Karachi, January 22, 2020: Market had an interesting session today, which saw OGDC going lower circuit and then bouncing back strongly to close at day’s rate and above market average. Similar activity was observed in PPL, which although didn’t touch lower circuit, but faced likewise selling pressure. The news that concerned investors was likely selection…
Karachi, January 21, 2020: Market continued facing downward pressure with the benchmark index slipping 409 points after registering an increase of 218 points earlier in the session. PSO, among oil & gas plays and FFBL, among Fertilizer, contributed positively to the index, however, selling in Cement, Steel, E&P and Refinery sectors faced selling pressure, whereas…
Karachi, January 20, 2020: First day of the change in circuit breaker met with an overall negative performance on the bourse. After an initial surge of 135 points, market largely remained under selling pressure throughout the session and went down by 535 points during the session. MoC showed recovery of around 100pts from day’s low…
Karachi, January 17, 2020: PSX market remained volatile throughout the day, making an intraday high of +151 and an intraday low of -48 points, to finally close at 43,167, up 103 points from yesterday’s close. Daily traded value stood at US$41 million, while volume stood at 211 million shares, down 4 percent. Major contribution to…
Karachi, January 16, 2020: Market maintained the range bound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43K level. Political uncertainty has so far kept the otherwise bright outlook muddled. Banking sector scrips also held on to price levels, whereas Index heavy weights such as…