Karachi, December 26, 2019: Market moved up significantly by 820 points, primarily due to year-end closing that requires financial institutions to manage the equity portfolios to avoid impairments. Buying activity was observed across the board, but focusing on Oil & Gas chain, including E&P sector stocks that showed OGDC trading near upper circuit. Similarly, price…
Karachi, December 24, 2019: Market oscillated between -553 points and +480 points today and closed the session +320 points. Market opened on a negative note with -51 points and extended the losses later. Investors remained cautious in buying in oil chain, but gradually gained momentum by session end, which saw OGDC trading near upper circuit….
Karachi, December 10, 2019: Market traded in a narrow range oscillating between -184 points and +222 points. Activity remained relatively slow as compared with yesterday, but buyers were cautious of market correction, which was anticipated since last week. Autos, Steel, Cement and Banking sector stocks saw selling pressure. Vanaspati sector led the volumes with 30.5M…
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…