Karachi, November 20, 2019: In line with our expectations, profit booking was witnessed at the local bourse as the KSE-100 index largely remained in the red trajectory. The index made an intraday high of +97 points and intraday low of -587 points to close at 38,037 level, down 527 points. Major laggards of the index…
Karachi, October 23, 2019: Market responded positively to an earlier rumour of rapprochement between Government and JUI (F) on protest and long march. The rumour became news by the end of the session. Prior to MoC, the index realized an upside of 441 points and during MoC sustained loss of approx 150 points due to…
Karachi, September 16, 2019: KSE100 index leaped +345 points at the start, which was mainly contributed by E&P stocks. Over the weekend, the attack on Saudi Oil facility caused international crude oil prices to surge by 10 percent. E&P stocks reacted to this change and after an initial spike, OGDC, PPL traded near Upper circuits…
Karachi, September 5, 2019: Pakistan Stock Exchange Thursday closed lower and index declined by 30 points. Analysts said that what started as a sign of recovery turned out to be a short lived spike. DGKC and MLCF that started the day on a positive note and saw upper circuit (DGKC) and close to upper circuit…
Karachi, August 5, 2019: Market lost 687 points in total and closed 486 points from Friday’s closing. Declining cement dispatches, Concerns raised by O&GMCs on RLNG intake and India’s amendment in its Parliament relating to Kashmir caused a major blow to Investor sentiment. Resultantly, Banks, Power, Steel, Cement, E&P, etc traded in red and contributed…