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Stocks add 72 points in volatile trading - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
シュローダー・グループのブルーオーチャード、Covid19新興国MSME支援ファンドのセカンドクロージングを2億米ドル超で完了：紀伊民報AGARA agara.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agara.co.jp Daily Mail and Mail on Sunday newspapers.
The Pakistani stocks yielded a mouth-watering return of 38 per cent in the financial year ended June 30, 2021. That was the highest return provided to the investors after 14 years 2013-14 had given a return of 41pc. But it has to be reckoned that over the past five years, the average yearly return dropped to 7pc as in the last three of the five years, the market performed extremely poorly: 2017-18 gave out a negative return of 10pc; 2018-19 a negative return of 19pc and 2019-20 yielded a nominal positive return of 1.53pc. With such a poor base, the 38pc return in 2020-21 is neither strange nor something to jump with joy. ....
In the earlier part of the week, equities remained under pressure as financial institutions took profit for ‘’window dressing’’ at the close of their financial year on June 30. AFP/File KARACHI: Stocks remained volatile in the outgoing week. The KSE-100 index was slightly up by 83 points, or 0.2 per cent, to close at 47,686. The proceedings during the week was the story of two halves. In the earlier part of the week, equities remained under pressure as financial institutions took profit for ‘’window dressing’’ at the close of their financial year on June 30. In the later part of the year, the passage of the Finance Bill 2021 in the National Assembly offered consolation to institutional and individual investors who began fresh new-year buying. During the week, the index moved range-bound between the high and low of 48,080 and 46,900 points. ....
KARACHI: Stocks snapped the three-day winning streak on Friday after the KSE-100 index accumulated 808 points from 47,007 and crossed intraday the resistance of 48,000. Profit booking by investors mainly in the power, banks, E&P, cement and investment banking sectors pulled back the index. Intraday the index oscillated between the high and low of 279 and 163 points. The benchmark concluded in the red to relinquish 114 points, or 0.24 per cent, at 47,686. Head of Research at Spectrum Securities Abdul Azeem said that institutional buying in blue-chips could help index renew its climb. He said that activity was mainly concentrated in side-board items. The figures released by the National Clearing Company of Pakistan showed that insurance companies were major sellers of stocks worth $4.33m. ....