Karachi, September 19, 2019: Bears were defeated in Thursday’s trading as market witnessed recovery. The market opened positive and touched a high of +680 points as institutional participation was witnessed mainly in the main board stocks. The market remained green throughout the day and closed at 32,184 level. Positive sentiments in the market can be…
Karachi, September 18, 2019: In line with expectations, profit booking was witnessed in Wednesday trading session, making an intraday low of -400 points to close 353 points down at 31,555 level. Today’s major contribution to the index came from PPL (-3.2 percent), LUCK (-3.6 percent), POL (-3.6 percent), OGDC (-1.2 percent) and HBL (-0.7 percent)….
Karachi, September, 17, 2019: The KSE-100 Index blew both hot and cold on Tuesday, making an intra-day high of +177 points and stoping to a low of -159 points, to finally close at 31,909 levels (-20 points). Volumes increased by 17 percent DoD to 122 million shares, compared to 105 million shares in the previous…
Karachi, September 16, 2019: KSE100 index leaped +345 points at the start, which was mainly contributed by E&P stocks. Over the weekend, the attack on Saudi Oil facility caused international crude oil prices to surge by 10 percent. E&P stocks reacted to this change and after an initial spike, OGDC, PPL traded near Upper circuits…
Karachi, September 2, 2019: The domestic equity bourse underwent a decline of 2,266 points in Aug’19, translating into a negative return of 7.1 percent and 5.5 percent in USD terms; this is the worst-performing month of CY19 taking CYTD return to -19.9 percent (USD based -29.1 percent). Major reasons behind this subdued performance was heightened…