• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Business Markets

Bear Insecurity Edges Out Bull Tenacity

top3 by top3
July 31, 2012
in Markets
0
Bear insecurity edges out bull tenacity

Bear insecurity edges out bull tenacity

0
SHARES
7
VIEWS
Share on FacebookShare on Twitter
Bear insecurity edges out bull tenacity

KARACHI – On Monday the Karachi share market shed 15 points on the back of, what the market observers viewed as investors’ concern for uncertain macroeconomic and a poor law and order situation in the city in the wake of country wide protests against power outrages.

First working day of the week saw share trading at the Karachi Stock Exchange (KSE) remained thin despite strong corporate earnings outlook and recovery in global stocks and commodities. “(The) stocks closed lower on investors’ concerns for uncertain macroeconomic situation and security concerns in the city on country wide protests for power outrages,” said Ahsan Mehanti, a senior stocks analyst and director at Arif Habib Securities. The benchmark 100-share index slid by 14.87 points or 0.10 percent to close at 14,511.54 points against Friday’s 14,526.41. The intraday high and low stood, respectively, at 14,560.01 and 14,492.73 points.

“Concerns for rising circular debt in the country’s energy sector, revenue loss to fertilizer sector on gas supply worries and pending Capital Gains Tax (CGT) collection issues played a catalyst role in bearish sentiment at KSE,” Mehanti said. The trading turnover marked improvement to stand at 81.83 million shares compared to 58.33 million of the previous trading session. In value terms, too, the share trading set in green zone and rose to Rs 3.15 billion from Rs 2.11 billion of the previous day. The market capitalization ended up in negative and shrank to Rs 3.707 trillion as against Rs 3.708 trillion of last week.

The free-float KSE-30 index also closed lower at 12,567.47 points against the previous 12,581.70 points, loosing 14.23 points. Bank Alfalah appeared as a volume leader by counting its traded shares at 19.440 million each priced at Rs 18.06 in the opening and Rs 18.89 in closing. Other nine well-performing scrips included DG Khan Cement, Lucky Cement, Maple Leaf Cement, Arif Habib Corp, Jahangir Siddiqui Company, Fatima Fertilizer, PTCL, Engro Foods and Nishat Mills Limited. In future contracts, the trading volumes nosedived to 7.6 million from 19.4 million of the previous session.-Paskitantoday

Tags: bear insecurity edgesKarachi Stock Exchangeksepower crisis
Previous Post

US church in race row for refusing to wed black couple

Next Post

Rihanna Enjoys ‘Wild Night’ With Rapper

top3

top3

Related Posts

Pfizer, AstraZeneca vaccine one dose cuts household spread 50%: study
Markets

Pfizer, AstraZeneca vaccine one dose cuts household spread 50%: study

by Top
July 14, 2021
Russian Vaccine gets Emergency use Authorisation
Markets

Pakistan Among First Countries to Market Coronavirus Vaccine Shots Privately

by Top
February 15, 2021
Pakistan Inflation at Lowest Level in two Years
Markets

Pakistan Inflation at Lowest Level in two Years

by Top
February 2, 2021
Experts hope for a Reset in US-Pakistan Ties
Markets

Experts hope for a Reset in US-Pakistan Ties

by Top
January 13, 2021
Oil Crisis Probe calls for Disbanding Ogra
Markets

Oil Crisis Probe calls for Disbanding Ogra

by Top
December 15, 2020
Cabinet set to Take ‘policy decision’ on Ties with France
Markets

Cabinet set to Take ‘policy decision’ on Ties with France

by Top
November 30, 2020
UAE Visa Suspension Related to Covid: FO
Markets

Fears of Pakistan Losing Job Market to India grow after UAE Visa Ban

by Top
November 26, 2020
Next Post
Rihanna Enjoys ‘Wild Night’ With Rapper

Rihanna Enjoys ‘Wild Night’ With Rapper

Popular Stories

  • Technology In Education System

    Role Of Technology In Education System

    0 shares
    Share 0 Tweet 0
  • 9 Exotic Cat Breeds You May Have Never Seen Before

    0 shares
    Share 0 Tweet 0
  • Pakistani rupee slips further against the US dollar

    0 shares
    Share 0 Tweet 0
  • 10 Pakistani Actress Plastic Surgery Before And After

    0 shares
    Share 0 Tweet 0
  • Pamela Anderson gets back into her Baywatch colour

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan
  • Pakistani rupee slips further against the US dollar

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In