Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Make a list of vocabulary that are from the field of finance and used in the above mentioned articles. Stocks add 72 points in volatile
Make a list of vocabulary that are from the field of finance and used in the above mentioned
articles.
Stocks add 72 points in volatile trading By Our Equities Correspondent PAKISTAN STOCK EXCHANGE H E T P FLV E R S ACTIVITY GAINERS LOSERS LEADERS* Total listed 558 Colgate Palm 106.31 Buxly Paints 36.35 Byco Petroleum 45 Active 519 Allawasaya Tex 101.12 Punjab Oil 16.00 Services Fab (R) 42 Gainers 209 Nestle Pakistan 46.89 Exide (Pak) 12.74 TPL Properties 41 Losers 290 Wyeth Pak Ltd 35.75 Packages Ltd. 10.27 Telecard Limited 28 Gatron Ind. 33.00 Sitara Chemical 9.12 TPL Corp Ltd 21 PARTICIPANTS (Share values in rupees) Foreign $8.05m *Volume in millions of traded shares KARACHI: The market consolidated at the current levels in choppy trading as participants took unusually large positions on both sides. The KSE-100 index gained 72 points, or 0.15 per cent, and closed at 47,270. During trading, the stocks moved between intraday high and low by 172 and 30 points. Foreign investors dumped equities of the heavy sum of $8.05 million, taking the three-day outflow to $13.31m since Sept 8 when the MSCI announced the downgrade of Pakistan to Frontier Market from the Emerging Market. Among local participants, companies and brokers joined to book profit with aggregate selling of stock worth $14m. Individuals mopped up all the liquidity as long-term buyers accumu- lated shares of $19.5m that enabled the index to keep its prices of coal touched record high. The cyclical steel fol- lowed suit. Refineries could not garner investor interest as the enthusiasm over reports of ready to be announced approval of the Pakistan Oil Refinery 2021 lost charm. On the flip side, banks, exploration & production, pharmaceuticals and power sectors witnessed buying activity at dips which sup- ported the Index. Stocks that contributed positively to the index included UBL (66 points), HBL (33 points), AGP (20 points), COLG (18 points) and Hubco (18 points). TRG, Meezn Bank, BAHL and Lucky Cement dragged the index lower by 113 points. The trading volume dro- pped 8pc over the previous session to 395.8mn shares. Byco Petroleum topped the volume leaders list with trad- ing in 44.9m shares. The trad- ing value also declined by 11pc to Rs16.2bn. Companies $10.26m INDICATORS Monday Previous Change Banks A $0.84m KSE 100-SHARE INDEX (Points) KSE 30-SHARE INDEX (Points) MARKET CAPITAL (Rs billion) TRADING VALUE (Rs billion) 47,270.46 18,796.97 8,276.400 16.190 47,198.29 18,784.61 8,255.171 18.175 72.17 12.36 21.23 1.985 Mutual Funds $1.15m w Individuals $19.53m head above water. Market people said that the expectations of a hike in interest rates in the upcom- ing monetary policy sched- uled for Sept 20 coupled with expectations of a higher CPI due to a 13.7pc week-on- week increase in SPI kept the market gains in check. Analysts anticipate incr- ease of 20-25bps increase in policy rate, given the higher vulnerabilities in the current account, stubborn CPI infla- tion and the start of the nego- tiations with IMF for the sixth tranche by the end of current month. The investors' darling technology sector saw heavy profit-taking in all major stocks. Cements continued its descent as internationalStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started