The Pakistan Stock Exchange achieved a historic milestone by surpassing the 68,000-point. The KSE-100 index gained 473 points in the opening session, reaching an impressive 68,229 points. This reflects positive investor sentiment and confidence in Pakistan’s economic outlook. The Pakistan Stock Exchange (PSX) witnessed a bullish trend on Thursday as the KSE-100 index crossed the … Read more
Pakistan Stock Exchange’s KSE-100 index hits a record high, surpassing the 67,100 level on Thursday. Index spikes to 67,200, marking a gain of 653 points, or 0.98%, by 10:30 a.m.. Positive investor sentiments are fueled by the government’s privatization initiatives. The Pakistan Stock Exchange’s KSE-100 index has continued its bullish trend, reaching an all-time high … Read more
On Tuesday, the main stock index in Pakistan, the KSE-100, went down by more than 300 points, bringing a negative atmosphere back to the Pakistan Stock Exchange (PSX) after a significant gain the day before. By the end of the day, the index settled at 64,349.60, showing a decrease of 312.18 points or 0.48%. 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
KARACHI: The Pakistan equity market closed higher on Wednesday following a range-bound session as investors’ opted for a cautious approach due to the uncertain economic and political environment, analysts said. An analyst at Pearl Securities said that the KSE-100 Index had a volatile session and moved both ways amid mixed trading activities. However, volumes remained … Read more
The KSE 100-index of the Pakistan Stock Exchange (PSX) lost 274 points. A negative change of 0.65 percent, closing at 42,074.91 points on Friday. A total of 140,118,124 shares were traded during the day. Compared to the trade of 227,848,374 shares the previous day. The KSE 100-file of the Pakistan Stock Exchange (PSX) saw a … 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
The bulls took command of the inventory market on Wednesday, tossing the KSE-a hundred index up through 300 factors as Pakistan resumes talks with the International Monetary Fund (IMF). The 43,000-barrier changed into easily knocked down as buyers cherry-picked shares at attractive valuations. Bulls have been visible dominating the marketplace throughout the day because of … Read more
The outgoing week proved to be an excellent one for the stock market as it recorded phenomenal profits on the again of clarity on the political front. The KSE-a hundred index surged 4.9%, marking the best week-on-week increase in two years, to settle at 40-6,601 points. A weekly rally of a similar quantity changed into … Read more
KARACHI: The earnings of the benchmark KSE-100 Index displayed a jump of 19.9 per cent on a year-on-year basis in December 2021 and 0.6 per cent on a quarter-on-quarter basis. The earnings growth was led by the highest weighted commercial banks sector amid interest rate hike and reversal in general provisioning made last year in … Read more
KARACHI: The Pakistan equity market remained volatile on Wednesday due to political unrest and higher commodity prices, while managing to close in green on value hunting during the last hour of trading, dealers said. “The military conflict between Russia and Ukraine has taken over the global and local markets, as the international commodity prices are … Read more
KARACHI: The Pakistan Stock Exchange (PSX) likely to open higher following positive cues from the upcoming IMF programme, analysts said. The witnessed dull trading activities during the week ended January 28, 2022 as the investors remained concerned over the uncertainty regarding the International Monetary Fund (IMF) $1 billion tranche along with rising oil prices in … Read more
KARACHI: The Pakistan bourse opened on a bullish note as the KSE-100 index witnessed an increase of 290.00 points, or 0.66 per cent, in the first hour of trading on Thursday. The local equity market started the day on a dull note on Wednesday, as the Federal Cabinet again delayed the approval of the refinery … Read more
KARACHI: The Pakistan bourse opened on a bullish note as the KSE-100 index witnessed an increase of 56.59 points, or 0.13 per cent, in the first hour of trading on Wednesday. The Pakistan stocks managed to close in a green territory as the global crude oil prices rose amid limited impact of Omicron virus on … Read more
Targeting 53,000 points by December 2022, Arsalan Soomro at KASB Securities project earnings growth of 12 per cent and a dividend yield of 6 per cent. Moreover, the index has the potential to re-rate once issues relating to the cash-starved energy chain are appeased. After considerable signs of economic overheating, the government and the central … 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
SBP projects Pakistan’s GDP growth up to 5% KARACHI: The State Bank of Pakistan (SBP) has projected the real GDP growth at 4 per cent to 5 per cent for the current fiscal year, as per the actual target set for the fiscal year. However, the current account deficit has been projected at up to … Read more
KARACHI: The Pakistan stocks started the first day of the week on a positive note, gaining 163 points during the initial trading hour; however, massive selling was again witnessed at the bourse leading to an abnormal decline of 732 points, dealers said on Monday. “The investors remained focused towards the economic numbers and higher commodity … Read more
KARACHI: The Pakistan equity market witnessed a massive selling pressure as geo-political tension arose between Pakistan and other foreign countries, which led the index to close below the psychological barrier of 46,000 points, dealers said on Wednesday. Ahsan Mehanti at Arif Habib Corporation said that the stocks fell across-the-board on investors’ concerns over the economic … Read more
KARACHI: Sentiments at the Pakistan equity market improved after the rupee started recovering against the dollar and posted partial gains in the interbank market after supposed central bank intervention, dealers said. Ahsan Mehanti at Arif Habib Corporation said that the stocks closed higher led by oil and banking scrips on strong earnings outlook, while the … Read more
KARACHI: Trading at the Pakistan bourse started on a bearish note on Tuesday, as the benchmark KSE-100 index sank in the intraday session by 301 points but during the midday session, bulls made an attempt to take over by lifting the index to an intraday high by 76 points; however, the bourse closed on a … Read more
KARACHI: Pakistan stocks staged a comeback on Friday after the sell-off during the early hours of the day, amid declining market participation, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks showed recovery, amid surging global equities and global crude oil prices and upbeat data on petroleum products sales during August. “Surging … Read more
KARACHI: Massive selling was witnessed at the Pakistan bourse on Thursday where cement sector marked the worst performance session due to the 158 per cent rise in the international coal prices, dealers said. An analyst at Arif Habib Limited said the market saw a drawdown of 539 points during the session, which came in the … Read more
KARACHI: Pakistan equity market opened on a positive note on Wednesday but succumbed to profit-taking, as the Pakistan Bureau of Statistics (PBS) notified CPI inflation at 8.4 per cent in August 2021, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks closed flat, amid CPI inflation at 8.4 per cent in August … Read more
KARACHI: Mari Petroleum Company Limited (MPCL) has declared a final cash dividend of Rs75/share along with the financial results for the year ended June 30, 2021. This is in addition to the interim dividend of Rs66/share already paid to the shareholders, a bourse filing said on Thursday. MPCL posted a net profit of Rs31.44 billion … Read more
KARACHI: Pakistan stocks witnessed another bearish session, amid rollover week and the spread of Covid, as Pakistan has reported highest active cases since April 29, 2021. Additionally, the rupee fell to an 11-month low against the dollar, which further created the uncertainty at the bourse. An analyst at Arif Habib Limited said the market saw … Read more
KARACHI: Pakistan stocks continued positive momentum during the week ended August 20, 2021, and analysts expect the market to remain positive in the upcoming week too, attributable to crashing global commodity prices and the ongoing results season, which will keep specific companies under the limelight. “On the other hand, a decline in infection ratio of … Read more
KARACHI: The International Packaging Films Limited (Ipak) will raise Rs2.159 billion through an initial public offering (IPO) on the Pakistan Stock Exchange (PSX), as the company is in the process of three production facilities at the Quaid-e-Azam Business Park Special Economic Zone. Ipak plans to sell Rs63.5 million, constituting 14.99 per cent of the total … Read more
