Every monsoon season brings painful memories for many residents of the upper-Sindh districts. Kashmore-Kandhkot, a small district, is one of them. If one talks about Pakistan’s super floods in 2010, it reminds the residents of the massive breach in the mighty Indus river in Kashmore that occurred downstream of the Guddu barrage.
Eleven years back the gushing waters of the Indus river breached Tori dyke in the Kandhkot taluka of the district on the night of August 6th, spelling disasters not only for Kashmore but other districts which were located on the right bank of Indus. Devastations caused by the single breach until Aug 27, 2010, when the second breach occurred at Kot Almo, Thatta caused large scale displacements of people from flood-affected districts and riverine areas after floodwaters touched two banks. Deaths and damages to properties were reported.
Index clocks at 47,480 level, volume recorded at 102 million shares
July 14, 2021
Market participation continued to dwindle at KSE-100 index in a range bound session on Tuesday, as looming deadline to submit Capital Gain Tax (CGT) kept investors away from the bourse.
On Tuesday, the index clocked at 47,480 level after posting a meagre 33.41 point gain by the closing bell. The index accelerated to an intraday high of 47,585.18 points and slid to an intraday low of 47,439.89 points, moving within a range of 145.29 points and closing the session in consolidation.
Earlier, trading began on a positive note and the index inched closer to the 47,600-point mark in early hours, however, investors took this as an opportunity to book profit, which interrupted the ascent and dragged the market down.
Fear of fourth Covid wave rattles market
Stocks battered on back of expectations about quarterly financial results, soaring virus cases
KARACHI:
A turbulent week at the Pakistan Stock Exchange (PSX) finally came to an end as lack of triggers and limited investor interest took toll on the benchmark KSE-100 index, which fell 123 points or 0.3% to close the week at 47,563.45 during the week ended July 9, 2021.
Trading kicked off Monday on a bearish note. Political tensions following a rally of the Pakistan Democratic Movement (PDM) in Swat after several months coupled with soaring inflation and failing efforts of the government to control price hike added to concerns of investors.
Market watch: Stocks close in red in absence of triggers tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
KSE-100 index fails to break bearish spell; declines 257 points Foreign investors were net sellers of $6.48 million
July 6, 2021
Stocks extended bearish sentiments from the previous week at KSE-100 on Monday as investors treaded cautiously amid escalating tensions in the neighbouring Afghanistan and resurging Covid -19 in te country. The index posted a 257 points loss by the closing bell to clock at 47,429 level.
On Monday, the trading activity resumed on a negative note, as the Index traded in a range of 366.55 points or 0.77 percent of previous close, showing an intraday high of 47,742.23 and a low of 47,375.68.
Market sentiments were dampened as rising regional instability threatens to be inimical for Pakistan’s security and economic fabric. Sudden withdrawal of US forces from Afghanistan in absence of strategic pull-out raises security concerns for bordering nations as well higher risk of refugee exodus.