Tuesday, September 21, 2021

Capital market

KSE-100 recovers 127 points on financial year end despite PKR uncertainty

Last trading day of the financial year ended positively with +127pts (unadjusted), although the day’s oscillation from +162pts to -365pts, left the investors with a bit of anxiety. Adding to this anxiety was also the decline in Rupee parity...

KSE-100 nosedives on cement issues, SEF delays

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) opened on a positive note with +24pts, but hit a ceiling of +69pts followed by heavy selling throughout the session. Cement sector caused the concern among investors due to requirement introduced...

KSE-100 surges 129 points

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 recovers 339 points on rising crude prices

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...

PSX review: Stock market to remain positive in the upcoming week

This week trading commenced on a negative note in the stock market as the government unveiled missed targets for FY19 in the Economic Survey document along with arrest of Asif Ali Zardari (Ex-President) which resulted in the KSE-100 index...

ECC will announce Market Support and Pakistan Opportunity funds on May 30

Incumbent Government after procedural changes has finalized two state enterprise funds namely Market Support Fund (MSF) and Pakistan Opportunity Fund (POF) to energise the capital market. Economic Coordination Committee (ECC) will formally give the guarantee and approval for the...

Resignation of disgraced Morin accepted, real gamers are still at large

Richard Morin has resigned from the office of CEO Pakistan Stock Exchange out of 14 in the board 8 voted in favor and 6 against for violating the terms of his contract and using PSX resources for his personal...

SECP launches investor awareness video series at ‘JamaPunji’ portal

The Securities and Exchange Commission of Pakistan (SECP) has launched its first investor awareness video series, based on seven themes: capital market, commodities market, Islamic finance, insurance, mutual funds, anti-money laundering/CFT and company incorporation, through its JamaPunji web portal,...

KSE-100: After drastic dip of 814 points market close in green

KSE 100 index showed first signs of recovery and that too on a day when SBP is scheduled to announce monetary policy. Street consensus is of a 100bps hike, however, market seems to have incorporated it already. Buying activity was...

Weekly review: Market bleeds as KSE-100 sheds 1550 points on rupee devaluation, MPS

The market continued to bleed this week, commencing on a negative note. The expectation of positive sentiments upon agreement of IMF Program did not materialize. Investors remained cautious due to tough measures attached with the program. However, investors took a...
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Trudeau’s party wins Canada vote but fails to get majority

Prime Minister Justin Trudeau’s Liberal Party secured victory in parliamentary elections but failed to get the majority he wanted...
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