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PSX down ahead of MSCI decision

PSX down ahead of MSCI decision
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PSX sees shortened, lacklustre week - Newspaper


A Pakistani stockbroker looks at share prices on a computer monitor during a trading session at the Pakistan Stock Exchange (PSX) in Karachi. AFP/File
KARACHI: The short two-day working week (Monday and Friday) due to Eidul Azha was eventless at the stock market. Participation remained low and ended in muted gains of 39 points on Monday and an equally tiny loss of 80 points on Friday. With net 41 points decline, the KSE-100 Index closed at 47,793.
Calculations by brokerage Arif Habib Limited showed that cements scrips were badly beaten, due mainly to the increase in international coal prices. Sector-wise cements took away 49 points from the index, followed by 19-points slump in food and personal care; 14 points in refineries; 12 points in technology and communication and 11 points in the textile composite. Scrip-wise major losers were noted in TRG (30 points), ENGRO (25 points), PSO (14 points), Lucky (12 points), and HBL (11 points). Scrip-wise, major gainers were SN ....

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PSX lacks trading interest amid Covid, weak rupee - Newspaper


Pakistani stockbrokers watch the latest share prices on a digital board during a trading session at the Karachi Stock Exchange (KSE). Dawn/File
KARACHI: Stock market remained subdued on the first trading day after a three-day holiday. With the weekend ahead and nothing to cheer, investors thought it wiser to wait until the market opens next week.
The KSE-100 index remained range-bound, moving between the intraday high and low by 73 and 187 points before finishing off Friday’s second session at a loss of 80.10 points, or 0.17 per cent, at 47,793.
Investors mood was spoiled with the slide of the rupee in interbank market; the spike in the coronavirus cases in Sindh that prompted the provincial government to clamp down restrictions from Monday, with a ban on indoor and outdoor dining at restaurants; limiting market opening timings; closing down of educational institutional; ban on holding marriage functions and others. ....

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