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Stocks largely flat as late profit-selling bites

Business
June 4, 2021
Stocks on Thursday ended hardly changed after opening on a strong note as investors rolled up capital gains across the board in an otherwise bullish market, dealers said.
At Pakistan Stock Exchange (PSX), the benchmark KSE-100 Shares Index shed 0.07 percent or 33.37 points to close at 48,093.53 points.
The ready market volumes stood at 889.93 million shares compared with the turnover of 1.04 billion shares in the last trading session.
Topline Securities in its daily market review said range-bound activity prevailed at the bourse.
Higher international oil prices and $200 million credit facility for housing sector proposed by World Bank led the market to open on a positive note and resulted in an intraday high of 307 points, the brokerage said. ....

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KSE-100: Stocks close flat in range bound session

KSE-100: Stocks close flat in range bound session
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

United States , Shaukat Fayyaz Ahmed Tarin , Engro Corporation , Capital Investment Bank , First National Equities , Pakistan State Oil , Oil Gas Exploration Companies , Oil Gas Marketing Companies , Pakistan Stock Exchange , Searl Company , Bank Al Habib , International Industries , Technology Communication , Lucky Cement , Unity Foods , Millat Tractors , World Bank Country , World Bank , Meezan Bank , Texas Intermediate , World Bank Country Director Najy Benhassine , Federal Minister , Revenue Shaukat Fayyaz Ahmed Tarin , Independent Power Producers , Market Capital , World Call ,

Market watch: KSE-100 sheds 33 points in range-bound session

Benchmark index declines 0.07% to close at 48,093.53 ....

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Stocks add 262 points on economic optimism - Newspaper

KARACHI: The stock market continued northward drive on the first day of Ramazan as the benchmark KSE-100 index added 262.65 points, or 0.58 per cent, to overnight gains closing at 45,311.22 on Wednesday.
The investor optimism was triggered by the positive numbers including the 7.45pc growth in large-scale manufacturing during the first eight months of the current fiscal year and 34pc jump in private sector’s borrowings from banks in 9MFY21 despite Covid-19 challenges suggesting the economic activities are picking up momentum.
Also, according to Arif Habib Ltd (AHL), the proximity to announcement of quarterly corporate results made investors take a positive view on the market. Buying activity was observed in cyclical sectors such as autos, cement and steel. ....

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Stocks gain as economy shows green shoots

Stocks gain as economy shows green shoots
Business
Stocks on Wednesday pressed ahead counting on upbeat economic numbers amid robust corporate earnings hopes, dealers said.
Pakistan stock exchange (PSX) KSE-100 shares index gained 0.58 percent or 262.65 points to close at 45,311.22 points. Volumes reduced to 341.88 million shares from 473.433 million in the last trading session.
Topline Securities in a note said encouraging large-scale manufacturing and auto sales numbers and decline in Pakistan Investment Bonds cutoff yields garnered investors interest, which led the market to make an intraday high of 298 points.
TRG, FFC and HBL emerged as the major contributors by cumulatively adding 69 points to index, the brokerage said. ....

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