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, 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…
Karachi, November 20, 2019: After managing a bull run that added ~10,000 points from its low, the market finally took corrective stance with index plunging 587 points and closing the session at that note (unadjusted). Selling pressure was evident in Cement, E&P, O&GMCs and Banking sector stocks. Although dust is seemingly settling on political front,…
Karachi, October 24, 2019: Pakistan equities closed Thursday on a positive note with benchmark KSE100 Index gaining 322 points, closing at 33,762 levels, up 1 percent. The market remained on the positive side but is expect to come under pressure in the short run due to ongoing developments on oppositions Azadi March and tension on…