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 equity market after moving both ways managed to close in the green zone, as the stock market participants were anticipating a lower-than-expected hike in the policy rate, dealers said. Ahsan Mehanti at the Arif Habib Corporation said that the stocks recovered, as investors’ weighed upbeat data on auto sales (up 62 per … Read more
KARACHI: The Pakistan equity market moved both ways during the day on account of pressure on economic numbers along with the political disturbance, dealers said on Monday. An analyst at Topline Securities said the investors’ interest was low during the day, amid concerns over further hike in the policy rate in the upcoming monetary policy … Read more
KARACHI: The Pakistan equity market witnessed a roller-coaster ride on Friday with the first session posting impressive gains in the oversold market; however, the second session witnessed correction given free-fall of the local currency, dealers said. Ahsan Mehanti at Arif Habib Corp said the stocks closed lower on the concerns over sharp rise in the … Read more
KARACHI: The Pakistan bourse staged a mild recovery on Friday, as the investors opted for bottom-fishing in the oversold market, dealers said. Ahsan Mehanti at Arif Habib Limited said that the stocks showed sharp recovery, amid higher trades in oversold stocks and short coverings, as investors’ weighed robust textile exports and remittances in October 2021. … Read more
KARACHI: The Pak Agro Packaging Limited (PAPL) becomes the first company to be listed on the Pakistan Stock Exchange (PSX) Growth Enterprise Market (GEM) Board, a statement said on Friday. A gong ceremony was held at the PSX to mark the event where Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin was … Read more
KARACHI: The Pakistan stocks continued negative trend for the fourth consecutive session on Thursday, as the investors were concerned over continued foreign selling over the MSCI reclassification due next week, dealers said. Ahsan Mehanti at Arif Habib Corporation said that the stocks remained under pressure on the concerns over surging bond yields, reports of over … Read more
