Karachi, April 21, 2020: Market opened -478 points today and continued the descent throughout the session, which extended to -1199 points by the end of session. The benchmark index closed -1078 points. Concerns raised by IMF over G20 debt relief, announced last week by the Government, as well as hinting higher than expected inflation with…
Karachi, April 16, 2020: Market traded in a narrow range today between +205 points and -226 points, and closing the session +87 points. Yesterday’s PIB auction that resulted in normalization of yield curve and declining of yields gave good reasons for investors to come back to equities. However, weakening oil fundamentals kept the investors in…
Karachi, April 15, 2020: Market opened on a positive note today with +165 points, which was primarily the reaction to partial opening of various industries and sectors decided by the Federal and Provincial Governments. The index surged by 572 points, barring E&P and O&GMCs, during the session despite downward trend in international crude prices. As…
Karachi, April 14, 2020: Market traded in the positive zone for most part of the session, despite international crude oil prices dipping below the pre-production cut levels. WTI saw declines of ~2.5 percent in international markets, which caused local investors to book profit on E&P and O&GMCs. Similar activity was observed in Cement sector that…
Karachi, April 6, 2020: The Pakistan Stock Exchange (PSX) closed lower on the first trading day of the week. The market opened on a positive note this morning but came under the hammer nose diving 1,118 points to finally close at 30,579 levels, down 3.3 percent. Overall market remained bearish with low volumes and limited…