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KSE-100: Rising Covid cases stokes stricter lockdown fears as index losses deepen

KSE-100: Rising Covid cases stokes stricter lockdown fears as index losses deepen
April 24, 2021
Stocks continued their descent and extended losses for the third consecutive day at Pakistan Stock Exchange (PSX), as rising fears over stricter lockdown measures restrained the index.
On Friday, the benchmark kse-100 dipped to intra-day low of 566 points to touch 44,363.40 level, however, mid-session the index pared some of the losses.
During the session the market was gripped with fears of rising Covid cases and expected stricter lockdown measures in the NCOC meeting, after the Federal Minister for Planning and Development and the Chief of the National Command and Operation Centre (NCOC) Asad Umar earlier this week issued a warning and said that if that if coronavirus situation worsens in the country, the government will be compelled to impose more restrictions. ....

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KSE-100: Stocks stage recovery amid signs of political stability

KSE-100: Stocks stage recovery amid signs of political stability
April 21, 2021
Bears ceded ground to bulls at the Pakistan Stock Exchange (PSX) on Tuesday, as investors reacted to successful negotiation between the government and the protesting Tehreek e Labaik Pakistan, which sent signs of stability.
On the second trading session of the week, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,558.13 level after gaining 644.56 points. However, paring some early gains the index clocked at 45,399.78 level by the closing bell after posting a 486.21 points gain.
The sentiments were also lifted following the announcement of rollover of $2 billion from United Arab Emirates (UAE) and an 8% MoM increase in FDI in the month of March further fuelled the investors’ sentiments. ....

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