Local equity bourse continued to be in the doldrums for another week primarily on the back of despondent economic conditions in the country. The Pak Rupee once again continued its downslide against the USD, depreciating ~2% WoW to close...
Analysts expect Jun’19 Consumer price index (CPI) inflation to settle at 9.32% YoY compared to 5.21% in Jun’18 and 9.11% in May’19, respectively. The uptick in CPI will be owed to i) increase in price of MoGas by PKR...
The down trend at KSE 100 continues amidst repo activity. Despite the absence of MTS volume, market remained under selling pressure. Power sector led the volumes on the bourse with 33M shares, followed by Banks (19M). KEL remained on...
The privatized bank UBL came under severe criticism from its account holders when it did not only blocked their accounts on the pretext of biometric process but even refused to clear their Cheques following completion of the process at...
Chairman NBFI & Modaraba association Raheel Qamar Ahmad has said that the Non-Banking Financial Sector & Modarabas Sector is an active financier of SMEs and it has contributed over Rs 200 billion during the last ten years in the...
Foreign exhibitors have offered many solutions for the energy problems in Pakistan here at the POGEE 2019, 17th Pakistan oil, gas and energy exhibition 2019 at Karachi Expo Centre.
Many trade visitors have shown their interest to acquire ready solution...
Weakness of the Pak Rupee against USD, unchanged Fitch’s rating and ongoing debate over the Federal Budget FY20 in the Parliament kept the domestic bourse in-check this week. Given lack of triggers and profit taking in large caps, the...
As expected, FTSE rebalancing proved to be a non-event on Friday. Market remained positive throughout the session; however, the gains were limited. 100 Index went up by 212pts but ended +55pts (unadjusted) just before the roll-over week begins.
Cement sector,...
KSE 100 moved up on Thursday after sustaining losses for the past three sessions. E&P sector took cue from rising crude prices and were further helped by Iran’s taking down of US drone.
Besides the positivity in E&P sector, Cement...
Gold price in domestic market on Thursday recorded an increase of Rs 1800 per tola. Gold price after day high closed at Rs 77300 per tola. 10 grams gold price jump by Rs 1542 to Rs 66272. Bullion rates...