Stocks on Friday slipped in narrow trade, as economic outlook continued to remain a cause of concern amid no letup in virus worries, traders said.Pakistan Stock Exchange s benchmark KSE-100 Share.
Stocks edged lower on Thursday as profit-booking remained the order of the day on regional and economic uncertainties with no clear triggers in sight, traders said.The benchmark KSE-100 Share Index.
Stocks end draggy week on decent note
July 17, 2021
Stocks on Friday closed a stagnant week on a decent note, with investors mostly betting on better earnings down the road, traders said.
The benchmark KSE-100 Shares Index at Pakistan Stock Exchange (PSX) finally managed a decent gain of 206.07 points or 0.43 percent to close the day at 47,834.33 points, hitting day high and low of 47,892.20 points and 47,628.26 points respectively.
Ahsan Mehanti, analyst at Arif Habib Corp, said stocks closed bullish led by selected scrips across the board amid speculations ahead of major earning announcements due next week.
He said mid-session pressure remained on falling global crude oil prices and foreign outflows.
Stocks on Tuesday built on yesterday’s rally to briefly breach the 46,000 points barrier after 47 sessions mostly because of signs that the virus was likely weakening, dealers said. Pakistan.
KSE-100: Positive economic indicators lifts stocks; index closes just shy of 46,000 level dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.