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KSE-100 index drops 80 points amid Covid fears, lacklustre investor participation
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Stocks manage modest gains ahead of long closure - Newspaper
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Market watch: Stock market lacklustre ahead of Eid holidays
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Market watch: Stock market dull ahead of Eid holidays
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PSX inches up in lacklustre week
Concerns over fourth wave of Covid-19 hinder market from posting exorbitant gains
KARACHI:
The Pakistan Stock Exchange (PSX) witnessed a tepid week as concerns over the fourth wave of Covid-19 played on investor’s mind and dimmed trading activity. Despite lacklustre trading, the KSE-100 index managed to close the week with a gain of 0.6% or 271 points at 47,834 points.
“The week saw the index gaining some momentum in spite of a continued rise in Covid cases on account of the delta variant,” stated a report from Arif Habib Limited.
Trading on Monday kicked off on a negative note and the market dropped as concerns over rising coronavirus cases coupled with the anticipation of another lockdown shattered investor confidence.