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KSE-100 index jumps 135 points despite Year-end sale by Insurance companies

KSE-100 index jumps 135 points despite Year-end sale by Insurance companies
June 30, 2021
Pakistan Stock Exchange (PSX) witnessed a topsy-turvy trading session on Tuesday,as heavy selling pressure by Insurance Companies shadowed budget-approval optimism at the market.
On Tuesday, the index began the session on a positive note right after the opening bell and crossed the 47,500-point mark briefly after gaining over 500 points. However, failing to sustain the momentum, the index reversed its trajectory and pared earlier gains to touch intra-day low of 46,986.47 level.
The Index traded in a range of 522.35 points or 1.11 percent of previous close before settling at 47,137.77 level, posting at 135 points gain. ....

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KSE-100: Roll-over week spoiler, Budget uncertainty weighs on index

KSE-100: Roll-over week spoiler, Budget uncertainty weighs on index
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Stocks down as profit-selling disrupts result rally

Business
January 29, 2021
Stock gave up gains on Thursday as wobbly oil and equities around the world spurred profit-selling in overbought heavyweights, interrupting the result season rally for now, dealers said.
KSE-100 shares index, the benchmark of Pakistan Stock Exchange (PSX), shed 0.63 percent or 292.08 points to end at 46,166.05 points. Volumes ballooned to 844.002 million shares, from 610.940 million on Wednesday. KSE-30 shares index suffered a loss of 0.57 percent or 111.16 points to end at 19,259.11 points.
Salman Ahmad, head of institutional sales at Aba Ali Habib Securities said the selling was due owing to the rollover period; however, positivity centered on the earnings announcements was likely to keep any big correction at bay. ....

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