Stocks remain subdued amid thin trade
Business
April 17, 2021
Stocks were barely changed on Friday as investors only made some guarded moves amid security and virus concerns, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index closed 0.17 percent or 75.45 points higher to finish at 45,305.63 points.
Ahsan Mehanti at Arif Habib Corp said stocks closed higher led by oil, fertiliser, and cement sectors in the earnings season rally at PSX as investor weighed surge in global crude oil prices and foreign exchange reserves to $23.2 billion.
He said investors remained concerned over security unrest in the country and IMF conditions regarding hike in taxes and energy tariff, which invited mid-session pressure.
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