Karachi, April 03, 2020: Market opened with a strong +488 points with traded volume of 5.1 million shares on the opening bell. Overnight skyrocketing performance of crude oil (which saw a jump of ~+35 percent), kept the sentiment strong and elevated till today, although international crude prices started correcting in the early hours. Positive vibes…
Karachi, February 25, 2020: Market opened 105 points down but quickly went green with 104 points for a short while, only falling back in to red zone for the rest of the session. During the session, index lost 451 points and closed the session -285 points. E&P, Banks, and OMCs largely faced selling pressure, whereas…
Karachi, February 17, 2020: A meeting of Federation of Pakistan Chambers of Commerce and Industry’s Advisory Council on Budget Proposals comprising of Senior Businessmen, Former Tax Officials, Tax Experts and Practitioners and leading economist held under the convenership of Mr. Zakaria Usman. Former President FPCCI, inter-alia, suggested the government to focus on curtailing dollar erosion…
Karachi, February 11, 2020: Pakistan equities closed Tuesday on a positive note with the benchmark KSE100 Index gaining 417 points, closing at 39,714 levels, up 1.1 percent. Market remained lackluster in today’s trading session with value buying witnessed ahead of the result season. HUBC (+4.3 percent), LUCK (+2.4 percent), OGDC (+1.5 percent), PSO (+3.3 percent),…
Karachi, January 20, 2020: First day of the change in circuit breaker met with an overall negative performance on the bourse. After an initial surge of 135 points, market largely remained under selling pressure throughout the session and went down by 535 points during the session. MoC showed recovery of around 100pts from day’s low…