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KSE-100: Stocks extend gains on upbeat economic projections; index up 203 points


KSE-100: Stocks extend gains on upbeat economic projections; index up 203 points
May 26, 2021
Bullish momentum continued at Pakistan Stock Exchange (PSX) as stocks extended gains for the third consecutive session on Tuesday, as investors’ sentiments remained upbeat on positive economic indicators.
On Tuesday, the benchmark KSE-100 index clocked at 46,300 index level after gaining about 203 points by the closing bell, as the Index remained positive throughout the session touching an intraday high of 46,371.69 and a low of 46,047.66.
Investors anticipating tax incentives for the industries in the upcoming budget helped the KSE-100 index boost market sentiments, as investors react to the news that the government may be formulating a populist budget proposal to keep the personal income taxes and power tariffs unchanged. ....

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KSE-100: Upbeat sentiments on revised-up GDP growth projections lifts index by 182 points


KSE-100: Upbeat sentiments on revised-up GDP growth projections lifts index by 182 points
May 25, 2021
Bullish momentum continued at Pakistan Stock Exchange (PSX) in the first session of the week following a positive momentum build-up on Friday, as investors continued to cheer the revised-up GDP growth projections and expectations of a people friendly- populist budget.
On Monday, the benchmark KSE-100 index closed above 46,000 index level after gaining about 182 points by the closing bell, as the Index remained positive throughout the session touching an intraday high of 46,314.39.
Market participants closely followed the political developments, and cheered resolution of disputes between the members of the ruling party. ....

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KSE-100: Covid lockdown fears, roll-over week keeps sentiments in check; index loses 233 points


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. ....

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