Karachi, June 01, 2020: Market traded in a narrow range today between +131 points and -111 points closing the session +90 points. E&P, Banking scrips largely remained positive, whereas Cement, Fertilizer and Pharma stocks faced selling pressure. Diminishing prospects of a further rate cut caused investor to shift focus on other sectors. Today’s release of…
Karachi, May 20, 2020: Market saw profit booking across the board in the run-up to Eid holidays and the long weekend. Though international crude oil prices remained high overnight and since yesterday, local investors little heed to that, given the long gap from Friday till next week on Thursday, which can cause the underlying prices…
Karachi, May 19, 2020: Market opened on a positive note today and went up by 546 points during the session, closing +318 points (unadjusted). Increasing international crude prices helped E&P, OMCs and Refinery sectors contribute to the growth in index. Besides, Pharmaceuticals posted price gains on the back of prospects of working towards cure for…
Karachi, May 18, 2020: Post rate cut on Friday, market posted some gains today, showing an upside of 385 points earlier in the session, however, profit booking caused Index to slide posting a decline of 238 points during the session and closing -203 points. Banking sector primarily caused the plunge resulting in across the board…
Karachi, May 15, 2020: Market opened on a positive note today with +89 points and went up by 236 points during the session, closing +203 points at 34K level. Bounce in international crude prices helped oil and gas stocks to stage some recovery from recent past sessions. OGDC and PPL particularly performed well. In the…