Monday, September 27, 2021

Pakistan Stock Exchange

KSE-100 nosedives 596 points, fears of DR hike and currency devaluation

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) had a major draw down of 781pts that was caused by across the board selling. Market started on a positive note with 35pts but the selling pressure that was witnessed in...

Weekly market review: KSE-100 sheds 1008 points, volumes likely to dry out amid Ramadan, budget

While the outgoing quarter remained positively surprising with sectors such as Commercial Banks, Cements, and Chemicals unveiling above street consensus result outcomes, investors continued to remain wary owing to persisting economic despondency. This has contributed to ambiguity over future corporate...

Pakistan: KSE-100 sheds 391 points on profit booking

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) declined by 391 points or (-1.05%) closed at 36,901.69 on Monday. Profit booking was apparently the only idea on investors’ mind. SNGP, which hit upper circuit the other day with high...

KSE-100 surges 480 points on technocrat setup

FM’s resignation gave the market the required impetus and investors showed their confidence with an increase of 917pts. Almost everything from Banks to Steel saw healthy buying activity, which was further aided by prospects of discovery in offshore Indus, giving...

KSE-100 nosedives on panic selling

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) sharply declined. Profit booking at the bourse turned into panic selling, courtesy of Banking sector. Market opened 5pts plus and could gain a total of 37pts after which the selling pressure...

AKD: Rupee had attained equilibrium, Stock market is quite attractive at this point of time

Aqeel Karim Dhedhi says that the rupee had attained equilibrium, "I am confident that the currency will not devalue anymore." Taking to World News Observer, AKD said there was hardly any chance of interest rate going up any further. However, he...

KSE-100 jumps 550 points on IMF package expectations

Index saw significant recovery on Friday. The session commenced with cautious optimism and initial test of -46pts, market sprung strongly with 633pts and closed at +550pts. Cement Sector again contributed significantly to the rise in Index with 33M shares followed...

KSE-100 soars 208 points on attractive valuations, IMF conclusion

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) on Thursday gained 208 points or (+0.57%) on attractive price valuations and IMF conclusion. Market traded in a narrow band on Thursday, although tilted towards positive, but oscillated between -80pts and...

KSE-100 recovers 208 pts on buying activity

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) increased by 208 points or ( (+0.56%) closed at 37,129.97 on Tuesday. Market showed some signs of recovery on Tuesday, particularly in blue chips which touched a low again on Tuesday...

Weekly review: KSE-100 to remain range bound upcoming week

The market commenced on a negative note this week, shedding 403 points on Monday. Expectations of a rate hike and potential pressure on leveraged sectors kept the market dull. However, IMF team’s visit to Pakistan and news flow regarding...
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