KARACHI, July 12, 2020: The KSE100 index of Pakistan Stock Exchange (PSX) continued previous week’s gains, closing this week 3.2 percent WoW up at 36,190 levels. Decline in active COVID-19 cases and materialization of inflows from International Financial Institutions in the country kept investor sentiments upbeat, which also reflected in improving participation. According to JS,…
Karachi, June 22, 2020: Today benchmark KSE-100 index closed in the positive zone after making a high and low of +356 points and -367 respectively to finally close at 33,738 levels, 0.9 percent up. PPL (0.1 percent), OGDC (2.1 percent) and POL (2.0 percent) in the E&Ps closed in the positive zone as the international…
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, 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, October 01, 2019: Earnings of the KSE-100 index depicted a downturn of 7.4 percent YoY during 4QFY19. Based on sectoral weight, this was led primarily by Cements (-82 percent YoY; 5.4 percent weight), Power Generation & Distribution (-46 percent YoY; 6.5 percent weight), Food & Personal Care Products (-76 percent YoY; 3.2 percent Weight),…