Thursday, November 26, 2020

equity market

Pakistan: Equity Bourse in the doldrums on the back of despondent economic conditions

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...

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 loses 314 points on USD-Rupee parity

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...

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 sheds 748 points on delays in state enterprise funds, MSCI rebalancing

Market took a major bantering on Tuesday after resisting the tide of profit taking since Friday. The meteoric rise of Index observed last week was matched on Tuesday with a slide of ~800pts, although the index closed -754pts (unadjusted)....

PSX take a breather on bulls run, KSE-100 uptick 1195 points in the wake of state fund

Market is showing signs of a bull run in the wake of the State Fund that will likely buy scrips of State-owned listed entities. On the whole, market shot up by 1256pts during the session, and closed +1195pts. Majority stocks hit...

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...

KSE-100 tumbles 805 points on Rupee devaluation, MPS

Market dropped again in a free-fall fashion with -965pts (-2.9%) amidst negativity from falling rupee against US Dollar and upcoming Monetary Policy to be announced on Monday. Selling was seen across the board, whereas value buyers sought for deeper discounts....

Manipulation at PSX should not go un-noticed

Pakistan's history is full of instances when powerful lobby manipulated stock market for their personal gains. In April 2019 once again rules were manipulated in such a manner that yet again small investors were duped to deprive and incurred...
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