KSE-100 index falls flat in directionless trade
Pakistan, April 16 -- The stock market remained directionless on Thursday with the KSE-100 index closing down by 81.07 points at 45,230.18 level after trading in a narrow band.
On Thursday, the benchmark KSE-100 opened on a positive note, but later in the session it lost the track and succumbed to selling pressure owing to rising uncertainty.
Investors kick started the session on a cheerful note from the previous session owing to growth in the large-scale manufacturing (LSM) sector, which posted a 7.45 per cent surge in the first eight-month (Jul-Feb) of current fiscal year 2021, and up gradation of GDP growth to an estimated 3 per cent GDP growth for the ongoing fiscal year (FY21) and 4.2pc GDP growth for the next fiscal year (FY22).
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