Karachi, May 04, 2020: Market saw some profit booking today on the back of developing situation on international front and reclining oil prices, which also came down after posting significant gains last week. E&P and OMCs traded considerable volume and largely maintained a higher average than last trading session. Banking sector stocks, on the other…
Karachi, April 30, 2020: Just before the long weekend, Market went north today with a jump of 1020pts during the session, closing +953 points, courtesy of rising crude oil prices, expectation of rate cut and relaxation in lockdown. Activity was observed across the board, with major contribution from oil and gas stocks i.e. E&P, OMCs,…
Karachi, April 28, 2020: Market saw rebound of cement sector as the concerns over cement price / bag dissipated. Upcoming data release on inflation and possible rate cut helped investors take a positive view on equities. International crude oil prices edged lower, with WTI slipping below US$ 11/bbl that kept pressure on E&P stocks. PSO,…
Karachi, April 27, 2020: Market opened on a negative today at -198 points and 1.6 million shares traded at the opening bell. In few minutes, the benchmark index hit -450 points and gradually picked pace to realize a loss of 675 points during the entire session. Cement sector largely took the bantering, mainly due to…
Karachi, April 20, 2020: Market continued the ascend on Monday after posting the historical gains on Friday, when the market witnessed halt due to 5 percent cap on index. Market went up by 1026 points during the session and saw profit booking earlier in the session that brought the gains below +300 points. Cement sector…