Tuesday, November 24, 2020

#Stocks

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...

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 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...

Pakistan’s equity market slightly recovers after week long decline

After Thursday’s slide of ~500pts, the 100 index traded did slip another 209pts during the day but closed positive 5pts (unadjusted). Interloop Limited (ILP) debuted at PSX with 14.3M traded volume and closed slightly below its opening / subscription...

Pakistan: KSE-100 inches down on selling pressure

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) declined 13 points on selling pressure closed at 38,022 on Wednesday. Market traded in a narrow band. After an initial increase of 83pts, Banks, Cement, Steel and Fertilizer scrips saw selling pressure...

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...

KSE-100 up by 96 points closed at 38,649

The benchmark KSE-100 index of Pakistan Stock exchange (PSX) on Friday surged by 96 points closed at 38,649. Market performed range bound between -69pts and +180pts and did not oscillate much. Most volume (for the third consecutive session) was observed...

KSE-100 shed 412 points on profit taking by institutions

Market reversed major part of the gains made on Wednesday. Yesterday’s activity was hinged on quarter-end closing, no change in interest rates, higher crude prices and expectation of large hydro-carbon discovery in Indus offshore. Thursday’s reversal can very much be...

KSE-100 finishes higher second straight day despite MPS hike expectations

Market jumped consecutively on the second day, just before the announcement of Monetary Policy on March 29th. Although rate hike expectations are talk of the town, market apparently didn’t pay heed to such warnings and buying activity was seen...

US Stocks ends lower on weak US jobs report

U.S. stock indexes on Friday ended lower after US weak jobs report. U.S. employment growth almost stalled in February, with the economy producing only 20,000 jobs, adding to signs of a sharp slowdown in economic activity in the first...
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