Karachi, February 13, 2020: Pakistan equities closed Thursday on a negative note with benchmark KSE100 Index losing 76 points, closing at 40,455 levels, down 0.2 percent. Market remained lackluster in today’s trading session with valued buying seen ahead of the result season. Pakistan and the International Monetary Fund (IMF) have agreed that there would be…
Karachi, February 11, 2020: Market again faced a significant drawdown that saw index going down by 947 points during the session and closing 825 points down from LDCP (unadjusted). Inflationary pressures, political wrangling and in-progress normalization of inverted yield curve have proven to be detrimental to investor sentiment which has seen market nose diving from…
Karachi, February 06, 2020: Market opened on a positive note and went up by 278 points during the session, which was mainly contributed by Oil & Gas sector scrips, E&P and OMCs. International crude prices prompted investors to build positions in oil & gas chain, however, selling pressure brought prices down and index moved downwards…
Karachi, January 15, 2020: Political uncertainty took controls over sentiment today. Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry. Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs,…
Karachi, January 14, 2020: Market replicated the performance seen yesterday with a sway from +250 points to -123 points and closing the session -12 points. Mainly Cyclicals faced the music with major selling pressure was witnessed in Cement Stocks (due to higher coal prices) and Steel sector stocks. E&P sector also saw selling pressure, whereby…