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, August 30, 2019: Market traded in a narrow band of +/-150 points during the first session, and closed the session at -86 points. Bearish pressure carried on in E&P sector from yesterday and saw appointment of financial advisor by Privatization Commission for OGDC and PPL. Besides, Fertilizer Sector that came out as winner due…
Karachi, August 29, 2019: In a much awaited development, the Govt. has issued ordinance of Gas Infrastructure Development Cess (GIDC), wherein the Govt. has waived 50 percent of outstanding amount for fertilizer sector, captive power plants, KESC/GENCOs, and IPPs sector. History of GIDC can be traced back to 2011 when the Govt. imposed additional Cess…
Karachi, August 26, 2019: Start of the rollover week marked the return of pain for investors as Pakistan Stock Market ended the session at a bearish note with an intraday slide of 939 points. Selling pressure was observed across the board, with major pressure in E&P, Cement, Power and Steel sectors. Crude oil prices hinted a decline, which…
By Khurram Shehzad Pakistan Equities are trading at historic lows/deep discounts to Asia Region! As per data of the world’s Top-10 worst equity markets, PSX stands as the worst-performing market so far with well over 20 percent decline YTD19; for reasons that have massively overplayed at the domestic equities. From a common perspective, for instance,…