In the first installment of latest circular debt clearance, the government has settled 40% of the overdue receivables of Rs 200 billion for listed independent power producers (IPPs) while the remainder receivables are expected to be settled by Dec’21. Shahrukh Saleem, a senior analyst at AKD Securities Ltd informed that 40% settlement of dues is […]
HUBC
PSX Index closes at 35-month low as uncertainty persists
Pakistan equities closed Tuesday bearish with benchmark KSE-100 Index shedding 498 points, closing at 36,404 levels, down 1.3 percent. The local bourse witnessed a dull trading session making a low of -766 points. An equity analyst at IIS Securities said KSE-100 index remained under pressure throughout the session Tuesday due to uncertainty over the International […]
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 […]
Investor concerns take PSX index down 3% WoW
The KSE-100 index bled through most of the week, closing 2.9 percent week-on-week (WoW) lower at 37,522 levels. Market participation also dipped during the week with 7.5 percent WoW decline in average daily traded volume (119 million shares) and 20.4 percent WoW decline in average daily traded value (US$ 25 million). Almost all sectors contributed […]
Pakistan stocks remain under selling pressure, shed 319 points
Pakistan equities closed further negative on Tuesday as the benchmark KSE-100 Index shed another 319 points, closing at 38,036 levels, down by 0.8 percent from the previous day’s close. Consumer Price Index (CPI) inflation for March-2019 settled at 9.41 percent year-on-year (YoY), depicting a surge of 120bps from the preceding month on back of surge […]