Stocks Stay Range-bound Inside Omicron Concerns
According to our sources, Wednesday’s session on the Pakistan Stock Exchange in Karachi was impacted by investors’ fears on the spread of the new Covid 19 variety.
The increased incidence of Omicron will result in lockdowns and reduced economic activity in the future. The index will be moved within a 200-point range and will be closed at 45,407,89 points after you add 17,05 points, or 0.04 percent.
Read: Financing Facilities Offered to Lift KP’s SME Sector
There will be a 14.91 percent increase to 432.06 million shares, but the value of traded shares decreased 19.53 percent to Rs10.28 billion. Minister of Information and Broadcasting Chaudhry Fawad Hussain also revealed that the Pakistan Stock Exchange remained profitable at 18 percent.
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The dividends were paid by corporations that were publicly traded. In 2020, the amount was approximately Rs272 billion. In 2021, the company’s profit reached Rs498 billion. In addition, the minister published the list of businesses.
Stay tuned with Al Sadat Marketing for updates.
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