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…
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…