.Pakistan Stock Exchange s benchmark KSE-100 Shares Index.
KARACHI: Stocks again trod water on Wednesday as peaking budget anxiety tied investor hands amid no trade triggers, traders said.Pakistan Stock Exchange s benchmark KSE-100 Share Index eased by.
Stocks barely changed on Tuesday as fresh rupee losses and reports of heavy IMF-dictated taxation in the budget spooked investors out of the market, traders said.Pakistan Stock Exchange s benchmark.
July 29, 2021
Stocks slumped on Wednesday as a monetary policy status quo rally was reversed by renewed scares of economic restrictions as the new Covid variants were reported on the rise in the country, traders said.
Pakistan Stock Exchange s (PSX) benchmark KSE-100 Share Index lost 368.96 points or 0.77 percent to close at 47,318.03 points printing a day high of 47,874.69 points and a low of 47,244.21 points.
Muhammad Arbash, an analyst at Topline Securities, said the day opened on a positive note as central kept the policy rate unchanged.
However, in the second half the market witnessed profit-taking as investors were worried over rising Covid cases, Khan said.