Karachi, October 22, 2020: This is the third consecutive positive closing of KSE100 since the beginning of the week, where the Index has added ~1400 points from last week’s closing level. Though the weekend left vestiges of political uncertainty, institutional investors kept brisk buying activity on the back of quarterly earnings. Banking sector results announced…
Karachi, October 20, 2020: As the concerns over political uncertainty withered away, Investors fixed gaze on the upcoming FATF plenary session and the quarterly results. Positive expectations on both counts helped the Index post a gain of 717 points during the session and closed at session’s high (unadjusted). O&GMCs, E&P scrips contributed the most, followed…
Karachi, October 16, 2020: KSE 100 index depicted erratic behavior today, where it traded between an intraday high of 152 points and intraday low of -326 points, to finally close at 40,164 (up by 0.24 percent). Major contribution to the index came from HBL, MEBL, UNITY, FFBL and DGKC, where they cumulatively contributed 158 points…
Karachi, October 02, 2020: Market saw continuation of selling pressure for a host of reasons from political uncertainty to spread of Corona cases (with the latest affectee being President Trump himself). The index lost a total of 771 points during the session and closed the session -606 points. International crude oil prices dropped significantly, especially…
Karachi, October 01, 2020: Today the benchmark KSE-100 index made a high and a low of +164 & -458 points respectively before closing at 40,677 levels, up 0.26 percent. Market remained lackluster in the early hours of the trading session but valued buying was seen at the bottom which pushed the market in the positive…