Karachi. March 22, 2021: The KSE 100 index opened the week with a 500+ points rally to settle the day at 45,407 (up 1.13 percent). The rally was primarily driven by Oil stocks which rose on the expectation that the payment to the IPP’s, which was due this month is imminent. This is expected to…
Karachi, March 17, 2021: Pakistani Equities clawed back the gains on Wednesday with the KSE 100 Index closing at 45,450 level (up 1.32 percent ). Over the past 4 days, the market has recovered 2,671points (6.24 percent ) against 3,057points lost amidst the senate elections. The rally is attributable to easing political noise owed to…
Karachi, March 15, 2021: Market opened on a positive note today and added a total of 1051 points, similar to the performance witnessed on Friday. Leveraged positions have come off lately, whereby leverage in MTS, MFS and Futures stood Rs. 45 billion on March 8th, and by the end of the week declined to Rs….
Karachi, March 10, 2021: Pakistan equities continued its downward trend for the third day of the week owing to political uncertainty, economic headwinds and margin calls. After a slightly positive opening benchmark KSE100 Index juggled between intraday high of 201 points and low of 602 points. It closed the session at 43,691 level (down 1.20…
Karachi, March 09, 2021: The KSE 100 index continued its bearish momentum from yesterday to close the day at 44,222 (down 1.84 percent). The selling today can be attributable to the SBP autonomy bill, withdrawal of income tax exemptions and rising bond yields. Investors focus remained on the upcoming monetary policy expected to be announced…