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
The Pakistan bourse witnessed a rally on Tuesday. Pakistan later this week to break the deadlock on the IMF ninth review. The All-share volume increased 121 per cent to 180 million shares. KARACH: The Pakistan bourse witnessed a rally on Tuesday, fuelled by the news that the International Monetary Fund (IMF) mission is expected to … Read more
The Pakistan Stock Exchange KSE-100 shares Index gained 395.45 points. The market reached an intraday high of 41,028 and a low of 40,349. Analysts suggest investors adopt the “Sell on Strength” strategy in the upcoming sessions. KARACHI: The Pakistan equity market closed on a positive note on Monday as renewed optimism prevailed among the investors … Read more
KARACHI: The Pakistan stocks market closed higher on Monday as the investors’ activity increased in the gas sector owing to news flows regarding the government’s plans to cut circular debt, analysts said. An analyst Pearl Securities said that the benchmark KSE-100 Index started the week with a bullish momentum and remained positive throughout the day … Read more
KARACHI: The Pakistan equity market closed in the red zone on Thursday, as the global indices fell, amid an increase of 75 basis points by the US Federal Reserve to counter global inflation. An analyst at Pearl Securities said that the pressure on currency kept continuing which dragged down the investors’ interest. “However, recovery was … 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: The Pakistan stocks witnessed a dull session on Wednesday and closed lower on weak economic outlook, surging local petroleum products prices and widening trade deficit. “Surging local petroleum prices impacting industrial earnings, reports of falling cement sales amid the government cut in the development budgets and a raise in industrial power tariff played a … 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: Pakistan’s equity market witnessed massive profit-taking on Monday where the index dropped below 46,000 points, dealers said. An analyst at Pearl Securities said cement and technology sectors cumulatively eroded 351 points from the index, as the State Bank of Pakistan (SBP) raised the policy rate by 150bps; thus, the effect was seen in the … Read more
KARACHI: The Pakistan equity market again observed a profit-taking session on the back of concerns regarding the ongoing joint parliament session and anticipated hike in the interest rates, dealers said on Wednesday. An analyst at Pearl Securities said despite the rupee appreciation, selling pressure persisted at the bourse. “The cement sector eroded 120 points from … Read more
KARACHI: The Pakistan stock market took a negative turn on Monday, primarily due to the selloff in technology stocks, dealers said. Institutional investors were on the selling side, partly due to the redemptions and otherwise due to the concerns on the rising current account deficit and inflation on the back of possible tariff hike. Muhammad … 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 automobile sales registered a whopping 215 percent growth in volumes to reach 20,311 units in May 2021, compared with 6,454 units sold in the corresponding period of the last year, in the wake of the lockdown in May 2020. Cumulatively, the volumes rose 62 percent during the 11 months of FY21. “The massive … Read more
