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PSX rout persists as lockdown spurs slowdown fears Business April 24, 2021 Stocks eroded further on Friday owing to worries that rigorous anti-Covid measures, which seem highly likely, might reverse the economic recovery in the short-term, dealers said. KSE-100 Shares Index, the benchmark of Pakistan Stock Exchange, lost 0.5 percent or 222.85 points to close at 44,706.76 points. “Pressure in market can largely be attributed to NCC (National Coordination Committee) meeting, as investors anticipate further tough measures to curb rising Covid cases will be implemented, which might hamper business activity,” Topline Securities said in a note. However, the brokerage added that some recovery was observed in latter hours of trade, as investor’s factored in the government’s softer stance on a full-scale lockdown. ....
PSX rout persists as lockdown spurs slowdown fears thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
PSX rout persists as lockdown spurs slowdown fears thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks extend losses as full lockdowns feared Business April 23, 2021 Stocks sank deeper on Thursday with energy and cyclical getting most of the beating as the country mulls complete virus lockdown in urban centers, dealers said. Benchmark KSE-100 Shares Index gave up 0.83 percent or 376.93 points to close at 44,929.61 points at Pakistan Stock Exchange (PSX). Volumes slipped to 328.93 million shares from 387.908 million on Wednesday. A A H Soomro at KASB Securities said stocks extended the fall with selling seen across the board as fears of possible coronavirus-related lockdowns in Pakistanâs biggest cities, as hinted by NCOC (National Command and Operation Centre) chairman Asad Umar, cast doubts on prospects of economic recovery. ....