Karachi, July 16, 2019: The KSE-100 Index of Pakistan Stock Exchange closed at 32,972 points on Tuesday as against 32,958 points on Monday showing an increase of 14 points or 0.04 percent. Cement and E&P sector played a major role in setting the pace of the market on Tuesday, which oscillated between +135pts and -354pts….
Karachi, July 15, 2019: Foreign Direct Investment (FDI) falls by 50 percent in Pakistan for full-year FY19 (July-Jun19), totalling US 1.737 billion, versus US 3.471 billion that recorded in FY18. There was a net selling from foreign funds recorded in Capital Markets that stood at US 415 million. Read More: Vulnerabilities in external and fiscal…
Karachi, July 15, 2019: While Pakistan’s economy moved along the stabilization phase led by demand management policies, vulnerabilities in the external and fiscal sectors persisted during Jul-Mar FY19, according to the State Bank of Pakistan’s Third Quarterly Report on the State of Pakistan’s Economy released today. This implies that the current stabilization agenda needs to…
Karachi, July 12, 2019: Pakistan Stock market remained lacklustre on Friday, following the trend seen in recent past sessions. The source of Low volumes and lack of investor confidence in equities appears to be a higher interest rate, which was further aggravated by an earlier than anticipated schedule of Monetary Policy. As per SBP, Monetary…
Karachi, July 11, 2019: KSE100 index, at Pakistan Stock Exchange, has been on a losing streak with continuous slide in both volume and index level. Yesterday, the volumes reached an 8 year low of 40 million, and on Thursday marked yet another low of 39.5 million shares. Cement sector led the volumes table with 5.4…