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 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
