Karachi, March 01, 2020: The 3rd and the last day of the 11th Karachi Literature Festival drew a huge crowd of literature lovers who didn’t want to miss out any of the exciting sessions lined-up for the day. The enthusiastic engagement of the festival visitors with the written word, authors, artists, and the literati is indicative of the…
Karachi, February 25, 2020: Market opened 105 points down but quickly went green with 104 points for a short while, only falling back in to red zone for the rest of the session. During the session, index lost 451 points and closed the session -285 points. E&P, Banks, and OMCs largely faced selling pressure, whereas…
Karachi, February 17, 2020: Market witnessed dull activity today barely trading 100 million shares, even lower than 118 million shares observed on Friday. E&P, Fertilizer, Cement and OMCs bore selling pressure, and even Banking sector (barring HBL) faced selling pressure. News related to HBL’s irregularities in New York branch caused panic amongst investors, however, HBL…
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…