{"id":1577,"date":"2016-08-18T03:58:16","date_gmt":"2016-08-17T17:58:16","guid":{"rendered":"http:\/\/leadpakistan.com.pk\/news\/?p=1577"},"modified":"2016-08-18T03:58:16","modified_gmt":"2016-08-17T17:58:16","slug":"stock-rally-runs-out-of-steam-on-profit-taking","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/stock-rally-runs-out-of-steam-on-profit-taking\/","title":{"rendered":"Stock rally runs out of steam on profit-taking"},"content":{"rendered":"<p>KARACHI: A day after attaining the peak at over 40,000 points, the KSE-100 index could add just 19 points (0.1 per cent) on Wednesday to close at 40,050. Although rallying to intra-day high by 181 points, the market succumbed to profit-taking in later hours. \u201cThe index consolidated towards the end of the trading due to lack of triggers,\u201d said analysts. Foreign investors sold stocks worth $2.66 million.<br \/>\nTrading volumes increased by 11pc to 240m shares while trading value climbed 24pc to Rs13.2bn over the previous day. Among volume leaders 2nd and 3rd tier names stood out with Deewan group dominating the scene once again with DCL up 0.16pc, KEL down 0.70pc, DSFL dipped 8.26pc and DFML lost 2.31pc emerging as the top contributors to the volume.<br \/>\nAs crude oil prices remained near five-week highs on Wednesday, OGDC rose 0.40pc, POL 0.52pc and PPL 0.01pc extended their previous day gains. Attock Refinery (ATRL) and Pakistan Oilfields (POL) up 4.2pc and 0.5pc, respectively, after announcement of their quarterly results.LUCK gained 0.96pc, NATF 5pc and EFUG 2.59pc adding 37 points to the index, while HUBC shed 2.46pc, BAHL 1.57pc and HBL 0.21pc taking away 60 points.<br \/>\nFertilisers remained buoyant while pharmaceuticals, textile and power staged a mixed performance with SEARL rose 1.17pc, FFC 0.37pc and HUBC down 2.46pc remaining in the spotlight.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: A day after attaining the peak at over 40,000 points, the KSE-100 index could add just 19 points (0.1 per cent) on Wednesday to close at 40,050. Although rallying to intra-day high by 181 points, the market succumbed to profit-taking in later hours. \u201cThe index consolidated towards the end of the trading due to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1577","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stock rally runs out of steam on profit-taking<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/stock-rally-runs-out-of-steam-on-profit-taking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock rally runs out of steam on profit-taking\" \/>\n<meta property=\"og:description\" content=\"KARACHI: A day after attaining the peak at over 40,000 points, the KSE-100 index could add just 19 points (0.1 per cent) on Wednesday to close at 40,050. Although rallying to intra-day high by 181 points, the market succumbed to profit-taking in later hours. \u201cThe index consolidated towards the end of the trading due to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/stock-rally-runs-out-of-steam-on-profit-taking\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-17T17:58:16+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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