Karachi, April 28, 2020: Market saw rebound of cement sector as the concerns over cement price / bag dissipated. Upcoming data release on inflation and possible rate cut helped investors take a positive view on equities. International crude oil prices edged lower, with WTI slipping below US$ 11/bbl that kept pressure on E&P stocks. PSO,…
Karachi, April 23, 2020: Market traded range bound for most of the session, with Cement, Banks and Engineering (Steel) sectors facing selling pressure, whereas Oil & gas stocks trading green. International crude price rebounded overnight for WTI to trade +15 percent from its previous close and helped OGDC, PPL and HASCOL hitting upper circuits. Sentiment…
Karachi, September 27, 2019: Pakistan Stock Market opened on a positive note with +94 points although volume at start was very low. By the end of first session, the benchmark index grew by 261 points posting a volume of 36.9 million shares. Second session saw significant jump in both volumes and points with an overall…
Karachi, September 4, 2019: Pakistan Stock Exchange on wednesday gained some 435 points on positive outlook. Release of CPI data proved to be required stimulus that the investors were waiting for Latest release of CPI indicates a lower than anticipated reading and gave confidence to the view that SBP will likely consider revising down the…
Karachi, September 3, 2019: K-Electric continues operation to remove kundas and illegal streetlights which were encroaching on electric infrastructure throughout the city. During the operation the power utility successfully removed more than 600 illegal hooks from Gulshan, Malir. 130 illegal streetlights along with wires and switches being used for various lighting purpose were also removed from…