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Stocks lackluster as late exits reverse early gains
Business
April 1, 2021
Stocks on Wednesday kicked off with a good gap-up, aiming high, but late exits rolled back early gains as the third Covid wave continues to build up in the country, dealers said.
A Topline Securities commentary said equities closed slightly positive and benchmark KSE-100 Shares Index gained 0.22 percent or 96.82 points to close at 44,587 points.
Day-on-day, total traded volume increased 31 percent to 443 million shares and value 25 percent to Rs25.91 billion.
Pakistan raised $2.5 billion through bond deal on Tuesday which led the market to open with a gap-up with the index make an intraday high of 642 points, the brokerage said.