Karachi, September 5, 2019: Pakistan Stock Exchange Thursday closed lower and index declined by 30 points. Analysts said that what started as a sign of recovery turned out to be a short lived spike. DGKC and MLCF that started the day on a positive note and saw upper circuit (DGKC) and close to upper circuit…
Karachi, September 4, 2019: Pakistan Stock Exchange on wednesday gained some 435 points on positive outlook. Release of CPI data proved to be required stimulus that the investors were waiting for Latest release of CPI indicates a lower than anticipated reading and gave confidence to the view that SBP will likely consider revising down the…
Karachi, September 3, 2019: Market opened on a positive note today with +25 points an extended gains till +190 points after which selling activity caused the index to plunge by 318 points. Last half hour of market kept the selling pressure, ending the session with -248 points (unadjusted). OGDC, PPL performed well earlier in the…
Karachi, September 2, 2019: The domestic equity bourse underwent a decline of 2,266 points in Aug’19, translating into a negative return of 7.1 percent and 5.5 percent in USD terms; this is the worst-performing month of CY19 taking CYTD return to -19.9 percent (USD based -29.1 percent). Major reasons behind this subdued performance was heightened…
Karachi, September 2, 2019: After encountering a technical glitch at start, Pakistan Stock Exchange progressed well during the day, led by across the board buying activity in E&P, Banks, Cement and Steel Sectors. The main reason behind the surge in index can be attributed to resolution a host of measures approved by SECP over the weekend…