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Tag Archives: Stocks retreat

Stocks retreat as investors take profits

KARACHI: Stocks dropped on Thursday as investors decided to book profit, partly to sell off overvalued stocks and in part due to futures rollover week. The benchmark KSE-100 index shed 346 points, or 0.69 per cent, to close at 49,481.70. While foreign investors sold shares worth $3.41 million, mutual funds …

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Stocks retreat for second day amid profit-taking

KARACHI: The Pakistan Stock Exchange (PSX) saw another day of profit-taking on Thursday, with the benchmark KSE-100 index closing down by 293 points (0.63 per cent) at 46,700. Habib Bank (HBL), Pakistan Petroleum (PPL) and Oil and Gas Develop¬≠ment Company (OGDC) cumulatively contributed 182 points to the index decline. Following …

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