Karachi, July 22, 2020: The market remained range-bound making an intraday high and low of +286 & -148 points respectively, to finally close at 37,805 levels, +0.3 percent. Traded value stood relatively low at $106 million, down 9 percent and volume stood at 405 million shares, down 11 percent. Furthermore, major contribution to total market…
Karachi, May 20, 2020: In order to ensure the availability of limited banking services to public at large during the extended holidays on the occasion of Eid-ul-Fitr, it has been decided that banks / MFBs may open their selected branches on Wednesday, May 27, 2020 at their own discretion in various business centers / commercial…
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, March 04, 2020: Market continued to slide with another draw down of 437 points during the session. By the close of session, index recovered somewhat but ended -293 points from LDCP. Other than Cement and Steel sector scrips, all the other sectors sustained losses. News related to Naya Pakistan Housing Scheme, higher PSDP utilization…
Karachi, January 08, 2019: Again market took the toll of early morning Iranian strike on Iraqi Military base housing American soldiers. Oil price went haywire with an initial surge towards $72/bbl, but gradually came down as Iranian government signaled an end to confrontation for the time being. Oil & Gas chain bore the brunt of…