Karachi, February 27, 2021: The market remained on the back foot for most of the week, finally ending down on 45,865 levels (down 0.8 Percent WoW). A correction was on the cards, given the week coincided with the futures’ rollover. Nonetheless, activity retained its buoyance of recent weeks, relatively unchanged at an average of 589 million/day…
Karachi, February 25, 2021: Bulls returned to the PSX where the KSE100 index made an intraday high of +642 points to close the trading session at 45,965 level (up 603 points). The market witnessed buying interest from investors. TELE (14.5 percent), BYCO (3.5 percent), UNITY (2.8 percent), KEL (3.5 percent) and TRG (6.5 percent) were…
Karachi, February 15, 2021: In a bullish start to the week, the benchmark KSE100 index closed up 567 points at 46,375 level with 486 million shares traded during the session. WTL (10.1 percent), MLCF (4.2 percent), TELE (17.8 percent), ANL (1.8 percent) and HUMNL (-5.9 percent) were top contributors to the volume. Cement sector continued…
Karachi, February 02, 2021: Signing of IPP’s agreement by HUBC motivated the Investors to take positions in PSO and HUBC, resulting in HUBC driving the market with an overall increase of 394 points during the session. Similarly, overnight increase in crude oil prices by 3.5 percent caused the E&P sector stocks to react late but…
Karachi, February 01, 2021: Market re-tested a high towards 47k level today and again met profit booking around 46,700 level, bringing down the Index by 173 points (unadjusted). During the session, the index oscillated +377 points and -197 points. Refinery, Fertilizer and Chemical sectors remained in the limelight, with buying activity, whereas Banks, E&P, O&GMCs…