Daily Stock Report: Slow Trading Day as Index Registers 54 Pts Gain
From the Blog propakistani The stock market remained range bound during the whole day. The benchmark index opened positive after a good outgoing week. The index touched an intraday high of 137 points. After opening positive it didn't took a while seeing the red zone but closed in green. At the end the benchmark index closed with +54.22 or + 0.13% to close at 42841.41 points. The index tested the day's high at 42924.93 points .The day's low of 42489.69 came towards market close. The PSX shut higher conducted by selected Fertilizer and banking scripts. The KSE-100 index is currently trading at 2018 price-to-earnings multiple of 9 times, compared to average MSCI Emerging Market index forward price-to-earnings of 12 times, indicating a discount of 28.6 times. According to a big broker, mutual funds are cpakistanblogs.blogspot.comRead Full Post
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