Thursday, November 26, 2020

Pakistan Stock Exchange

Pakistani bourse echoed global stock markets, touches 17-month high levels

Pakistani bourse depicted a mixed trend during the outgoing week with the benchmark KSE-100 index witnessing some weakness at the beginning of the week amid rising conflict between Iran and the US. Sentiments further worsened mid-week given Iranian strike...

Mian Zahid: Disinformation of Pakistan’s blacklisting by FATF was a part of Indian conspiracy

Former Minister Mian Zahid said that the disinformation of Pakistan blacklisting by FATF was a part of Indian conspiracy. The fake news was issued by Indian state-run news agency which claimed that FATF’s Asia Pacific Group has blacklisted Pakistan...

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 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...

Pakistan: KSE-100 bags 1010 points on Funds clarity

Market bounced from the word Go. Within minutes of initial trading, the index was +150pts and did not see back. Clarity on Pakistan Opportunity and Market Support Funds gave much needed confidence amongst investors and the erosion saw yesterday...
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