KARACHI: The Pakistan stock market started the day on a positive note to celebrate the resumption of the International Monetary Fund (IMF) programme with the approval of the 6th tranche of $1 billion. However, profit-taking was witnessed in the second half, dragging the market down to close in the red, dealers said. Ahsan Mehanti at … Read more
KARACHI: The Pakistan Equity Market opened in a green zone on Monday where investors’ confidence was enhanced due to the government fulfilling all the prior conditions of the International Monetary Fund (IMF). An analyst at Pearl Securities said that the upcoming visit of Prime Minister Imran Khan to China would also be a positive development … Read more
KARACHI: The Pakistan bourse closed on a positive note on Thursday as investors cheered Wednesday’s T-Bill auction amid a decline of 15 to 27 basis points in cut-off yields, dealers said. Ahsan Mehanti at Arif Habib Corp said that stocks closed bullish amid the fall in the government T-bill yields by 68bps. “Mid-session pressure remained … Read more
KARACHI: The Pakistan bourse on Wednesday closed higher as investors’ confidence was boosted due to the State Bank of Pakistan (SBP) affirming steady rates coupled with the falling bond yields. “The government revised the growth rate to 5.4 per cent for fiscal year 2021, and the global crude oil prices rose which played a catalyst … Read more
KARACHI: The Pakistan Stock Exchange (PSX) opened in a green zone where investors’ interest was boosted as the State Bank of Pakistan (SBP) kept the interest rate unchanged in Monday’s announcement. “Late profit taking was witnessed at the bourse as international markets turned red on the speculation that the US Federal Reserve may raise interest … Read more
KARACHI: The Pakistan bourse closed lower on Monday amid a slump in the global equities and investor concerns for the ongoing political noise. “Uncertainty ahead of the International Monetary Fund policy board review on January 28, and the State Bank of Pakistan’s policy announcement scheduled today amid surging inflation played a catalyst role in negative … Read more
KARACHI: The Pakistan Stock Exchange (PSX) closed flat on Thursday due to the weak earnings outlook coupled with increased tariff on industries. The market started with a selling pressure where it lost 558 points in the initial trading hours. “Surging industrial power tariff, uncertainty ahead of the International Monetary Fund (IMF) policy board review on … Read more
KARACHI: The Pakistan equity market witnessed a bloodbath session on Wednesday, as it remained under selling pressure due to the rising trend in the global oil prices. The rumours of a hike in the US interest rates and increased concerns over the bleak external account figures of the country kept the market under pressure throughout the … Read more
KARACHI: The Pakistan equity market closed in the red zone, amid rising Covid-19 pandemic cases across the world. Surging twin deficits and uncertainty over the outcome of the upcoming International Monetary Fund (IMF) Board review for the release of the Extended Fund Facility (EFF) tranche worth over $1 billion played a catalytic role in the … Read more
KARACHI: The Pakistan bourse started the day on a positive note where bears took over for the rest of day, thus, the market ended in a red zone. An analyst at Pearl Securities said that the voting on the finance bill admitted strong opposition in both houses which kept the market under pressure. “[The] international … Read more
KARACHI: The Pakistan equity market opened on a positive note on account of higher international oil prices, but the positivity didn’t sustain as the market witnessed profit taking in the last hours, dealers said. An analyst at Pearl Securities said that the bourse started the day in a positive zone and crossed the psychological barrier … Read more
KARACHI: After witnessing a volatile session, the Pakistan stocks closed flat on Tuesday in the absence of positive triggers, dealers said. Ahsan Mehanti at Arif Habib Limited said that the stocks closed flat on renewed concerns over the Covid-19 pandemic in global equities, weak global crude oil prices and rising trade deficit. “Weak rupee, surging … Read more
KARACHI: The Pakistan stocks successfully managed to close in the green territory on Monday, as the International Monetary Fund (IMF) has agreed to reschedule the sixth review of the $6 billion Extended Fund Facility (EFF) on the request of the Finance Division. “Moreover, the local players’ liquidity increased due to the inflows from foreign firms. … Read more
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 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
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 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
