The Pakistan Stock Exchange (PSX) on Monday kicked off on a positive note, hitting the day’s high of +511 point on early excitement of Pakistan reaching a deal with the International Monetary Fund (IMF) on a 39-month Extended Fund Facility (EFF) programme of $6 billion. However this positivity couldn’t last long, as the market came […]
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PSX recovers despite political mayhem
Bears were defeated in Friday’s trading session despite of tension in the political environment as market witnessed major recovery. Market opened positive and touched a high of +362 points as institutional participation was witnessed mainly in the blue chip stocks. Market remained positive throughout the day and closed at 37,131 points level. Positive sentiments in […]
PSX lands in red as KSE-Index sheds 629 points
Pakistan equities closed Wednesday on a negative note with benchmark KSE-100 Index shedding 629 points, closing at 36,752 levels, down 1.7 percent. The local bourse made a high and a low of +37 & -690 points, respectively. Market came under pressure on the lack of clarity on the economic front. Moreover, banking sector led the […]
Stocks in Pakistan recover as trade figures improve
The benchmark KSE-100 Index on Thursday gained 208 points or 0.6 percent, to close at 36,788 levels. The local bourse made a high and a low of +331 & -80 points, respectively. Market came under duress due to selling pressure by the local institutions. The KSE-100 remained positive through most of the session as trade […]
Energy, financial scrips push PSX Index up
Pakistan equities closed Tuesday positive with benchmark KSE-100 Index gaining 208 points, closing at 37,130 levels, up 0.6 percent. The local bourse made a high and a low of +349 and -329 points, respectively. An equity analyst at IIS Securities said the positive sentiment was mainly driven by improved trade numbers for the month of […]
Bearish sentiment continues as PSX index sheds 599 points
Pakistan Stock Exchange (PSX) Index shed 600 points Monday to close at 36,922 levels, down 1.6 percent. Pressure was seen in the market over political noise as the Foreign Minister Shah Mahmood Qureshi stated about Delhi planning more military action against Pakistan in the third week of April. An equity analyst at IIS Securities said […]