Fawad Khan

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Last quote by Fawad Khan

It is a technical market correction; market may hover close to 50,000 level and may cross the fifty thousand mark in current or next session. The index performance shows the local investors' confidence in the market.
Jan 24 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Fawad Khan is associated, including PTI and Pakistan Tehreek Insaaf. Most recently, Fawad Khan has been quoted saying: “Basically, the market was looking for some clarity around this political impasse; fortunately the Supreme Court provided a face-saver by giving a middle-ground for both the PTI and the government.” in the article Pakistan shares surge; rupee rises; o/n rates fall. An other article where Fawad Khan has been quoted is Pakistani shares fall as investors wary of political tensions.
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Fawad Khan quotes

Consolidation was observed today after the market closed at an all-time high in the previous session.

Market witnessed a net foreign portfolio inflow of $1.4 million rupees in the last session. Similarly, sentiment was also positive on earnings season.

The market witnessed profit-taking and consolidation ahead of the result season due next week, with investors keeping to the sidelines.

The wait for earnings season to begin has kept investors on the sidelines.

Volumes were quite low today. With no particular activity apart from the refinery stocks, it is expected that activity will pick up with the earnings season likely to start next week.

Profit-taking was seen in the session and the upcoming weekend led the market to close down.

Increase in sales numbers in the auto sector led the market to close higher along with cement and banks, which also performed on the day.

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