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Daily Times July 1, 2021 Pakistan Stock Exchange (PSX) concluded fiscal year 2021 on wednesday, posting a 37 per cent return as compared to a paltry 1.5% in FY20. The index closed at 47,356 by gaining a mammoth 12,934 points during the fiscal year as against a minor gain of 520 points in FY20. However, on a monthly basis, the index posted a return of 0.5% in June’21. On Wednesday, however, the trading activity remained cautious in a range bound session as balancing of portfolio positions by institutional investors continued on the last day of the fiscal year 21. The trading kicked off on an upbeat note right after the opening bell, however, the earlier gains were pared briefly in the afternoon before strong investor sentiment triggered cherry-picking, which continued for the rest of the day, helping the market post moderate gains. ....
KSE-100 index jumps 135 points despite Year-end sale by Insurance companies June 30, 2021 Pakistan Stock Exchange (PSX) witnessed a topsy-turvy trading session on Tuesday,as heavy selling pressure by Insurance Companies shadowed budget-approval optimism at the market. On Tuesday, the index began the session on a positive note right after the opening bell and crossed the 47,500-point mark briefly after gaining over 500 points. However, failing to sustain the momentum, the index reversed its trajectory and pared earlier gains to touch intra-day low of 46,986.47 level. The Index traded in a range of 522.35 points or 1.11 percent of previous close before settling at 47,137.77 level, posting at 135 points gain. ....
KSE-100: Roll-over week spoiler, Budget uncertainty weighs on index 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.
Business January 29, 2021 Stock gave up gains on Thursday as wobbly oil and equities around the world spurred profit-selling in overbought heavyweights, interrupting the result season rally for now, dealers said. KSE-100 shares index, the benchmark of Pakistan Stock Exchange (PSX), shed 0.63 percent or 292.08 points to end at 46,166.05 points. Volumes ballooned to 844.002 million shares, from 610.940 million on Wednesday. KSE-30 shares index suffered a loss of 0.57 percent or 111.16 points to end at 19,259.11 points. Salman Ahmad, head of institutional sales at Aba Ali Habib Securities said the selling was due owing to the rollover period; however, positivity centered on the earnings announcements was likely to keep any big correction at bay. ....