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KSE-100: Stocks inch up as investors struggle for direction

KSE-100: Stocks inch up as investors struggle for direction April 1, 2021 Investors continue to struggle for a direction at Pakistan Stock Exchange (PSX), as benchmark KSE-100 hardly changed after moving both ways with trade drying up on Covid-19 worries. On Wednesday, the benchmark KSE-100 gained 96.82 points by the closing bell to clock at 44,587.85 level. Following Monday’s blood bath market participants have been treading cautiously as pessimism over the economic situation and renewed lockdown restrictions continued selling pressure at the bourse. On Wednesday, the index opened on a positive note as investors cheered the government’s announcement, that it successfully sold $2.5 billion worth of Eurobonds to foreign investors. Analysts claimed that Pakistan’s dollar-denominated Eurobonds have been oversubscribed almost two times after receiving raving response to attractive interest rates from foreign investors, and expect the country to raise additional $2 to $2.5 billi

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