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Stocks remain on ropes as economic uncertainty deepens


Stocks remain on ropes as economic uncertainty deepens
Business
April 30, 2021
Capital market rout prevailed amid volatile trade as investors continued to pull out, bracing for further tightening of economic activities owing to worsening virus situation, dealers said.
Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index shed 0.44 percent or 196.01 points to close at 44,863.11 points, while volumes shrank to 280.67 million shares from 305.7 million on Wednesday.
Brokerage Topline Securities in a note said after a slight positive opening the market traded sideways in thin volume, making an intraday low of 278 points.
Investors were concerned about rising Covid-19 cases and rise in smart lockdowns following a meeting of NCOC (National Command Operation Center), it added. ....

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Market watch: Stocks extend losses amid lack of triggers


Market watch: Stocks extend losses amid lack of triggers
Benchmark KSE-100 index falls 233.75 points to close at 45,059.12
Overall trading volumes dropped to 305.8 million shares compared with Tuesday’s tally of 366.8 million. PHOTO: FILE
KARACHI:
The stock market extended its fall on Wednesday in the absence of positive cues, though the pace of decline slowed down from the previous day.
In the morning, the benchmark KSE-100 index opened in the green, however, as an uneasy calm prevailed in the market, the index succumbed to selling pressure from exploration and production, bank and cement sectors. A lack of positive triggers kept investors cautious throughout the trading session. ....

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