Karachi, March 03, 2021: In Pakistan upper house’s (Senate) election, ruling party PTI nominated Dr. Abdul Hafeez Shaikh (Minster for Finance and Revenue) has lost to opposition alliance Pakistan Democratic Movement’s (PDM) Mr. Yousuf Raza Gillani from Islamabad. This was not expected as the government alliance had a thin majority in the lower house that…
Karachi, August 21, 2020: KSE 100 continued its negative momentum as the index lost 247 points to close at 39,622 level. Index declined to make an intraday low of 628 points which was attributed to news on few media outlets that approval has been granted to sell 7 percent and 10 percent government stake in…
Karachi, August 29, 2019: Pakistan Stock Exchange (PSX) witnessed negative sentiments on Thursday and index lost 479 points. According to Arif Habib Research quite an eventful day it was, from divestment of GOP’s stakes in OGDC and PPL to resolution of GIDC issue for Fertilizer Sector and HASCOL’s result announcement. Re-iteration of GOP’s intent to…
Karachi, July 29, 2019: Pakistan Stock on first trading day of the week closed lower. Market continued trimming down, where the index shed 386 points during the session and ended at -369 points. Key results announced today were by Attock Group, which declared results for ATRL, NRL, ACPL and POL. With the exception of POL,…
Karachi, July 18, 2019: Pakistan Stock Exchange (PSX) lost some 672 points on political uncertainty. Market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points. The index breached recent intra-day low of 32,350…