Karachi, May 04, 2020: Market saw some profit booking today on the back of developing situation on international front and reclining oil prices, which also came down after posting significant gains last week. E&P and OMCs traded considerable volume and largely maintained a higher average than last trading session. Banking sector stocks, on the other…
Karachi, April 28, 2020: Market saw rebound of cement sector as the concerns over cement price / bag dissipated. Upcoming data release on inflation and possible rate cut helped investors take a positive view on equities. International crude oil prices edged lower, with WTI slipping below US$ 11/bbl that kept pressure on E&P stocks. PSO,…
Karachi, April 24, 2020: Market traded in a narrow range on the last day of rollover week. The benchmark index oscillated between -111 points and +218 points and closed the session -44 points. Pre-open session saw announcement of financial results of OGDC, LUCK and MLCF as key triggers for the Cement and E&P sectors. OGDC…
Karachi, April 23, 2020: Market traded range bound for most of the session, with Cement, Banks and Engineering (Steel) sectors facing selling pressure, whereas Oil & gas stocks trading green. International crude price rebounded overnight for WTI to trade +15 percent from its previous close and helped OGDC, PPL and HASCOL hitting upper circuits. Sentiment…
Karachi, April 22, 2020: Tumbling international crude prices, especially that of Brent (traded below US$ 16/bbl briefly), caused the damage to investor sentiment Wednesday. Pre-open session saw oil & gas (E&P and OMC) stocks with heavy volumes on offer. Market opened on a negative note and saw a loss of 529 points during the session….