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…
Karachi, July 27, 2019: During the outgoing week, the benchmark index lost 356 points down by 1.1 percent WoW to close at 32,103 points. The index started on a positive trajectory during this trading week as first 2 sessions cumulatively added 257 points to the index. Recovery in the first half of the week was…