The market opened on a positive note but failed to make a follow-through during the day as investors opted to book profits
in specific sectors such as oil and cement,' a note by Elixir Securities read.
The KSE-100 Index opened upwards, but soon after investors resorted to book profits
leading the index to plunge 683 points from its intra-day high of 43,824.
Many investors believe that they should book profits
in mutual fund schemes when the markets are rising or near top.
Baliga has been advising his clients to book profits
up to 25 per cent of their equity exposure.
Investors have now fully played out the recent oil rally and will continue to book profits
and stay clear of the stock markets until Q2 results," said one Dubai-based portfolio manager.
15," said Al Ashri, adding "I recommend to book profits
in Amlak, as it may hit support area around Dh1.
The banking company said that it was expecting to book profits
this year above the market average.
Mumbai: The mood has turned somewhat bearish with investors opting to book profits
at every higher levels rather than making fresh purchases on weak global cues as the benchmark S&P BSE Sensex on Monday tumbled by over 244 points -- biggest fall in a month -- to end at two-week low of 26,816.
PARIS, Sha'ban 18, 1435, Jun 16, 2014, SPA -- European stocks slipped in early trade on Monday, adding to last week's retreat as mounting crisis in Iraq prompted investors to further book profits
on recent lofty equity market gains, Reuters reported.
Sisi, who investors hope will stabilise the economy and carry out much-needed reforms, officially made the move last week, prompting market players to book profits
While the update was in line with market expectations, it prompted investors to book profits
following a 24% rise in the company's share price over the past year.
The new rule replaces an existing standard which allows banks to book profits
when the value of their debt falls on the grounds that it has become cheaper to buy the bonds back.