Karachi, October 02, 2020: Market saw continuation of selling pressure for a host of reasons from political uncertainty to spread of Corona cases (with the latest affectee being President Trump himself). The index lost a total of 771 points during the session and closed the session -606 points. International crude oil prices dropped significantly, especially…
Karachi, September 28, 2020: Last week’s rollover session had its trickle down impact on today’s trading session as well, primarily due to low settlement ratios. On top of it, political uncertainty caused by arrest of Opposition leader also caused ripples that resulted in index losing 1056 points during the session. The index closed -900 points….
Karachi, September 17, 2020: The benchmark index opened positive and touched a high of +350 points. The market remained in the green throughout the day and closed at 42,335 (+52 points) level. Overall volumes stood at 509 million shares, while value traded stood at US$91 million. PTC (8.8 percent), UNITY (3.2 percent), FFL (2.3 percent)…
Karachi, September 16, 2020: The PSX benchmark index blew both hot and cold today, making an intra-day high of +198 points and stopping to a low of -254 points, to finally close at 42,282 levels (-64 points). Volumes decreased by 26 percent DoD to 490 million shares, compared to 663 million shares in the previous…
Karachi, September 15, 2020: Market opened on a positive today, maintained positive momentum during the session but selling pressure in the end brought the index down by 165 points (unadjusted). Profit booking continues from past sessions, however, Investors have generally been switching positions from stocks that have nearly doubled from their recent bottoms (Cement) into…