Pak Suzuki Motor Company resumes booking for cars: Due to the government’s tough stance on imports, recent months have been turbulent for Pakistan’s automobile industry. Numerous automakers, including Pak Suzuki Motor Company (PSMC), were compelled to implement production reductions in order to deal with the rising inflation as a result of the letter of credit’s […]
PSMC
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 […]
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 […]