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 profit-taking in the overbought market, as the investors remained concerned over surge in the Pakistan Investment Bond (PIB) yields by up to 246bps, weak global equities and slump in the global crude oil prices, dealers said. An analyst at JS Global said foreign flows were talk of the town … Read more
KARACHI: The Pakistan Stock Exchange (PSX) has announced to spin out its real estate business into a wholly-owned subsidiary (PropCo) and transfer the PSX’s immovable properties and related arrangements to the newly-formed company. In return, PropCo will issue all its shares in favour of the stock exchange. As per the latest valuation carried out by … Read more
