Pakistan Stock Exchange (PSX) sees a bullish trend on the opening day of the week, setting new records. KSE-100 index crosses 69,000 points for the first time in history during intraday trading on Monday. Index gains 597.80 points by 11:39 am, reaching 69,014.58, with hopes of further gains by market close. The trading floor at … Read more
The IMF has set a goal for the interest rates to remain greater than the core inflation. The All-share volume decreased 20% to 126 million shares against 158 million shares traded. Analysts expect volatility to persist until the IMF’s ninth review is successfully concluded. KARACHI: The Pakistan stocks witnessed selling pressure throughout the day and … Read more
The KSE-100 Index closed at 40,838.51 points, down 329.09 points, or 0.80%. The All-share volume decreased 24% to 150 million shares against 197 million shares traded. Analysts expect volatility to persist until the IMF’s ninth review is successfully concluded. KARACHI: The Pakistan stocks witnessed selling pressure throughout the trading session after an increase in … Read more
KARACHI: The Pakistan Stocks closed in a green zone on Thursday as the investors’ sentiments were boosted on declining global oil prices and expectation of better results of cement stocks. “On the economic front, Pakistan’s exports to nine regional countries posted a growth of 25.53 per cent in the first eight months of fiscal year … Read more
An analyst at Topline Securities said that rising political uncertainty over the no-confidence motion against the Prime Minister led the market to open sideways where it made an intraday low of 463 points, however some recovery was witnessed in the second half of the session. The Pakistan Stock Exchange KSE-100 shares Index shed 0.23 per … Read more
KARACHI: The Pakistan bourse witnessed a bloodbath session on Friday due to the political unrest and rupee depreciation against the dollar. The market witnessed dull activity in the first session while across the board selling was observed in the second session due to the last working day of the week, an analyst at Arif Habib … Read more
KARACHI: The Pakistan Stocks witnessed a range bound session on Thursday due to the political unrest, thin trade on concerns for rupee instability and surging government bond yields. The market opened in the green zone but stayed volatile throughout the day while the main board activity remained dull, an analyst at Arif Habib Limited said. “The … Read more
KARACHI: The Pakistan Stocks closed lower on Monday amid thin trade on political uncertainty, surging government bond yield and slump in the global equities. The economic uncertainty, hike in the local power tariff and rupee instability played a catalyst role in bearish close, dealers said. An analyst at Arif Habib Limited said that a range … Read more
KARACHI: The benchmark KSE-100 Index witnessed a massive sell-off as President Putin ordered military operation and Russian forces launched a full invasion in Ukraine, dealers said. An analyst at Pearl Securities said that with the Russian invasion of Ukraine, the global markets also turned red. “Additionally, the international oil prices rose above $105/barrel, which dampened … Read more
KARACHI: The Pakistan bourse on Tuesday remained in red territory over foreign selling, surging industrial power tariff and investors’ concerns over the economic impact of the surging global oil prices. “The market remained under pressure due to the mounting international oil prices. New York’s WTI crude contract rose more than three per cent on Tuesday … Read more
KARACHI: The Pakistan bourse closed in the green territory on Wednesday, amid higher trades on financial results speculations and hopes for the release of the International Monetary Fund (IMF) tranche this week. “Surging global crude oil prices, the data on the 19 per cent year-on-year growth in oil sales in January 2022 and the expectations … Read more
KARACHI: The Pakistan stocks dropped 1.62 per cent during the week ended January 21, 2022, amid rising Covid infections and uncertainty over the upcoming monetary policy. “Going forward, we expect the market direction to take a cue from the upcoming monetary policy announcement coupled with the IMF board meeting,” an analyst at Pearl Securities said. … Read more
KARACHI: The Pakistan stocks witnessed a lacklustre and volatile week ended January 14, 2022 and closed 0.92 per cent up, while the analysts believe the index will perform well, going forward. “The passage of the mini-budget should address the fiscal concerns, while the revival of EFF facility with the IMF will not only allow resumption of … Read more
KARACHI: The Pakistan bourse opened on a bullish note as the KSE-100 index witnessed an increase of 137.78 points, or 0.31 per cent, in the first hour of trading on Friday. The Pakistan Stocks on Thursday rebounded and remained in a green zone on as the mini-budget was approved by the cabinet, while the year-end … 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
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 a bullish trend at midday, as the KSE-100 Index registered an increase of 5.32 points, or 0.01 per cent, on Wednesday. The Pakistan stocks observed a profit-taking session on Tuesday, as the global markets turned red, amid concerns over the rapid spread of the Omicron virus globally. The current account … Read more
KARACHI: The Pakistan stocks witnessed a bullish session, as investors’ sentiment eased after the State Bank of Pakistan (SBP) cued short-term relaxation over interest rates, dealers said on Monday. “Additionally, international oil prices are falling down near $70/bbl, reflecting the comfort in commodities prices; thus, supported the bourse,” an analyst at Pearl Securities said. “On … Read more
KARACHI: The Pakistan stocks gained 1.2 per cent during the week ended December 17, 2021, and analysts expect the market to move both ways next week. Further, a mini-budget is expected soon, where the market will react to any introduction, re-imposition or removal of duties and subsidies. “There is a likelihood that [the] inflationary pressures … 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: The Pakistan stocks witnessed a profit-taking session on the first day of the week on account of concerns over the upcoming monetary policy announcement scheduled on Tuesday, dealers said. “During the day, investors’ interest remained low, owing to the upcoming mini-budget, which led the index to close below the psychological barrier of 43,000 points, … 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: Profit-taking was witnessed at the Pakistan bourse on Friday, as investors opted to square their positions; wherein, the market anticipates aggressive interest rate hike on December 14, dealers said. Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower on uncertainty over the monetary policy announcement next week and depreciating rupee. “[The] … Read more
KARACHI: The Pakistan bourse witnessed a profit-taking session, amid rupee depreciation, where the KSE-100 Index managed to sustain near previous levels, dealers said. An analyst at Pearl Securities said the investors’ interest was dragged down, while keeping an eye on the pressurised economic figures coupled with the continuous rupee depreciation. “Moreover, selling pressure, amid concerns … Read more
KARACHI: The depreciating rupee, rising deficits and anticipation of sharp jump in interest rates dragged the Pakistan stocks down 2 per cent during the week ended December 3, 2021, dealers said. However, with the ease in the global commodities improving Pakistan’s macro-outlook, the International Monetary Fund (IMF)-related uncertainty largely behind and the MSCI-related rebalancing, the … Read more
KARACHI: The Pakistan stocks rebounded 2.76 per cent on the first day of the week on the back of several positive developments, with declining oil price topping the list, dealers said. An analyst at Pearl Securities said the international oil prices fell 10 per cent, amid new Covid-19 variant, while the Federal Cabinet approved $4.2 … Read more
KARACHI: The Pakistan stocks are expected to come under pressure after the State Bank of Pakistan (SBP) increased the benchmark interest rates by 150bps against the general consensus of 100bps to 8.75 per cent, dealers said. An analyst at AKD Securities said the news of the current account deficit deteriorating to $1.7 billion would also … Read more
KARACHI: The Pakistan stocks rebounded on Tuesday, as the rupee finally managed to recover against the dollar after an entire week of losses coupled with an absence of uncertainty on the political front, dealers said. Ahsan Mehanti at Arif Habib Corporation said that the stocks showed sharp recovery led by scrips across-the-board on robust data … Read more
