Profit-taking disrupts winning-streak | Daily News

Profit-taking disrupts winning-streak

Profit-taking in counters that surged for the past couple of weeks reverted the direction of the ASPI to negative while S&P SL20 sustained the drive in the green zone, First Capital said.

Capital Goods sector led the turnover for the session closely followed by Transportation sector counters making a combined contribution of 58%. Index experienced a downtrend within the early hour of trading thereafter recorded a short-lived bounce back during mid-day.

Later market moved downwards and closed at 6,096 losing 19 points. Foreign investors continued to be net-sellers while recording low participation.

With the announcement of the Treasury Bond auction the secondary market yield curve slightly edged upwards across the board whilst overall market witnessed moderate volumes.

Mixed activities were seen on 15.11.22 trading at 5.60%, 15.12.22 at 5.65%, 01.10.23 at 5.90%, 15.12.23 trading in the range of 5.96%-5.98% levels, 15.09.24 at 6.30%, 01.05.25 at 6.50%, 01.02.26 at 6.63%, in addition, long tenor 15.05.30 traded at 7.50%.