KARACHI: A mixed session was witnessed at the Pakistan Stock Exchange (PSX) on Wednesday after the World Bank lowered the GDP growth forecast to 2 per cent in FY23. The benchmark KSE-100 Index closed at 40,758.20 points, down 43.30 points, or 0.11 per cent. The volumes decreased from 214.3 million shares to 189.4 million shares, … Read more
Clearing the rumours, TRG Pakistan (TRG) operations remain robust and will continue in the same manner. According to the company management, there will be no compromise on corporate governance. Regarding the liquid assets at TRGI, the management said that $34 million worth of shares (49 million shares) of TRG Pakistan have been purchased by the … Read more
KARACHI: The Pakistan stocks witnessed a bullish session, as investors’ sentiment eased after the State Bank of Pakistan (SBP) cued short-term relaxation over interest rates, dealers said on Monday. “Additionally, international oil prices are falling down near $70/bbl, reflecting the comfort in commodities prices; thus, supported the bourse,” an analyst at Pearl Securities said. “On … Read more
KARACHI: Muhammad Ziaullah Khan Chishti has resigned as the chief executive officer and director of TRG Pakistan Limited with immediate effect, a bourse filing said on Monday. Chishti announced his resignation at The Resource Group International Limited with immediate effect. Earlier on November 18, he resigned as the CEO, chairman and director of Afiniti Limited. … Read more
KARACHI: Leverage is a trap and TRG Pakistan is the bait. Scrip has declined around 32 per cent since November 17, when the sexual harassment charges against the CEO of Afiniti, one of TRG’s subsidiaries, first appeared. TRG is the highly leveraged scrip at the bourse. According to market sources, over 50 per cent of … 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 bourse witnessed a dull session with range-bound activities packed with the Pakistan-IMF talks, quarterly results announcements, higher energy prices, and dollar hedging northwards, dealers said on Monday. “The IMF has placed a condition on Pakistan to transfer all the bank accounts maintained by [the] public sector entities/Defence Ministry to [the] State Bank … Read more
KARACHI: The Pakistan Stocks Exchange (PSX) witnessed volatility on Tuesday due to the ongoing talks with the International Monetary Fund (IMF) that kept the investors at bay, dealers said. Ahsan Mehanti at Arif Habib Corp said that profit-taking was witnessed at the bourse on pre-budget uncertainty. Investors remained concerned over the slump in the global … Read more
