thenews.com.pk 18 Sep, 2020 05:30 am

Index ends flat as investors book profits

Index ends flat as investors book profits
Stocks ended flat on Thursday as investors resorted to profit-taking and adjustment of their holdings because of high leverage taken by the institutions, fund houses and stock brokers, trimming...

691 million shares, as compared with the turnover of 489.600 million shares in the previous session.666 million shares PTCL was on top of the volumes chart, up Re0.Fahad Rauf, deputy research at Ismail Iqbal Securities said, “The trend was mostly mixed despite passage of FATF-related bill (Anti-Terrorism third Amendment) which supported the sentiment, but fall in international markets despite Fed decision to keep interest rates near zero for three years kept market in check.

Salman Ahmad, head of institutional sales at Aba Ali Habib said, “The trend was mixed to stable after passing of crucial FATF bill which was narrowly passed, but would sent positive signals to international investors and institutions about efforts of the government to combat money laundering and counter-terror financing.Business September 18, 2020 Stocks ended flat on Thursday as investors resorted to profit-taking and adjustment of their holdings because of high leverage taken by the institutions, fund houses and stock brokers, trimming overall gains at the capital market, dealers said.

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