Stock Exchange

KARACHI: Bulls dominated the stock market on Tuesday pushing the KSE-100 index up by 201.63 points (0.5 per cent). The intraday movement was relatively restricted as investors await economic clarity on budgetary front. The index closed at 39,615 after hitting an intraday high of 299 points. Positive investor sentiment was driven by anticipation of hydrocarbon […]

KARACHI: The stock market faced a steep drop on Monday as it took cue from international markets, which went down on fears of global economic slowdown over the next six to eight months. Similar sentiments echoed across world markets with sell-off in equities in Asian markets including India’s Sensex (-0.9%), Japan’s Nikkei (-3.01%) and China’s […]

KARACHI: The stock market bounced back on Wednesday from its continued dismal performance as renewed buying interest lent support to the index, which surged nearly 1,000 points. The KSE-100 index shot up from the moment trading began, gaining over 2% to power past the 37,600-point mark. Investors picked up stocks at attractive valuations as the index […]

Bears dominated the Pakistan Stock Exchange (PSX) on Monday, with the benchmark KSE-100 index losing 412 points, or 0.88 per cent, to close at 46,466. The market hit its high point at 46,929 within the first half hour of trading, but continued to fall and marked 46,336 as the day’s low towards the close of […]

KARACHI: A day after losing 480 points, the KSE-100 index gained 175 points in range-bound trading on Friday, driven by exploration and production and financial stocks. A surge in the State Bank of Pakistan’s foreign currency reserves and the rupee’s stability played the role of a catalyst in the bourse’s strength. Fertiliser stocks rose following a […]

Lahore – The KSE-100 index resumed its upward trajectory with the week closing 0.8 percent WoW higher at 42,842 level. Experts believe where investor confidence is gradually returning post clarity over the political front, wait and watch strategy is broadly visible as volumes plunged during the outgoing week. Average daily volumes declined by 27 percent WoW […]

China’s stock market has been overtaken as the world’s second-biggest by Japan’s, having been swiped this year by the threat of a trade war with the United States and slowing economic growth. Data from Bloomberg News in intra-day trade on Friday showed the value of equities on the mainland had slipped behind those in their neighbouring country […]

KARACHI: Moody’s Investors Service said on Tuesday the rupee will likely face ongoing depreciation pressures against the dollar after a five per cent downward adjustment last month. If the rupee depreciates markedly further, the State Bank of Pakistan (SBP) will find it difficult to keep inflation under control, it added. However, Moody’s said if the […]

The Pakistan Stock Exchange (PSX) landed in the red again on Thursday, with the benchmark KSE-100 index losing 596 points, or 1.54 per cent, to close at 38,224 points. The index lost over 200 points within the first 15 minutes of trading and CONTINUED  on a downward spiral to hit the day’s low of 38,127 […]

Pakistan Stock Exchange (PSX) closed higher on Tuesday, with the benchmark KSE-100 index gaining 152 points, or 0.37 per cent, to close at 41,279 points. The index hit a high of 41,411 points but fell mid-session to touch the day’s low of 41,025 points, only to recover towards the end. 99.68 million stocks worth Rs5.41 […]