Karachi, December 31, 2019: KSE-100 index posted a return of 9.9 percent YoY during CY19 while USD-based return clocked-in at -1.4 percent. First positive return after two years of consecutive negative returns. Barring the last couple of months, CY19 was nothing short of a horror story for the equity market with a dominating bearish trend….
Karachi, December 27, 2019: Market moved both ways during the day with +162 points and -401 points, ending the session at -279 points. Month end closing met anticipated flows from institutions that created selling pressure on the bourse. O&GMCs, E&P, Power and Cement sectors remained under pressure, and even though MLCF managed to hit upper…
Karachi, December 26, 2019: Market moved up significantly by 820 points, primarily due to year-end closing that requires financial institutions to manage the equity portfolios to avoid impairments. Buying activity was observed across the board, but focusing on Oil & Gas chain, including E&P sector stocks that showed OGDC trading near upper circuit. Similarly, price…
Karachi, December 2, 2019: The benchmark KSE-100 index posted a six year high return of 14.9 percent MoM in Nov’19, subsequent to May’13 (15.0 percent), portraying a jump of 5,084 points (USD based return of 15.2 percent MoM). With this, CY19TD and FY20TD return clocked-in at 5.9 percent (USD -5.2 percent) and 15.9 percent (USD…
Karachi, November 26, 2019: Bulls dominated the early hours on the PSX as the benchmark KSE-100 index touched an intraday high of +355 points, however the index took a sharp turn on the back of news that Supreme Court of Pakistan suspended the notification confirming the extension of Chief of Army Staff General Qamar Javed…