Stock Exchange

KARACHI: The bulls took a breather in the outgoing shortened (four session) week with an addition of 271 points (0.8 per cent) to close at 35,975. The market needed a cooling-off period after the mind-blowing gains of 2,537 points or 7.65pc, the highest weekly return in 10 years in the preceding week. For the outgoing […]

KARACHI: Stocks re­­mained on the slippery slope for the second day with the KSE-100 index sliding by 487.10 points (1.39 per cent) to close at 34,681.72. The sell-off in the two days has dragged the index down by 900 points (2.53pc) wiping out almost all the gains that the market had managed in the last […]

KARACHI: The stock market snapped the four-session gaining streak and reverted to the negative territory. On Monday, the KSE-100 index lost 404.13 points (1.14 per cent) and closed at 35,168.82. It wiped off minor gains of 68 points (0.19pc) that the index had accumulated the previous week as a result of market’s oversold position. The […]

ISLAMABAD: Accepting the demand of stockbrokers, the government on Thursday approved Rs20 billion fund to support struggling stock market through state-run National Investment Trust (NIT). A formal decision to this effect was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Adviser Dr Abdul Hafeez Shaikh. “In […]

Despondency was in the air following a seven-week selling spree that saw the value of stocks plunge 14 per cent as the KSE-100 index touched a three-year low of 33,167 points. Finance Minister Dr Abdul Hafeez Shaikh met stockbrokers and other stakeholders on May 17 and surprisingly agreed to a series of demands, including the […]

ISLAMABAD: The government approved on Thursday to utilise Rs20 billion savings of pensioners and bank depositors to buy shares by investors in relaxation of prudential regulations aimed at giving an artificial ‘boost’ to wealthy brokers and end volatility at the Pakistan Stock Exchange (PSX). “In order to stabilise the stock market of the country, the Economic […]

KARACHI: Bulls charged relentlessly on Wednesday with the KSE-100 index recording gains of 1,010.15 points (2.89 per cent) to close at 35,959.43. Except for the retreat of 2.10pc a day ago and flat performance on Monday, the index has continued to display meteoric rise in 10 of the 12 sessions in a row, accumulating splendid […]

KARACHI: Stocks staged a rally on Wednesday with the KSE-100 index benchmark gaining over 1,000 points intraday. Positive sentiments prevailed at the exchange following confirmations by the finance adviser and SECP chairman that the government is considering putting together a fund to buy equities. The fund, which is aimed at stabilising the stock market, might be […]

Pakistan Stock Exchange (PSX) chief executive officer Richard Morin on Tuesday resigned from his post. A notification of his resignation was shared on the PSX website. According to The Banker Pakistan, an emergency meeting of the PSX Board of Directors (BoD) was held today during which Morin submitted his resignation. It was approved by the board. […]

KARACHI: Stocks performed remarkably well in the outgoing week as the benchmark KSE-100 index snapped a seven-week bearish streak and finished trading with a gain of 2,537 points or 7.65% – the highest weekly gain in a decade – at 35,704 points. The last highest weekly gain in a decade came in the first week of […]