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KARACHI: The stock market remained under pressure for the second day in a row on Wednesday as investors continued offloading their positions amid lack of positive triggers with the result the benchmark KSE 100-index lost 233.75 points, or 0.52 per cent, to close at 45,059.12 points. Topline Securities Ltd noted in its market report that the trading began on a positive note and the index made an intraday high of 296 points. However, the market didn’t sustain the positivity as the second half witnessed a low of 272 points after ECC deferred summary till next meeting on 40pc payments to independent power producers (IPPs). ....
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.