The withdrawn tax incentive for new listings was a small enticement with no significant revenue impact
KSE-100 index gains 97 points (0.22 per cent) to close at 44,587.85.
A sum of Rs192 billion was washed away from market capitalisation.
Four groups together have within their folds as many as 23 listed companies with an aggregate market value of Rs1.55tr.
Analysts say rising Covid-19 positivity rates across major cities also played a role in weighing down investor sentiment.
The index has climbed 2,671 points (6.24pc) during the last four days, the highest four-day increase since April 2020.
Index settles in the green at 44,766.59 after investors "shrugged off concerns of higher inflation and political noise".
The entry of the bull last Friday was as dramatic as the earlier unexpected prowl of the bear.
KARACHI: A repeat of the previous week’s same day carnage was witnessed at the stock market on Thursday where the...
"We think that the market is near its bottom [and] advise cherry-picking here at the current levels of 42,900," says analyst.
“Banking and fertilizer scrips outperformed on strong valuations,” says analyst.
Listed companies grew their earnings 38pc on an annual basis for the Oct-Dec quarter.
The index closed with a loss of 882 points, or 1.91pc, at 45,279, with a huge sum of Rs143bn wiped off market capitalisation.
‘Margin trading and deliverable contracts were typical instruments of pump-and-dump’
‘Banning the currency bills of the largest denomination cannot dramatically alter the banking habits of the masses’
Many stock strategists believe that a pump-and-dump scheme is in full swing.
KARACHI: Stocks fell for the fourth consecutive day as the KSE-100 index again slipped lightly by 30.48 points to...
Among the 10 volume leaders, WTL remained at the top as 370 million shares exchange hands.
Financial markets in Europe and Asia have also shown generally a sharp recovery.
Smaller banks are unlikely to keep afloat in a sea of financial crisis deepened by the pandemic