KARACHI: A bullish trend continued at the Pakistan Stock Exchange (PSX) on Thursday, as the market opened in the green territory and traded healthy volumes throughout the session, analysts said. An analyst at Pearl Securities said a positive outcome was expected from the International Monetary Fund (IMF), as Finance Minister Ishaq Dar said that the … Read more
The KSE-100 Index closed at 41,723.32 points, up 200.6 points, or 0.48 per cent. An analyst at Pearl Securities said the market; however. The All-share volume increased 0.4 per cent to 298 million shares against 297 million shares the previous trading day. KARACHI: The Pakistan stocks witnessed volatility during Wednesday’s trading session on the … Read more
The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Wednesday. The index closed at 40,619.94 points, down 53.12 points, or 0.13 per cent. The International Monetary Fund’s (IMF) revised growth to 2 per cent for FY23. KARACHI: The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Wednesday. The market opened in the … Read more
KARACHI: After two gloomy sessions, the bulls returned to the Pakistan Stock Exchange (PSX). The market opened in the green territory and remained in that range, as the investors choose to cherry picking selective equities at appealing levels in search of value to add to their portfolios. Ahsan Mehanti at Arif Habib Corporation said that … Read more
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bloodbath session on Tuesday. The benchmark KSE-100 Index opened in the green zone but the prevailing economic instability and political uncertainty plunged the index down to an intraday low of 1,432.94 points and concluded in the red zone, analysts said. “Whispers of a delay in the IMF … Read more
KARACHI: The Pakistan stocks endured another day of selling pressure after political uncertainty deepened in response to the news that the Punjab Assembly has been dissolved and the Khyber-Pakhtunkhwa Assembly will soon follow the suit, analysts said. An analyst at Pearl Securities said the move by the opposition has put the ruling party in a … Read more
KARACHI: The Pakistan stocks witnessed profit-taking on Thursday after the announcement of the government’s plan to resolve the circular debt, which fuel the bullish momentum in the market, analysts said. The benchmark KSE-100 Index closed at 40,804 points, up 46 points, or 0.11 per cent. The All-share volume decreased 8 per cent to 175 million … Read more
The benchmark KSE-100 Index closed at 40,801.50 points, up 296.74 points. Technology and communication (+49.7 points), commercial banks (+33.8 points). The volumes increased from 163.9 million shares to 214.3 million shares on Tuesday. KARACHI: The bulls took charge at the Pakistan Stock Exchange (PSX) on Tuesday. The benchmark KSE-100 Index closed at 40,801.50 points, up … Read more
KARACHI: The Pakistan equity market closed lower on Wednesday owing to economic uncertainty besides rollover week square-ups, analysts said. An analyst at Arif Habib Limited said that the stocks witnessed a bearish session, where the market opened in the green zone but within initial trading hours, the bears took charge from the bulls and the … Read more
KARACHI: The equity market continued with Tuesday’s momentum and hit an intraday high of 42,880 points but was unable to sustain and lost to close at 42,458, losing 68 points, dealers said. An analyst at Pearl Securities said the market opened in the green territory where profit-taking was initiated in the first half of the … Read more
KARACHI: Pakistan continues to reel under high inflation. The country’s general inflation measured by the Consumer Price Index (CPI) clocked-in at a two-year high of 13 per cent in January, as prices of almost all commodities and utilities maintained a rising trend. Experts say the inflation in January 2022 rose 13 per cent on a … Read more
KARACHI: The Pakistan equity market moved both ways where profit taking was observed in the cement sector in the first half session, as Indonesia banned the export of coal to avoid power outages. However, aggressive activities were seen in penny stocks, which cumulatively cushioned the market sentiment. “[The] stocks closed higher led by oil and … Read more
KARACHI: The Pakistan equity market is poised for a strong year-end performance, owing to the ease-off in the global commodities, improving Pakistan’s macro outlook, International Monetary Fund (IMF)-related uncertainty largely behind and completion of the MSCI-related re-balancing, dealers said. The stocks posted marginal gains during the week ended December 10, 2021, amid depreciating rupee, rising … Read more
KARACHI: In line with the selloff in global equity markets, the local bourse witnessed profit-taking, as Covid cases keep on increasing, leading to more stringent lockdowns, dealers said on Wednesday. An analyst at Pearl Securities said the market witnessed a bearish session and closed in the red zone due to the substantial rise in the … Read more
KARACHI: The Pakistan equity market started the week on a dull note, whereas the overall investors’ sentiment remains weak given the three-day Eid holidays and the rising cases of the Covid-19. Moreover, the interbank rate for the dollar reached the highest level in the last nine months, which also keeps the bulls away from the … Read more
