KARACHI: The Pakistan stocks witnessed a bullish rally during Thursday’s trading session, after the market get a positive signal from the government regarding transitioning towards the market-determined free float exchange rate and taking concrete steps to meet the IMF’s conditions after an unofficial cap on the rupee/dollar rate was removed. An analyst at Pearl Securities … Read more
The bulls took command of the inventory market on Wednesday, tossing the KSE-a hundred index up through 300 factors as Pakistan resumes talks with the International Monetary Fund (IMF). The 43,000-barrier changed into easily knocked down as buyers cherry-picked shares at attractive valuations. Bulls have been visible dominating the marketplace throughout the day because of … Read more
KARACHI: The Stocks closed bearish on Monday, as the market was under pressure on the economic uncertainty and weaker global equities. The surge in industrial power tariff, rupee instability and reports on falling trend of textile exports on monthly basis in January 2022 played a catalyst role in the bearish close, Ahsan Mehanti at Arif Habib … Read more
KARACHI: The Pakistan bourse on Tuesday remained in red territory over foreign selling, surging industrial power tariff and investors’ concerns over the economic impact of the surging global oil prices. “The market remained under pressure due to the mounting international oil prices. New York’s WTI crude contract rose more than three per cent on Tuesday … Read more
KARACHI: The Pakistan bourse tumbled on Thursday, as the less-than-expected rate hike and the central bank’s forward guidance was disregarded by the market after the T-Bills target was missed and yields didn’t ease, dealers said. The State Bank of Pakistan (SBP) raised Rs1,285 billion against the target of Rs1,400 billion at an auction held on … Read more
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 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 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: In line with the selloff in global equity markets, the local bourse witnessed profit-taking, as Covid cases keep on increasing, leading to more stringent lockdowns, dealers said on Wednesday. An analyst at Pearl Securities said the market witnessed a bearish session and closed in the red zone due to the substantial rise in the … 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
