Karachi, May 23, 2018: Stocks in Pakistan enjoyed a dramatic, V-shaped recovery after intense sell-offs in the past few weeks. The KSE100 Index has staged an impressive 6.4 percent rally over the past 2 days. Cheaper valuations and the potential for continued profit gains helped support this rebound among equities. At the end of the…
Karachi, May 16, 2019: All the gains made yesterday got eroded in early trading at Pakistan Stock Exchange on Thursday. During the session, the index slid by 717 points. However, recovered by the end resulting in an unadjusted closing of -234 points. Panic selling ensued increase of dollar in inter-bank market. The spread widened in…
Karachi, May 15, 2019: Market made a positive move on Wednesday, courtesy of Amnesty Scheme as well as news of successful drilling at Kekra. Resultantly, E&P scrips performed well and Investors, in general, took positive bets on Fertilizer, Cement, Banks, and Steel. Cement sector topped the volumes table with 19.4 million shares, followed by Banks (14…