KARACHI: The Pakistan bourse adjusted a bit on Thursday as investors opted for profit booking amidst rising global commodity prices and fast spreading Covid infections across the world, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks closed bearish on renewed concerns in the global equities over Covid pandemic. “[A] slump in … Read more
KARACHI: The Pakistan bourse opened on a bearish note as the KSE-100 index witnessed a decline of 132.49 points, or 0.29 per cent, in the first hour of trading on Thursday. The local equity market closed higher on Wednesday, led by oil and banking scrip, amid surging global crude oil prices and reports of surging … Read more
KARACHI: The Pakistan bourse opened on a bullish note as the KSE-100 index witnessed an increase of 137.78 points, or 0.31 per cent, in the first hour of trading on Friday. The Pakistan Stocks on Thursday rebounded and remained in a green zone on as the mini-budget was approved by the cabinet, while the year-end … Read more
KARACHI: The Pakistan Stocks rebounded and remained in a green zone on Thursday as the mini-budget was approved by the cabinet, while the year-end spectacles kept the market activities upbeat throughout the day. An analyst at Topline Securities said that the equities started the day on a positive note, where the market remained in the … Read more
KARACHI: The Pakistan equity market started the day on a dull note, as the Federal Cabinet again delayed the approval of the refinery policy bill and rescheduled it for Thursday, dealers said. “Late recovery was seen at the bourse, as refinery policy draft has been finalised and waiting for the government’s green signal, which resulted … Read more
KARACHI: The Pakistan stocks moved both ways, as the National Assembly session was rescheduled for Wednesday for the approval of the mini-budget. However, the index managed to close in the green territory, as global crude oil prices rose, amid limited impact of the Omicron virus on global demand, dealers said. “Investors were cherry picking stocks … Read more
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 159.26 points, or 0.36 per cent, in the first hour of trading on Tuesday. The Pakistan stocks witnessed a dull session on Monday in the absence of any positive trigger, profit-taking continued across-the-board over rising concerns regarding resumption … Read more
KARACHI: The Pakistan bourse is likely to attract huge investments, as the KSE-100 is expected to reach 55,000 points by December 2022, a research report by Arif Habib Limited (AHL) showed. “A total of eight equity IPO [initial public offerings] transactions were witnessed in 2021 aided by a stark turnaround in the economy post Covid-19. … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 86.39 points, or 0.20 per cent, in the first hour of trading on Monday. The local bourse closed in the negative zone on Friday, as higher trade deficits, reports of $55 billion external debt repayments, $7.1 billion current … Read more
The rupee may remain in hot water next week, owing to the dollar demand for the year-end import and corporate payments. The rupee lost nine paisas against the dollar during the outgoing week to end at Rs178.13 in the interbank foreign exchange market. The depreciation of the local currency continued in the outgoing week, despite … Read more
KARACHI: The Pakistan stocks remained dull during the outgoing week, while the market is likely to move both ways in the absence of any positive trigger. “Proactive measures undertaken by the incumbent government and the State Bank of Pakistan (SBP) to avoid another boom and bust cycle and ensure economic growth remains sustainable in the … Read more
KARACHI: Another lacklustre session was witnessed at the local bourse on Friday, wherein trading opened on a positive note and gained 200 points but eventually, due to the lack of positive triggers, the investors chose to book profit ahead of the rollover week. Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower, … Read more
KARACHI: The Pakistan Stocks witnessed another dull trading session with low volumes on Thursday. However, the cutoff yields in the Pakistan Investment Bonds (PIBs) auction remained largely flat; thus, the index remained strong throughout the day. Ahsan Mehanti at Arif Habib Corporation said the stocks close higher led by selected scrips across-the-board, as the investors … Read more
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 215.28 points, or 0.49 per cent, in the first hour of trading on Thursday. The Pakistan equity market witnessed a lacklustre session on Wednesday in the absence of any positive trigger, while investors’ interest was low, as participants … Read more
