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: Market witnessed dull activity today barely trading 100 million shares, even lower than 118 million shares observed on Friday. E&P, Fertilizer, Cement and OMCs bore selling pressure, and even Banking sector (barring HBL) faced selling pressure. News related to HBL’s irregularities in New York branch caused panic amongst investors, however, HBL…
Karachi, February 13, 2020: Pakistan equities closed Thursday on a negative note with benchmark KSE100 Index losing 76 points, closing at 40,455 levels, down 0.2 percent. Market remained lackluster in today’s trading session with valued buying seen ahead of the result season. Pakistan and the International Monetary Fund (IMF) have agreed that there would be…
Karachi, February 11, 2020: Market again faced a significant drawdown that saw index going down by 947 points during the session and closing 825 points down from LDCP (unadjusted). Inflationary pressures, political wrangling and in-progress normalization of inverted yield curve have proven to be detrimental to investor sentiment which has seen market nose diving from…
Businesses in Pakistan are optimistic and have a positive outlook for Q1, 2020 Karachi, February 10: Dun & Bradstreet has launched its World Renowned ‘Business Optimism Index’ for Pakistan according to which Businesses in Pakistan are overall optimistic about their outlook for Q1, 2020. The composite Business Optimism Score stands at 144.6 points compared to…