Karachi, January 08, 2019: Again market took the toll of early morning Iranian strike on Iraqi Military base housing American soldiers. Oil price went haywire with an initial surge towards $72/bbl, but gradually came down as Iranian government signaled an end to confrontation for the time being. Oil & Gas chain bore the brunt of…
Karachi, December 27, 2019: Market moved both ways during the day with +162 points and -401 points, ending the session at -279 points. Month end closing met anticipated flows from institutions that created selling pressure on the bourse. O&GMCs, E&P, Power and Cement sectors remained under pressure, and even though MLCF managed to hit upper…
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, October 18, 2019: Pakistan equities closed Friday on a negative note with benchmark KSE100 Index shedding just 28 points, closing at 33,870 levels, down 0.1 percent. Pakistan has until February to improve its counter-terror financing operations in line with an internationally agreed action plan or face actions against it. Moreover, Jamiat Ulema-i-Islam Chief Maulana…
Karachi, August 7, 2019: Pakistan Stock Exchange was remained negative on Wednesday. Index closed at day’s low at -771 points (unadjusted), which was caused by a host of factors including weak economy, confrontation between Pakistan & India on Kashmir issue and poor results. Redemption at mutual funds kept the flow of selling across the board….