Economy
Pakistan’s CA reached 5-year low level
Lahore, July 21, 2020: Pakistan’s Current Account (CA) declined sharply 78 percent during the last fiscal year The CA deficit settled at US$2.97 billion (1.1 percent of GDP) in FY20 compared to a deficit of US$13.43 billion (4.8 percent of GDP) in FY19, a contraction of 78 percent YoY. The marked improvement in CA deficit…
Pakistan’s industrial output declines 10 pc
Islamabad, July 21, 2020: Output of Pakistan’s Large Scale Manufacturing Industries (LSMI) decreased by 10.3 percent during the first eleven months of the last fiscal year (FY20). Latest data released by Pakistan Bureau of Statistics (PBS) revealed that LSMI output witnessed a decrease of 25 during May’20 primarily on account of easing of the nation-wide…
Heavy weights scrips helped PSX to avoid slide
Pakistan Stock Exchange on Tuesday traded in a range between -282pts and +288pts and closing the session +50pts. Amidst expectations of an impending correction, Index is circumnavigating current levels with a tilt towards index heavy weights such as HUBC and helped manage the slide, which would otherwise have dented investor sentiment. The index opened on…
PSX posts highest volume
The benchmark index of Pakistan Stock Exchange (PSX) on Monday made yet another recent time high with one of the highest volumes, all courtesy of Cement and Power sectors. Market opened on a positive note today with +158pts and gained a total of 410pts, closing the session +320pts. Last 10 days of the month has…
PSX gains 349 points
KARACHI, July 17, 2020: Pakistan Stock Exchange ({SX) realized a gain of +353pts during the two session and closed the day at +349pts (unadjusted) on Friday. HASCOL turned out to be the head turner, despite posting a loss of 25B the stock ended the session in green with a volume of 87.2M shares. Refinery sector…