KSE-100: stocks stage recovery as index climbs by 136 points Index clocks at 47,628 level; volume recorded at 191.69 million shares
July 16, 2021
Market participation by retail investors ended their dry spell on Thursday which lifted benchmark kse-100 index to climb past 47,600 level after posting about 136 points gain by the closing bell.
On Thursday, the trading kicked off on an optimistic note right after the opening bell as the index climbed steadily for most part of the day and touched intraday high of 47,736.13. However, the market came under selling pressure in final hours, which pared some of the gains.
Market sentiments were primarily driven by the rumors of Oil discovery in Waziristan, which directed major capital to index heavyweight Oil & Gas Development Company Limited (OGDCL), said Irfan Saeed, Senior Vice President BMA Capital Management Limited.
Post-budget investors' excitement lifts KSE-100 index by 421 points 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.
KSE-100: Covid lockdown fears, roll-over week keeps sentiments in check; index loses 233 points Equities Correspondent
Stocks continue to lose ground at Pakistan Stock Exchange (PSX) as rising covid-19 cases in the country have stoked fears of complete lockdown.
On Wednesday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,588.94 level, but reversing its trajectory the index also touched intra-day low at 45,020.83 level. However, the index clocked at 45,059.12 level by the closing bell after posting a 233.75 points loss
During the session the investors booked profit owing to the recent surge in the stock price as a result of strong earnings season. Moreover, investors also offloaded equities, earlier bought at attractive rates owing to roll-over week.
Business
April 29, 2021
KARACHI: National Bank of Pakistan (NBP) net profit increased to Rs7.708 billion during the quarter ended March 31, 2021, up 87 percent from Rs411.8 billion during the same quarter last year, a bourse filing said on Wednesday.
The EPS clocked in at Rs3.62 during Q1 2021 compared with Rs1.94 during the same quarter in 2020.
“The bank has delivered strong financial results, demonstrating resilience of its business model and efforts of its workforce in serving the nation and working with the government towards swift economic recovery in the country,” the notice said.
Given the significant drop in the policy rate as compared to the same period last year, gross mark-up/interest income was Rs48.5 billion being 33.2 percent lower, YoY, while interest/mark-up expense of the bank dropped by 52.0 percent at Rs26.9 billion.
KSE-100: Covid lockdown fears, roll-over week keeps sentiments in check; index loses 233 points 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.