Karachi, May 13, 2020: Market opened on a positive note today with +125 points and maintained the momentum from yesterday, gaining 200 points before facing resistance. MSCI rebalancing did not result in HBL’s ouster, which is the main reason for selling pressure in HBL in the past sessions. HBL posted price gains but still stayed…
Karachi, May 12, 2020: Market went positive on the prospect of rate cut for which SBP will be taking decision by end of week, besides the Govt’.s stance on construction of Dams that is likely to generate demand for Cement and Steel. Resultantly, Cement and Steel sectors ruled the index, mostly trading near upper circuits…
Karachi, May 04, 2020: Market saw some profit booking today on the back of developing situation on international front and reclining oil prices, which also came down after posting significant gains last week. E&P and OMCs traded considerable volume and largely maintained a higher average than last trading session. Banking sector stocks, on the other…
Karachi, May 01, 2020: KSE 100 index gained 3.8 percent on WoW basis, this gain can largely be attributed to E&P sector, as the index heavy weight gained on the back of recovery in international crude oil prices. Expectation of lower inflation number for the month also kept the investor sentiment upbeat (CPI for April…
Karachi, April 30, 2020: Just before the long weekend, Market went north today with a jump of 1020pts during the session, closing +953 points, courtesy of rising crude oil prices, expectation of rate cut and relaxation in lockdown. Activity was observed across the board, with major contribution from oil and gas stocks i.e. E&P, OMCs,…