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PSX plateau persists on virus, regional risks July 15, 2021 Stocks continued to crawl along the flatline on Wednesday as smart Covid lockdowns and geopolitical risks muted earningsâ excitement, traders said. Pakistan Stock Exchange s (PSX) KSE-100 Share Index gained just 10.97 points or 0.02 percent to close at 47,491.47 points, touching an intraday high of 47,595.72 points and a low of 47,443.88 points. Muhammad Arbash, analyst at Topline Securities, said, investor interest was witnessed in textile sector, where NML, NCL, GATM, and GADT emerged as major gainers; however, on the flip side TRG dented the index most (32 points). Analysts said even earnings could not trigger the session. ....
Stocks gain as earnings rally resumes Business January 30, 2021 Stocks ended higher as the result rally resumed on Friday mostly driven by technology, cement, and banks, amid rebounding word oil and equities, dealers said on Friday. Pakistan Stock Exchange s (PSX) benchmark KSE-100 shares index lost gained 0.48 percent or 219.49 points to close at 46,385.54 points. Volumes were flat at 840.296 million shares, compared with 844.002 million on Thursday. KSE-30 also inched up 0.31 percent or 59.74 points to end at 19,318.85 points. Topline Securities in its daily market review said the stocks ended on a positive note on the last trading day of the week. Major contribution to the index came from TRG, DGKC, DAWH, INIL, and PAKT, as they cumulatively contributed 157 points to the index, the brokerage said. ....
PSX edges up with energy shares Business December 12, 2020 Stocks edged up on Friday as higher oil prices lifted energy shares in a noncommittal market faced with political standoff between the government and opposition alliance, dealers said. “Positive momentum was observed at the exchange led by the E&P sector on the back of increase in crude oil prices, as the index heavy weight E&P sector gained 2.5 percent on day-to-day basis,” brokerage Topline Securities said in a post market note. Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.39 percent or 164.56 points to close at 42,470.40 points level. KSE-30 shares index followed suit with a high of 0.33 percent or 58.32 points to end at 17,730.15 points level. ....
Stocks remain stuck in range; border tensions bite Business December 11, 2020 Stocks on Thursday continued to hover within the ‘minimum risk zone’ with selective buying seen in oil, gas, and food as COVID-wary investors found themselves worrying over national security after tensions erupted on Pakistan-India border, dealers said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index gained 0.24 percent or 101.81 points to close at 42,305.84 points. Volumes increased to 472.363 million shares, as compared to 438.146 million on Wednesday. KSE-30 lost 0.11 percent or 19.43 points to end at 17,671.83 points level. Topline Securities in its daily market review said after a sideways opening, market remained positive through the day making an intraday high of 237 points. ....