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 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: The Pakistan stocks celebrated a lower-than-expected interest rate hike, which was accompanied by the central bank’s guidance, hinting now at rate hike in January monetary policy, dealers said. Ahsan Mehanti at Arif Habib Corporation said that the stocks closed record high after lower-than-expected tightening of the key policy rate by 100bps, and the central … Read more
KARACHI: After a lacklustre and range-bound outgoing week, analysts expect the stock market to pick up pace next week. “The results season is about to commence and we think that cyclical sectors can once again attract the limelight on the back of robust economic activity,” an analyst at Arif Habib Limited said. Moreover, oil prices … Read more
