Business
Fourth consecutive decline, Index down 1.4pc
Karachi, August 2, 2019: Index closed negatively for fourth consecutive time. During the outgoing week, the KSE-100 index lost 437 points to close at 31,666 points; down by 1.4 percent WoW. Equities remained under pressure due to higher CPI inflation which was recorded at a 68-Month high of 10.3 percent as per news report. Furthermore,…
Pakistan Stock remained slide
Karachi, August 2, 2019: Following the trend of past 3 months, Pakistan Stock Market slid again following the close of rollover week and saw index slip by a total of 405 points, ending the session with -172 points. E&P, Banks and Power sectors contributed to the decline in index, where selling pressure was observed in…
Revision Study for Calculating Effective Exchange Rates issues
August 01, 2019: Revision study for calculating effective Exchange Rates for Pakistan has been issued. The concept of effective exchange rate , which includes nominal (NEER) and real effective rates (REER), occupies a prominent place in macroeconomic analysis as it provides valuable information about a county’s relative position, in terms of competitiveness of its goods…
Inflation begins the year with 10.3pc
Islamabad, Aug 1, 2019: CPI Inflation increased by 10.3 percent on year-on-year basis in July, 2019 as compared to an increase of 8.9 percent in the previous month, while 5.8 percent in July 2018. On month-on-month basis, it increased by 2.3 percent in July 2019 as compared to an increase of 0.4 percent in the…
PSX trades in narrow range
Karachi, August 1, 2019: Pakistan Stock Exchange on Thursday traded in a narrow range with an oscillation between -158 points and +122 points, and ended the session at -99 points. O&GMCs, Cement and Chemicals traded in red most of the session, whereas Steel continued moving upward, carrying the trend from yesterday. Large cap Banks and…