Karachi, March 08, 2021: PSX kicked off positive, hitting a high of +595 point on early excitement as the lower house of parliament reaffirmed its confidence in Prime Minister Imran khan by overwhelmingly voting in his favor. However this positivity couldn’t last as the market came under pressure from likely redemptions in mutual funds, pushing…
Karachi, March 5, 2021: After remaining on edge in the initial trading sessions of the week, the market plunged by more than 800 points on Thursday before making a sharp recovery on the next day, ending marginally down by 0.1% WoW. According to JS global Thursday’s reaction was on the cards, given the hotly contested…
Karachi, March 04, 2021: Throughout the day, the KSE 100 remained in bearish momentum as the result of senate elections wreaked havoc on sentiment. Selling pressure was witnessed across the board where stocks such as LUCK (-2.5 percent), TRG (-3.3 percent), BAFL (-1.7 percent), HUBC (-1.7 percent), FFC (-1.3 percent) and UBL (-2.2 percent) lost…
Karachi, March 02, 2021: The KSE100 index saw some recovery today as it touched a high of +484 points before closing at 45,964 levels (up 0.8 percent). Top volume leaders of the session were TRG (+4.3 percent), ANL (+4.6 percent), ASL (+7.0 percent), BYCO (+1.8 percent), GGL (+2.5 percent) and UNITY (+1.8 percent) cumulatively contributing…
Karachi, March 1, 2021: Pakistani Equities started the week on a bearish note with the KSE 100 Index settling at 45,593 (down 0.59 percent). Major negative contribution came in from the commercial banks sector under which UBL, HBL, BAHL, MCB, & NBP cumulatively dragged the index lower by ~107pts. On the results front, TRG posted…