Karachi, December 9, 2019: Market opened on a positive note today at +72 points and 1.3 million shares traded at opening. The benchmark index went up by 184 points in the morning and largely traded in a narrow range for good part of the session. Near close of session market saw profit booking, which brought…
Karachi, November 29, 2019: Market went up again by +746 points during today’s sessions, following the resolution of General Bajwa’s extension, however, the market closed with +581 points. Market saw brisk buying activity with major contribution from Banks. Though E&P remained positive, even better performance was seen in Refinery and OMCs sectors. Banks realized trading…
Islamabad, November 12, 2019: Securities and Exchange Commission of Pakistan (SECP) has approved the Growth Enterprise Market Listing Regulations to enable Small and Medium Enterprises (SMEs), Greenfield projects, Not for Profit and other companies to raise capital through capital markets conveniently. SECP has advised Pakistan Stock Exchange (PSX) to arrange publication of new regulations in…
Karachi, October 08, 2019: Market traded in a narrow range but oscillated between +235 points and -228 points, and closed the session -160 points (unadjusted). Market has until now seen a gradual ascend with a cumulative increase of 5200 points amidst brief consolidation. The overall sentiment appears still positive, though investors seek profit booking and…
Karachi, September 26, 2019: Market has been trading in a narrow range for the past week without breaching 31K level, although recent sessions have seen Index largely adjusting downwards. Selling pressure was evident in index heavy weights like ENGRO, LUCK, OGDC, PPL, HBL and UBL, which kept any increase firmly in check. Market on Close…