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: Pakistan equities closed Tuesday on a positive note with the benchmark KSE100 Index gaining 417 points, closing at 39,714 levels, up 1.1 percent. Market remained lackluster in today’s trading session with value buying witnessed ahead of the result season. HUBC (+4.3 percent), LUCK (+2.4 percent), OGDC (+1.5 percent), PSO (+3.3 percent),…
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 07, 2020: After opening on a positive note and gaining 145 points in the first session, the market saw heavy sell-off that aggravated in the second session losing 678 points during the session and closing -580 points (unadjusted). Bond yields for 3Y and 5Y were also observed to be trading at higher yields…
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…