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...
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 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...
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...
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...
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)....
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 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...
Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh has approved the fund of Rs 20 billion to be managed by NIT, State Life and banks to provide the liquidity.
Government of Pakistan will launch...
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....
