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…
Karachi, October 29, 2020: Increasing incidence of Corona cases, partial lockdown in Pakistan, Lockdowns in European countries, End of roll-over week, End of result season, Global sell-off in Stocks as well as Commodities markets were enough for the market to lose 1911 points during the session. KSE30 touched 5 percent prior to the maximum time…
Karachi, October 28, 2020: Market traded range bound today between +306 points and -312 points, closing the session in red with -237 points (unadjusted). Investors have lately been discounting the back to back good corporate results on concerns of rising COVID cases as well as end of Earnings season that has regressed the market to…
Karachi, September 15, 2020: Market opened on a positive today, maintained positive momentum during the session but selling pressure in the end brought the index down by 165 points (unadjusted). Profit booking continues from past sessions, however, Investors have generally been switching positions from stocks that have nearly doubled from their recent bottoms (Cement) into…
Karachi, August 20, 2020: Market opened on a positive note today with +29 points, however, couldn’t carry the momentum showed in the previous sessions and posted a loss of 372 points in total during the session. The index closed -340 points (unadjusted). Selling activity was observed in Fertilizer, Cement, Refinery and O&GMCs and intensified by…