KARACHI: Pakistan stocks opened on a bullish note as the KSE-100 Index witnessed a surge of 275.42 points, or 0.59 per cent, in the first hour of trading on Wednesday. The index on Tuesday went towards the red zone since the start of the trading session on news flow regarding uncertainty of the ongoing IMF … Read more
KARACHI: The Pakistan stocks had a green outgoing week, while the analysts expect the market to show positivity in the upcoming week attributable to conclusion of talks with the International Monetary Fund (IMF) for the sixth tranche. “Moreover, support from Saudi Arabia in terms of safe deposits, IMF tranche, and the upcoming Sukuk issue is … Read more
KARACHI: The Pakistan stocks continued the bullish run, closing the week with a gain of 1.1 per cent, as easing political tensions and rallying global equities lifted the market sentiment, dealers said. Ahsan Mehanti at Arif Habib Corporation said that the bullish activity continued on surging global equities and Brent crude oil prices to over … Read more
KARACHI: Pakistan stocks witnessed another profit-taking session on the first day of the week where the index managed to close in the green territory supported by the banking sector, dealers said on Monday. Ahsan Mehanti at Arif Habib Corp said that the stocks closed higher led by oil and banking scrips on strong valuations. “Surging … Read more
KARACHI: The Pakistan stocks witnessed a bullish momentum on the second day of the week after the US president’s speech over the Afghan issue’, which settled down the uncertainty at the bourse by not blaming Pakistan, dealers said. This was also buoyed by the official statement of the National Security Council supporting the peaceful establishment … Read more
KARACHI: The Stock Exchange (PSX) continued its bullish run on Tuesday, as the investors welcomed the likely release of a $2.8 billion tranche under the International Monetary Fund (IMF) programme and the rising automobile, as well as petroleum products sales, dealers said. An analyst at Topline Securities said the positive momentum continued with the KSE-100 … Read more
KARACHI: The Pakistan’s equity market continued to witness a bullish session with stable volumes as the central bank’s reserves hit an over four-year high after the country received $1 billion Eurobond proceeds, though, the market is still suffering from the political uncertainty in Afghan region and accumulating Covid cases, dealers said. An analyst at Arif … Read more
KARACHI: Pakistan stocks managed to close in the green zone on Wednesday, despite facing selling pressure, amid rising Covid cases, while investors were hesitant to take new positions ahead of the Eid holidays and results season. An analyst at Arif Habib Limited said the market remained range-bound, oscillating between -38 points and +114 points. “Large … Read more
KARACHI: Pakistan stocks started the day with a positive momentum, however, investors preferred to book profits on the back of sequential rise in the international oil prices, which is a key risk for the current account position, dealers said on Tuesday. In addition, The National Command Operation Center (NCOC) has warned of re-imposition of restrictions … Read more
KARACHI: The Pakistan equity market started the week on a negative note where the bourse witnessed high selling pressure on the back of uncertainty, which gripped the Afghanistan region as the US quit its last Afghan air base. Moreover, weak investors’ sentiment was also observed on account of the fourth wave of the Covid pandemic. … Read more
KARACHI: The Pakistan Stock Exchange (PSX) held a gong ceremony to welcome BankIslami Pakistan Limited as the “Market Maker” for the Shariah-compliant debt securities listed at the bourse, a statement said on Monday. The management of the stock exchange welcomed the BankIslami team and started the proceedings by striking the gong to mark the beginning … Read more
KARACHI: Having witnessed a flattish outgoing week, the Pakistan stocks are expected to perform well in FY22 on account of robust earnings growth forecast for cement, steel and allied sectors, amid strong cyclical demand driven by the historic high Public Sector Development Plan (PSDP) allocations and the focus on Naya Pakistan Housing Scheme. An analyst … Read more
KARACHI: The Pakistan stocks witnessed a miniscule correction on Friday, as both domestic and foreign investors opted for profit-booking, amid rising trade deficit, dealers said. Ahsan Mehanti at Arif Habib Corp said the stocks closed lower on institutional profit-taking, amid high CPI inflation at 9.7 per cent in June 2021 and trade deficit of $30.8 … Read more
