Karachi, March 10, 2020: Market rebounded today erasing most of the losses sustained yesterday. Market opened on a positive note today with +145 points, however, dipped again and lost 145 points (intra-day). Oil & gas stocks kept the selling pressure on, due to low oil prices that maintained a plateau of ~U$34/bbl. Interestingly, both OGDC…
Karachi, March 09, 2020: Market witnessed bloodbath situation, which was triggered by the crashing of oil price from US$45/bbl on Friday’s opening to US$ 28/bbl today (a staggering 62 percent decline). Resultantly, oil stocks hit lower circuit breakers, with OGDC and PPL showing offers of 16 million and 13 million throughout the day. Similar situation…
Karachi, March 05, 2020: Bears were defeated in today’s session as the market witnessed recovery. The benchmark index opened positive and touched a high of +836 points as institutional participation was witnessed mainly in the main board stocks. The market remained green throughout the day and closed at 39,382 (+476 points) level. Positive sentiments in…
Karachi, February 26, 2020: Pakistan Stock Brokers Association (PSBA) is pleased to announce that the Federal Government has been kind enough to grant license to PSBA as a trade organization to represent Stock Brokers / Equity Brokerage Services on all Pakistan-basis. Today, PSBA held its first meeting under the Chairmanship of Mr. Aqeel Karim Dhedhi…
Karachi, February 25, 2020: Market opened 105 points down but quickly went green with 104 points for a short while, only falling back in to red zone for the rest of the session. During the session, index lost 451 points and closed the session -285 points. E&P, Banks, and OMCs largely faced selling pressure, whereas…