Wednesday, December 2, 2020

PSX

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...

Are Trump and IK becoming the best friends?

Are Trump and IK becoming the best friends? The answer is yes. Trump means business and Imran Khan IK wants peace. Trump wants to stop US spending over Afghan war, but don’t want to loose control over Afghanistan. While...

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...

Pakistan Stock Exchange rebuttal to the article by Richard Morin published in various media platforms

Pakistan Stock Exchange (PSX) strongly repudiates the assertions made in the article by Richard Morin published in various media platforms. This is a ruthless attempt to malign PSX and SECP (the Apex Regulator). PSX being a National Exchange enjoys...

KSE weekly review: Market sheds 448 points, likely to remain range bound

Weakness of the Pak Rupee against USD, unchanged Fitch’s rating and ongoing debate over the Federal Budget FY20 in the Parliament kept the domestic bourse in-check this week. Given lack of triggers and profit taking in large caps, the...

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,...

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...

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)....

SECP notifies Listed Companies “(Buy-back of Shares) Regulations, 2019”

The SECP notified Listed Companies “(Buy-back of Shares) Regulations, 2019” on May 23, 2019 after a series of meetings between different stakeholders. A draft of the Regulation was shared by the SECP post feedback from all stakeholders and a notification...

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...
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NATO: Early withdrawal could expose Afghanistan to terrorism

NATO said that an early withdrawal from Afghanistan could leave the country a haven for international terrorism. The Secretary-General of...
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Trump’s European allies resisted sanctions on Iranian banks

A diplomatic correspondence showed that Germany, France, and Britain urged the administration of US President Donald Trump in late October to reconsider imposing new...

Britain to keep the Christmas shut until Easter in April

Easter has been set to lift the strict Corona lockdown rules in the United Kingdom, which were approved by the government during the Christmas...

10 things you didn’t know about the Iranian nuclear scientist Mohsen Fakhrizadeh

The assassination of the Iranian nuclear scientist Mohsen Fakhrizadeh, whose name, life, and position he used to hold in Iran was released into the...

Biden appointed Linda Thomas-Greenfield as UN ambassador

US President-elect Joe Biden said that the US Secretary of State, Anthony Blinken, will work to restore US foreign relations, explaining that Mayoras will...