Karachi, August 21, 2020: KSE 100 continued its negative momentum as the index lost 247 points to close at 39,622 level. Index declined to make an intraday low of 628 points which was attributed to news on few media outlets that approval has been granted to sell 7 percent and 10 percent government stake in…
Karachi, July 01, 2020: Joint Action Committee (JAC), a group of civil society organizations and trade unions, on Wednesday vehemently condemned the terrorists’ attack on the key equity market of the country, Pakistan Stock Exchange (PSX) on Monday, killing and injuring police and private guards. In a joint statement Karamat Ali, Executive Director, Pakistan Institute…
Karachi, June 02, 2020: Market went up today on the back of banking sector that gained prominence post Eid. Yesterday’s performance of Index also came largely from Banking sector and today’s continuation gave investors the confidence to invest more. A couple of factors that helped Investors make a buying stance on Banking sector have been…
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 29, 2020: Market traded in the positive zone today, which was primarily caused by slight improvement in international crude prices (as compared to yesterday). E&P, OMCs largely remained positive, whereas Cement and Banking sector scrips also rebounded from recent lows. Cement Sector stocks saw an attrition of 10 percent in the past couple…