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Stocks largely flat as late profit-selling bites

Business
June 4, 2021
Stocks on Thursday ended hardly changed after opening on a strong note as investors rolled up capital gains across the board in an otherwise bullish market, dealers said.
At Pakistan Stock Exchange (PSX), the benchmark KSE-100 Shares Index shed 0.07 percent or 33.37 points to close at 48,093.53 points.
The ready market volumes stood at 889.93 million shares compared with the turnover of 1.04 billion shares in the last trading session.
Topline Securities in its daily market review said range-bound activity prevailed at the bourse.
Higher international oil prices and $200 million credit facility for housing sector proposed by World Bank led the market to open on a positive note and resulted in an intraday high of 307 points, the brokerage said. ....

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Market takes a breather after 2-day rally

Business
March 17, 2021
Stocks ended flat in choppy trade on Tuesday with index oscillating between positive and negative territories throughout the trading session, as investors paused after a rally that continued for two days, dealers said.
An analyst at Pearl Securities said investors were divided over the upcoming PDM strategy to pressurise the government. “Also, the oil and gas sector came under selling pressure due to the decrease in international oil prices. Meanwhile, the rising Covid positivity ratio also triggered profit-taking at higher levels.”
Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.2 percent or 90.47 points to close at 44,857.06 points level. KSE-30 shares index gained 0.31 percent or 58.49 points to close at 18,628.02 points level. ....

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Stocks manage modest gains in choppy trade - Newspaper

Stocks resumed their upward march on Friday with the KSE-100 index eking out net gains of 84.91 points, or 0.18 per cent, to close at 46,227.65. AFP/File
KARACHI: After a correction in the past two sessions, stocks resumed their upward march on Friday with the KSE-100 index eking out net gains of 84.91 points, or 0.18 per cent, to close at 46,227.65.
Trading remained choppy for the entire day where index opened gap up and surged to intraday high by 235 points.
Investors in early trade accumulated stocks on most sectors including cement, pharmaceutical, technology, autos and chemicals. The first half closed in mild green, while profit-booking was the order of the day in the second half which eroded all of the gains and pushing the index to intraday lows. ....

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