PAKISTAN:
It was a restless day on the Pakistan Stock Exchange (PSX) on Wednesday, while the reference KSE-100 index moved in both directions before finishing the almost flat session.
The market opened its doors on a solid note, affecting an intra-day summit of 166,522.61 points. However, confidence has remained fragile and the gains were short -lived following news circulating that the Asian Development Bank (AfDB) maintained the growth forecasts of Pakistan unchanged at 3% and reported delays in the reforms, while new disclosure at the IMF approximately a stroke of $ 1 billion for exports of the floods added to the concerns.
Read: In Stellar Run, PSX climbs to a new summit
Despite the government, which provides for a lower current account deficit and commissioning on higher funds, the prudent tone of both lenders was sufficient to mitigate market enthusiasm. Consequently, investors opted for taking advantage, dragging the index to a hollow of 164,155.32.
Despite volatility, the scholarship managed to recover land at the end, ending at 165,640.34, in a flat state with a slight gain of only 0.09%, or 146.75 points.
Ktrade Securities noted that the KSE-100 index closed at 165,640.34, winning 146.75 points (+ 0.09%). The momentum came from banking, fertilizer and energy names, while certain pressure remained in other key sectors.
Find out more: KSE-100 touches the record because investors react to the optimism of the IMF
Overall, the volume of exchanges increased to 1.63 billion shares, against the total of 1.34 billion on Tuesday. The stock values fell to 69.6 billion rupees compared to the figure of Tuesday of 76.7 billion rupees.
The actions of 486 companies have been negotiated. Among these, 173 closed above, 287 fell and 26 remained unchanged. K-Electric was the winner of the volume with 299.7 million shares, winning RS0,39 to end at Rs7,34.
The early optimism of the session was powered by a positive feeling in certain first -rate actions, but with the index oscillating near the record levels, many investors have chosen to reserve profits. This sales pressure won over fresh purchases in the second half, keeping the overall dynamic.
Market management was not clear
The lateral closure reflects the growing warning of investors in an uncertainty about interest rate policy, income from future companies and macroeconomic indicators. Although the underlying feeling remains carefully optimistic, additional consolidation can be on the cards unless a new trigger emerges.
The volumes remained decent, but the undecided trend suggests that participants expect lighter signals before making aggressive movements.
