Karachi, January 22, 2020: Market had an interesting session today, which saw OGDC going lower circuit and then bouncing back strongly to close at day’s rate and above market average. Similar activity was observed in PPL, which although didn’t touch lower circuit, but faced likewise selling pressure. The news that concerned investors was likely selection…
Karachi, January 16, 2020: Market maintained the range bound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43K level. Political uncertainty has so far kept the otherwise bright outlook muddled. Banking sector scrips also held on to price levels, whereas Index heavy weights such as…
Karachi, January 15, 2020: Political uncertainty took controls over sentiment today. Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry. Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs,…
Karachi, January 14, 2020: Market replicated the performance seen yesterday with a sway from +250 points to -123 points and closing the session -12 points. Mainly Cyclicals faced the music with major selling pressure was witnessed in Cement Stocks (due to higher coal prices) and Steel sector stocks. E&P sector also saw selling pressure, whereby…
Karachi, January 13, 2020: Market moved both ways with an opening of +83 points and oscillating between +246 points and -169 points during the session. The session ended -12 points. Oil & Gas chain remained under pressure throughout the session, with PSO touching session’s low of 210, but bounced back in MoC, crossing 218. Refineries…