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Stocks fall below 48,000 amid lack of triggers - Newspaper

Stocks fall below 48,000 amid lack of triggers - Newspaper
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Stocks fall 390 points as lockdown fears return - Newspaper


KARACHI: Fears of lockdown return shook up investor confidence on Tuesday as the benchmark KSE 100-share index lost 389.90 points, or 0.85 per cent, to close at 45,292.87.
After opening in the green, the market witnessed a profit-taking spree in the midday following better than expected corporate earning announcements which took the index to hit intraday low at 45,170.
Topline Securities Ltd in its report said fears of Covid-related lockdown came to haunt the market again as the Sindh government decided to ban inter-city transport and close educational institutions while the ongoing futures roll-over week added extra pressure.
The major laggards were OGDC, PPL, Engro, POL and PSO that cumulatively dented the benchmark index by 261 points. ....

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Market watch: KSE-100 breaches 45,000-point mark


Market watch: KSE-100 breaches 45,000-point mark
Benchmark index gains 445.12 points to close at 45,186.48
KARACHI:
The stock market continued its recovery on Friday with the benchmark KSE-100 index recouping another 445 points on last trading day of the week as positive macros once again helped the index surpass the 45,000-point mark.
A surge in foreign exchange reserves, which rose above $16 billion on Thursday with the receipt of $2.5 billion via Eurobond issue, played the role of a catalyst in the bullish close at the Pakistan Stock Exchange.
Last week, Pakistan entered the international capital market after a gap of over three years by successfully raising $2.5 billion through a multi-tranche transaction of 5-, 10- and 30-year Eurobonds. ....

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Market watch: KSE-100 skyrockets on earnings optimism


Market watch: KSE-100 skyrockets on earnings optimism
Benchmark index soars 787.78 points to close at 44,741.36
KARACHI:
The Pakistan Stock Exchange (PSX) staged a rebound on Thursday and went north because of overall optimism in the wake of upcoming corporate earnings season.
Investor expectations about strong quarterly financial results and subsiding political uncertainty left a positive impact on activity at the bourse.
Cement and steel stocks were in the limelight during the trading session and both sectors managed to close the session entirely in the positive zone.
Earlier, trading began on a positive note and the KSE-100 index remained on the uptrend throughout the session. A buying spree, emerging in final hours, elevated the gains. ....

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