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…
Karachi, July 12, 2019: Pakistan Stock market remained lacklustre on Friday, following the trend seen in recent past sessions. The source of Low volumes and lack of investor confidence in equities appears to be a higher interest rate, which was further aggravated by an earlier than anticipated schedule of Monetary Policy. As per SBP, Monetary…
Karachi, July 11, 2019: KSE100 index, at Pakistan Stock Exchange, has been on a losing streak with continuous slide in both volume and index level. Yesterday, the volumes reached an 8 year low of 40 million, and on Thursday marked yet another low of 39.5 million shares. Cement sector led the volumes table with 5.4…
Karachi, July 9, 2019: Pakistan Stock Exchange on Tuesday went up today by 308 points but couldn’t sustain the selling pressure and went down to -86 points. Last half hour of trading brought the market back in positive territory. Overall volumes remained low at 60 million shares for the third consecutive session. Cement sector led…
Karachi, July 03, 2019: Pakistan stock market continued its upward momentum, taking inspiration from yesterday’s close amid anticipation of the approval of bailout package worth $6 billion from the IMF executive board due today. On Wednesday At the end of the session, the pakistan stock exchange’s (psx) benchmark 100-share index recorded an increase of 589.44 points…