Karachi, January 15, 2020: Political uncertainty took controls over sentiment today. Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry. Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs,…
Karachi, January 14, 2020: Market replicated the performance seen yesterday with a sway from +250 points to -123 points and closing the session -12 points. Mainly Cyclicals faced the music with major selling pressure was witnessed in Cement Stocks (due to higher coal prices) and Steel sector stocks. E&P sector also saw selling pressure, whereby…
Karachi, January 13, 2020: Market moved both ways with an opening of +83 points and oscillating between +246 points and -169 points during the session. The session ended -12 points. Oil & Gas chain remained under pressure throughout the session, with PSO touching session’s low of 210, but bounced back in MoC, crossing 218. Refineries…
Karachi, January 08, 2019: Again market took the toll of early morning Iranian strike on Iraqi Military base housing American soldiers. Oil price went haywire with an initial surge towards $72/bbl, but gradually came down as Iranian government signaled an end to confrontation for the time being. Oil & Gas chain bore the brunt of…
Karachi, January 07, 2020: In the aftermath of US-Iran confrontation and developing geo-political situation, world markets staged a recovery with an understandable decline in international crude prices. KSE100 index also partially recovered the points lost yesterday with an increase of 649pts by the end of session. Banks, OMCs, Refineries and Cement sectors remained in the…