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Stocks falter as lockdown fears loom KSE-100 index decreases 445 points amid growing cases of coronavirus KARACHI: The outgoing futures rollover week at the Pakistan Stock Exchange (PSX) was marred by bearish trade as the KSE-100 index shed 445 points or 1% to settle at 44,262.35 points amid growing fears of lockdown as warned by the National Command Operation Centre (NCOC) in the wake of rising coronavirus cases. During the week, trading remained under pressure on back of concerns regarding rising coronavirus infections, news flows citing stricter lockdowns and government’s decision to reduce business timings. A sharp rise in fatalities in Pakistan and neighbouring countries forced the government to take action in order to curb the spread of Covid-19, which did not bode well with the participants and prompted them to divest their stakes. ....
Stocks extend losses as investors play safe Business April 29, 2021 Stocks gave up more gains on Wednesday with energy and financials becoming investorsâ whipping boys as the pandemic shows no letup, dealers said. Pakistan Stock Exchangeâs (PSX) KSE-100 Shares Index lost 0.52 percent or 233.75 points to close at 45,059.12 points, while trade volumes receded to 305.7 million shares from 366.8 million on Tuesday. Topline Securities in a note said earlier the kick off was on a positive note where the market made an intraday high of 296 points. However, the bourse didnât sustain the positivity and lost 272 points in te second half after ECC (Economic Coordination Committee) of the cabinet deferred the summary till next meeting on 40 percent payments to IPPs (Independent power producers), it said. ....
Stocks extend losses as investors play safe thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks extend losses as investors play safe thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Market watch: Stocks extend losses amid lack of triggers Benchmark KSE-100 index falls 233.75 points to close at 45,059.12 Overall trading volumes dropped to 305.8 million shares compared with Tuesday’s tally of 366.8 million. PHOTO: FILE KARACHI: The stock market extended its fall on Wednesday in the absence of positive cues, though the pace of decline slowed down from the previous day. In the morning, the benchmark KSE-100 index opened in the green, however, as an uneasy calm prevailed in the market, the index succumbed to selling pressure from exploration and production, bank and cement sectors. A lack of positive triggers kept investors cautious throughout the trading session. ....