Economy
Pakistan Stock closes lower
Karachi, September 20, 2019: The KSE-100 index movements on the last trading day of the week were similar to a seesaw, where the local bourse juggled between green and red, making an intraday high of +148 points and a low of -129 points to close at 32,111 levels (down 73 points). Total volume was recorded…
Stock Market witnessed recovery
Karachi, September 19, 2019: Bears were defeated in Thursday’s trading as market witnessed recovery. The market opened positive and touched a high of +680 points as institutional participation was witnessed mainly in the main board stocks. The market remained green throughout the day and closed at 32,184 level. Positive sentiments in the market can be…
Profit taking at Pakistan Stock Exchange
Karachi, September 18, 2019: In line with expectations, profit booking was witnessed in Wednesday trading session, making an intraday low of -400 points to close 353 points down at 31,555 level. Today’s major contribution to the index came from PPL (-3.2 percent), LUCK (-3.6 percent), POL (-3.6 percent), OGDC (-1.2 percent) and HBL (-0.7 percent)….
PYMA rejects possible imposition of regulatory duty on imported Polyester Filament Yarn
NO Steps to be taken against Prime Minister Imran Khan’s Policy to bring National Industries to become competitive at Global level. Karachi, September 17, 2019: Muhammad Saqib Goodluck, Chairman, Pakistan Yarn Merchants Association (Sind & Baluchistan Region) has expressed his deep concerns over information of Re – Imposition of Regulatory Duty on Polyester Filament Yarn….
KSE index gained 447 points
Karachi, September 16, 2019: KSE100 index leaped +345 points at the start, which was mainly contributed by E&P stocks. Over the weekend, the attack on Saudi Oil facility caused international crude oil prices to surge by 10 percent. E&P stocks reacted to this change and after an initial spike, OGDC, PPL traded near Upper circuits…