Islamabad, Feb 19 (TNS):
Pakistan Stock Exchange closes flattish as benchmark pares 54 focuses The Pakistan Stock Exchange (PSX) on Monday shut nearly flattish, with the benchmark KSE-100 Index shedding 54 focuses to close at 43,573 focuses.
The index had demonstrated some positive movement amid the principal half of the session, however offering weight switched all additions in the second half. The list hit a day’s high of 43,945 focuses amid the initial couple of hours. It hit a day’s low of 43,512 focuses close to the finish of the session.
Taking all things together, just 126.7 million offers worth Rs5.1 billion changed hands amid the session. Of the 359 exchanged scrips, 140 progressed, 193 declined and 26 stayed unaltered. After a promising begin, the record had demonstrated some unpredictability because of offering weight, an Elixir Securities’ report said. “The market effortlessly lost ground subsequent to offering weight exacerbated by virtue of sizable position in future contracts of Rs10.9bn requiring settlement before the current week’s over,” the report read. Speculators did not pay notice to the $0.60 ascend in WTI oil costs, which have touched per barrel.
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Resultantly, the market shut lower,” it included. As indicated by the report, speculators were additionally careful in front of the Financial Action Task Force’s (FATF) enter meeting in Paris as the US and a couple of European nations intend to table a movement to return Pakistan on a watch-list that will affect its key banks.
