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 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
At the moment the KSE-100 Index is being traded at 33,848.93 points, a decline of 2,211.95 points and a percentage drop of 6.13%. The PSX triggered the market halt at 10:13 am, due to 5% drop in KSE-30 Index and suspended the activity for 45 minutes. The BR100 Index was being traded at 3,468.30 points, … Read more
