Sunday, October 17, 2021

Pakistan Stock Exchange

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...

Market jubilates as Bulls pushed KSE100 up by 993 points, third straight day in green

It’s the third session that KSE100 traded in green and capped a new feather with a consecutive 2-day increase of 6.4% in a decade. One of the major reasons behind this upsurge in Index is State Enterprise Fund (that is...

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...

SECP measures for capital market stability

The SECP Chairman and Commissioner (Securities Market Division) along with his team, met with capital market stakeholders, including the senior management of Pakistan Stock Exchange, National Clearing Company of Pakistan Limited, Central Depository Company of Pakistan Limited, representatives of...

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....

PSX weekly review: 1406 points drained from the market

As Ramadan started this week, the local bourse continued its bearish trend with volumes continuing to slump. Talks between GoP and IMF are in the final round and an announcement of a program can be expected any time soon. Concerns of...

KSE-100 down trend continues on IMF conditionalities

Market declined further on Friday and traded below 35k level throughout the day. During the session, the index lost a total of 240pts, but recovered slightly by end to show a net decline of 180pts (unadjusted). Cement, Banks, OMCs,...

KSE-100 further sheds 147 pts, despite positive momentum

Despite positive movement in index early hour on Thursday, the market couldn’t sustain the momentum and selling resumed, which took the index trading below 35k level. Market traded in a narrow band between +265pts and -206pts and ended -116pts (un...
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Latest News

Buyers flock to the Pakistan Lifestyle furniture expo

Over ten thousand buyers visited the 35th Lifestyle Furniture Exhibition on the first day and bought goods from a long...
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