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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,105
824hr
Pakistan Cases
1,374,800
7,19524hr
Sindh
526,899
Punjab
464,431
Balochistan
33,941
Islamabad
118,292
KPK
185,340

Failing to sustain its gains, the KSE-100 Index ended the week in the red, losing 490 points and dropping near the 47,500 level.

The index remained under pressure from the start and finished with a drop of 1.02% or 489.72 points to settle at 47,563. On a weekly basis, the benchmark index lost 0.26% of its value.

The drop comes as Minister for Planning, Development, and Special Initiatives Asad Umar, who also heads the National Command and Operation Centre (NCOC), warned of a fourth wave as Covid cases start to rise in the country.

Bulls dominate as KSE-100 gains over 800 points to power past 48,000

Sectors dragging the index included cement (103.14 points), technology and communication (79.33 points), and oil and gas exploration (48.07 points).

Volume on the all-share index increased from 475.23 million shares on Thursday to million 505.9 on Friday. The value of shares traded during the session amounted to Rs15.37 billion, a substantial decrease after it hit Rs21.31 billion on Thursday.

TPL Corp Ltd was the volume leader with 41.97 million shares, followed by Pace (Pak) Ltd with 27.11 million shares, and WorldCall Telecom at 25.78 million shares.

Shares of 406 companies were traded on Friday, of which 159 registered an increase, 237 recorded a fall, while 10 remained unchanged.

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Rameez Jul 09, 2021 06:30pm
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Nadeem Jul 10, 2021 06:26pm
Though good earnings are expecting in coming days but market totally directionless. Recently regulators amended some nccpl regulations in favor of Brokers and Funds but all proved failed in generating volumes in first and second tiers stocks. Relating Covaid cases is totally baseless. Bse sensex performed constantly well even in the COVAID RISES upto 350,000 in a single day in the recent past.
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