Economy
Stock posts record recovery
Karachi, May 23, 2018: Stocks in Pakistan enjoyed a dramatic, V-shaped recovery after intense sell-offs in the past few weeks. The KSE100 Index has staged an impressive 6.4 percent rally over the past 2 days. Cheaper valuations and the potential for continued profit gains helped support this rebound among equities. At the end of the…
KSE-100 Index registered largest WoW fall of 4.5pc after 30 weeks
Karachi, May 17, 2019: KSE100 closed on a negative note for a seventh consecutive week taking 7 weeks loss to 15 percent. During the outgoing week, the index lost 1,550pts or 4.5% WoW, highest percentage loss after 30 weeks, closing at level of 33,167. The continuous fall in index level is due to, devaluation of…
KSE index juggled between green and red
Karachi, May 14, 2019: The KSE-100 movements on Tuesday were reminiscent of a seesaw, where the local bourse juggled between green and red, making an intraday low of -209 points, followed by an intraday high of +167 points to close at 33,885 levels (down 15 points). According to the JS report, total volume was recorded…
Pakistan to become a central player in the evolving regional system: Shahid Javed Burki
Karachi, May 8, 2019: Pakistan would become a central player in the evolving regional system if the ADB’s CAREC (Central Asia Regional Economic Cooperation Program) and China’s BRI (Belt & Road Initiative) succeed in introducing land-based commerce in the country. This was stated by Shahid Javed Burki, a distinguished economist who has served as the Vice…
Ramadan started on a positive note, Stock Market went up by 200pts
Karachi, May 7, 2019: First day of Ramadan started on a positive note, went up by 200 points and ended in the green zone with 42 points (unadjusted). Nonetheless, several scrips including blue chips saw aggressive selling at the bourse, such as SNGP, PSO, OGDC, KEL, HUBC, etc. The banking sector, on the contrary, performed…