KARACHI: The Pakistan equity market witnessed a lacklustre session on Wednesday in the absence of any positive trigger, while investors’ interest was low, as participants were waiting for the Pakistan Investment Bonds (PIBs) auction result, dealers said. “Additionally, the government delayed the mini-budget announcement, which dragged down the sentiments of the bourse,” an analyst at … Read more
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 219.20 points, or 0.40 per cent, in the first hour of trading on Tuesday. The local bourse closed in the green zone on Monday, as investors’ sentiment eased after the State Bank of Pakistan (SBP) cued short-term relaxation … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 112.95 points, or 0.26 per cent, in the first hour of trading on Friday. The Pakistan bourse closed bearish on Thursday, as the less-than-expected rate hike and the central bank’s forward guidance was disregarded by the market after … Read more
KARACHI: The Pakistan Stock Exchange (PSX) opened on a bearish note as the KSE-100 index witnessed a decline of 103.75 points, or 0.24 per cent, in the first hour of trading on Monday. The local bourse on Friday, closed lower on uncertainty over the monetary policy announcement next week, the surge in the National Savings … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 153.15 points, or 0.35 per cent, in the first hour of trading on Thursday. The Pakistan equity market closed bearish on Wednesday, as it remained range-bound with low volumes and across-the-board lacklustre activity. The KSE-100 went up 285 … Read more
KARACHI: The Pakistan stocks closed on a positive note on Tuesday, as investors cheered the news flow regarding opposition delaying their protest campaign against inflation, dealers said. An analyst at Pearl Securities said the bulls remained heavy throughout the day. “The market was catapulted above the physiological barrier of 43,000 points in a lacklustre session. … Read more
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 517.29 points, or 1.2 per cent, in the first hour of trading on Tuesday. The Pakistan equity market on Monday moved both ways on account of pressure on economic numbers along with the political disturbance. The investors’ interest … Read more
KARACHI: The Pakistan stocks opened on a bearish note as the KSE-100 index witnessed a decline of 87.85 points, or 0.20 per cent, in the first hour of trading on Friday. The local equity market witnessed a bloodbath on Thursday as the investors remained concerned over the expectations of beyond 100bps increase in the key … Read more
KARACHI: The Pakistan stocks witnessed a bloodbath on Thursday, as the market already initiated the pricing in expectations of beyond 100bps increase in the upcoming monetary policy announcement this month. Cutoffs in the recent T-Bills auction to increase to 10.79 per cent for three-month paper, 11.50 per cent for six-month and 11.51 per cent for … Read more
KARACHI: The Pakistan stocks opened on a bullish note as the KSE-100 index witnessed an increase of 217.07 points, or 0.48 per cent, in the first hour of trading on Tuesday. The local equity market on Monday closed on a bullish note as international oil prices fell 10 per cent amid new Covid-19 variant, while … Read more
KARACHI: The Pakistan bourse opened on a bullish note as the KSE-100 index witnessed an increase of 220.43 points, or 0.50 per cent, in the first hour of trading on Monday. The stock on Friday, showed sharp recovery, amid higher trades in oversold stocks and short coverings, as investors’ weighed robust textile exports and remittances … Read more
KARACHI: The Pakistan bourse opened on a bearish note as the KSE-100 index declined 19.21 points, in the first hour of trading on Friday. The Pakistan stocks continued negative trend for the fourth consecutive session on Thursday, as the investors were concerned over continued foreign selling over the MSCI reclassification due next week, dealers said. … Read more
KARACHI: The Pakistan bourse opened on a bearish note as the KSE-100 index witnessed a decline of 650.73 points, or 1.45 per cent, in the first hour of trading on Wednesday. On Tuesday, the bears ruled over the bulls, as investors were unable to digest the hawkish stance of the last monetary policy, investors were panicked … Read more
KARACHI: Pakistan Stock Exchange opened on a bearish note as the KSE-100 index witnessed a decline of 32.60 points, or 0.07 per cent, in the first hour of trading on Tuesday. On Monday the bears ruled over the bulls in local bourse, as investors were unable to digest the higher-than-expected interest rate increase. The beginning … Read more
