Karachi, July 23, 2019: Pakistan Stock Exchange (PSX) on Tuesday opened on a positive note with +17 points but faced selling pressure that took the index down by 129 points. Prime Minister’s ongoing visit to was well received by the media and political analysts, but failed to garner the support as anticipated by stock traders. By…
Karachi, July 19, 2019: Pakistan Stock Index oscillated ~650 during the session with +240 points and -408 points. The first session ended 240 points down and 49 million shares traded, whereas the second session saw a recovery in the index resulting in +240 points (unadjusted). News of State Enterprise / Market Opportunity Fund by State…
Karachi, July 18, 2019: Pakistan Stock Exchange (PSX) lost some 672 points on political uncertainty. Market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points. The index breached recent intra-day low of 32,350…
Karachi, July 16, 2019: The KSE-100 Index of Pakistan Stock Exchange closed at 32,972 points on Tuesday as against 32,958 points on Monday showing an increase of 14 points or 0.04 percent. Cement and E&P sector played a major role in setting the pace of the market on Tuesday, which oscillated between +135pts and -354pts….
Karachi, July 15, 2019: Pakistan Stock Exchange saw a significant decline of ~750 points during the session that is caused by uncertainty on monetary policy. As per revised schedule, SBP is set to announce monetary policy tomorrow, where consensus estimate is for a hike of 100bps. An interest rate hike in line with expectation will increase…