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Index clocks at 47,480 level, volume recorded at 102 million shares
July 14, 2021
Market participation continued to dwindle at KSE-100 index in a range bound session on Tuesday, as looming deadline to submit Capital Gain Tax (CGT) kept investors away from the bourse.
On Tuesday, the index clocked at 47,480 level after posting a meagre 33.41 point gain by the closing bell. The index accelerated to an intraday high of 47,585.18 points and slid to an intraday low of 47,439.89 points, moving within a range of 145.29 points and closing the session in consolidation.
Earlier, trading began on a positive note and the index inched closer to the 47,600-point mark in early hours, however, investors took this as an opportunity to book profit, which interrupted the ascent and dragged the market down.
KARACHI: The number of companies that distribute dividends to shareholders dropped from 256 in FY19 to 217 in FY20 and 180 in FY21 on the Pakistan Stock Exchange, according to a brokerage house report.
The sum paid out to investors in dividend amounted to Rs357bn, Rs308bn and Rs381bb (on an ex-date basis) for the above three years, says a report issued by Optimus Capital Management.
The financial results for the last quarter ended Dec 30, 2021 are yet to be unveiled which is likely to raise the dividends for FY21 to a record high.
In terms of dividends paid, FY17 was outstanding with distribution to shareholders amounting to Rs390bn by 243 listed companies, while going by the number of payers, the highest number of 256 companies distributed dividends amounting to Rs357bn in FY19.
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.