Market watch: Stocks finish prosaic as connectivity issues resurface
KARACHI: The batch marketplace sealed marginally in a red on Monday notwithstanding rising wanton oil prices as technical issues during a sell overshadowed other factors.
Turnover remained dismally low during a day and oil scrutiny and prolongation companies were a usually ones to finish in a green.
At close, a benchmark KSE 100-share Index purebred a diminution of 33.23 points or 0.08% to settle during 41,030.77.
According to Elixir Securities, Pakistan equities limped to a flattish tighten after activity in a wider marketplace was injured by connectivity issues faced by a exchange.
Market watch: KSE-100 powers past 41,000 notwithstanding Sharif’s justice appearance
“Stocks non-stop and traded in a slight operation on a gloomy note with turnover on a KSE All-Share Index station next $45 million for a whole day,” Elixir said.
Exploration and prolongation was a usually zone that changed aloft and contributed certain points to a KSE-100 index as participants tracked weekend events in Saudi Arabia where a care attempted a high-profile crime inform that pushed adult tellurian wanton prices.
“We see range-bound trade with a KSE-100 index consolidating gains nearby 41,000, while institutional flows essentially from foreigners will sojourn critical in environment a tinge of a wider marketplace in a days ahead,” a news added.
Overall, trade volumes fell to 75.4 million shares compared with Friday’s total of 115.4 million.
Market watch: Stocks event as investors destroy to lift bullish momentum
Shares of 343 companies were traded. At a finish of a day, 95 bonds sealed higher, 233 declined while 15 remained unchanged. The value of shares traded during a day was Rs4.5 billion.
Pakistan Telecommunication Company was a volume personality with 5.5 million shares, losing Rs0.23 to tighten during Rs13.02. It was followed by K-Electric with 4.7 million shares, losing Rs0.10 to tighten during Rs5.47 and Sui Southern Gas Company with 4.69 million shares, gaining Rs0.99 to tighten during Rs33.94.
Article source: https://tribune.com.pk/story/1551364/2-market-watch-stocks-end-flat-connectivity-issues-resurface/