{"id":375317,"date":"2023-12-19T01:45:46","date_gmt":"2023-12-18T20:45:46","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=375317"},"modified":"2023-12-19T01:45:46","modified_gmt":"2023-12-18T20:45:46","slug":"profit-taking-means-kse-100-is-down-1-4pc-pak-posts-9m-account-surplus-in-nov","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/profit-taking-means-kse-100-is-down-1-4pc-pak-posts-9m-account-surplus-in-nov\/","title":{"rendered":"Profit-taking means KSE-100 is down 1.4pc, Pak posts $9m account surplus in Nov"},"content":{"rendered":"<p>KARACHI: The KSE-100 Index tumbled 1.40 per cent on Monday as investors opted for profit-taking \u2013 a trend visible during the past week as well \u2013 amid strong macroeconomic indicators locally and falling oil prices in global markets. That\u2019s why selling pressure was most visible in oil and gas marketing as well as exploration companies, cement, chemical, commercial banks and fertilizer \u2013 the very sectors boosted by the record-breaking surge witnessed by the Pakistan Stock Exchange during the recent weeks and months. On Friday, the market had closed with the benchmark KSE-100 Index at 66,130.02, representing a 93.61 net weekly loss, which transformed the massive decline during Monday\u2019s session. However, this slide or market correction shouldn\u2019t surprise anyone as investors were bound to take advantage of the boost through profit-taking at some point. Another reason for long-term market stability are the improving figures shared by the State Bank of Pakistan, which were reflected on Monday by the current account surplus \u2013 $9 million \u2013 posted for the month of November, 2023. DNA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: The KSE-100 Index tumbled 1.40 per cent on Monday as investors opted for profit-taking \u2013 a trend visible during the past week as well \u2013 amid strong macroeconomic indicators locally and falling oil prices in global markets. That\u2019s why selling pressure was most visible in oil and gas marketing as well as exploration companies, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":{"0":"post-375317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Profit-taking means KSE-100 is down 1.4pc, Pak posts $9m account surplus in Nov<\/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\/profit-taking-means-kse-100-is-down-1-4pc-pak-posts-9m-account-surplus-in-nov\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profit-taking means KSE-100 is down 1.4pc, Pak posts $9m account surplus in Nov\" \/>\n<meta property=\"og:description\" content=\"KARACHI: The KSE-100 Index tumbled 1.40 per cent on Monday as investors opted for profit-taking \u2013 a trend visible during the past week as well \u2013 amid strong macroeconomic indicators locally and falling oil prices in global markets. 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