Karachi, June 22, 2020: The KSE100-index witnessed 3.4 percent WoW correction, closing at 33,439 levels this week. While the Federal Budget FY21 announced last week brought no joy to market participants, sentiments were further dampened by political noise as BNP-M quit from PTI-led coalition government. Volumes improved during the week, however traded value declined by…
Karachi, June 11, 2020: Market traded in a narrow range between -70 points and +188 points, closing the session +64 points. E&P sector saw selling pressure that has been the case since international oil prices have faced resistance in the past couple of sessions. Fertilizer, Cement, Steel and Textile sector scrips performed well today on…
Karachi, June 08, 2020: Today benchmark KSE-100 index closed on a bullish note gaining 399 points, up 1.2 percent to finally close at 34,749 levels. Market remained positive as the pre-budget rally was witnessed. E&Ps, Financials and Cements were the major movers of the index today where OGDC (1.9 percent), PPL (2.5 percent) and POL…
Karachi, May 20, 2020: Market saw profit booking across the board in the run-up to Eid holidays and the long weekend. Though international crude oil prices remained high overnight and since yesterday, local investors little heed to that, given the long gap from Friday till next week on Thursday, which can cause the underlying prices…
Karachi, May 17, 2020: After correction witnessed in the last week, the KSE-100 index gained 2.2 percent WoW, to close at 34,008. Moreover, news flows on the upcoming budget also begun to surface this week. Volumes also increased this week (+15 percent WoW), however traded value took a dip (-21 percent WoW). Moody’s report was…