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KSE-100: Covid lockdown fear extends losses; index plunges 376 points April 23, 2021 Stocks extended their losses for the second day at Pakistan Stock Exchange (PSX) on Thursday, as rising fear over fresh rounds of Covid lockdown restrained the index. On Thursday , the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,496.82 level after gaining 190.28 points. However, paring early gains the index reversed its trajectory and clocked at 45,929.61 index level by the closing bell after posting a 376.93 points loss. During the session the market was gripped with fears of rising Covid cases, after the Federal Minister for Planning and Development and the Chief of the National Command and Operation Centre (NCOC) Asad Umar on issued a warning and said that if the coronavirus situation continues to worsen in the country, the government will be compelled to impose more restrictions, which dampened investors’ confidence. ....
Stocks to find footing on earnings bets Business April 18, 2021 Security and virus angst kept stocks on a tight leash in the outgoing week; however investors are betting on an earnings season rally in the days ahead, dealers said. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Shares Index closed 0.26 percent or 119.15 points higher over the last week to close at 45,305.63 points. An analyst at Arif Habib Limited said this week trading commenced on a negative note amidst the ongoing third wave of Covid-19 and threat of lockdown. “However, bulls took charge as positive sentiments were fueled by slowdown in infection ratio and 3.6 percent increase in international oil prices resulting in buying across heavyweights,” the analyst said. ....
KSE-100 index falls flat in directionless trade 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.
Stocks flat on virus fears, political unrest Business April 14, 2021 KARACHI: Stocks on Tuesday flatlined in a range-bound trade as investors played safe given the rising Covid infections and a brewing political unrest, dealers said. Pakistan Stock Exchange’s (PSX) KSE-100 Shares Index gained 0.16 percent or 70.52 points to close at 45,048.57 points. KSE-30 shares index shed 0.03 percent or 6.45 points to close at 18,436.44 points. An analyst at Pearl Securities said the benchmark index witnessed squiggly movement amid a political rift from a religious party representative while Covid continued to strike as Pakistan registered 4,318 new cases and 118 people lost their battle against the lethal virus. ....
KSE-100: Stocks stay flat amid absence of triggers April 14, 2021 Stocks failed to figure out a direction on Tuesday, as absence of triggers and Covid-19 fears continue to weigh on market sentiments. On Tuesday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,133.41 level after gaining 155.36 points. However, paring earlier gains, the index reversed its trajectory and touched intra-day low at 44,780.06 level after losing 197.99 level. By the closing bell the benchmark index gained, merely 70.52 points to clock at 45,048.57 level. During the session the market cheered strong inflows from overseas Pakistani in the form of remittances which exceeded $2 billion for the10th consecutive month in March and clocked at $2.7 billion – up 43 per cent from a year earlier, the State Bank of Pakistan (SBP). ....