Karachi, March 09, 2021: The KSE 100 index continued its bearish momentum from yesterday to close the day at 44,222 (down 1.84 percent). The selling today can be attributable to the SBP autonomy bill, withdrawal of income tax exemptions and rising bond yields. Investors focus remained on the upcoming monetary policy expected to be announced…
Karachi, March 08, 2021: PSX kicked off positive, hitting a high of +595 point on early excitement as the lower house of parliament reaffirmed its confidence in Prime Minister Imran khan by overwhelmingly voting in his favor. However this positivity couldn’t last as the market came under pressure from likely redemptions in mutual funds, pushing…
Karachi, March 5, 2021: After remaining on edge in the initial trading sessions of the week, the market plunged by more than 800 points on Thursday before making a sharp recovery on the next day, ending marginally down by 0.1% WoW. According to JS global Thursday’s reaction was on the cards, given the hotly contested…
Karachi, December 1, 2020: During November, the market provided a return of 3percent MoM, closing above 41k levels (41,069) after closing below 40k in the preceding month. So far in 5MFY21, the KSE–100 has provided a healthy return of 19.3percent Among the major sectors, top performers on MoM basis included Engineering (22.4percent), Technology & Communication…
Karachi, August 29, 2020: After a short correction, the KSE100 index of Pakistan Stock Exchange (PSX) was witnessed a rebound this week, posting a gain of 3.6 percent WoW to close at 41,056 levels. The market received an adrenaline rush after confidence expressed by local and global fund managers over the outlook of the local…