Decade-end bell rings at PSX amid high hopes on January 1, 2020The Pakistani stock market witnessed a volatile year during 2019.The benchmark KSE 100 Index gained 3,668 points (9.9%) as compared to 2018. The market gave positive returns after two years since 2016 when it surged by 45.68%. The stock market registered a dismal performance from January 1st 2019,till August 16, 2019 as it recorded a […]
PSX retreats ahead of New Year on December 30, 2019Pakistan Stock exchange (PSX) witnessed lack of interest amid lack of triggers. In the second last trading day of the year 2019, market did show some positive momentum initially ,however, it lost momentum as the selling pressure witnessed in Banking and E&P sector drove down the index. The equity market ended today’s trade on a […]
PSX retreated amid technical trading on December 28, 2019Pakistan stock exchange (PSX) edged lower amid technical trading. Amid year closing ,the mutual funds and the banks primarily ventured into technical trading in order to balance off the books. The KSE-100 index opened and concluded the first trading session on a slightly positive note as it managed to gain 62 points. However, in the […]
Pakistani stocks resume bull-run with 800-point rally on December 26, 2019Bulls returned to Pakistan Stock Exchange (PSX) as the bourse completed its correction mode to cross the 41,000 level, after it surged 800 points as investors displayed strong sentiment amidst heavy buying. At close, the benchmark KSE 100 share Index recorded an increase of 799.47 points, or 1.98%, to settle at 41,127.79. The Primary factor […]
Bulls and bears battle at key market level on December 18, 2019The Pakistan Stock Exchange (PSX) crossed 42000-level in the second trading session of the week continuing its bull run however it witnessed a volatile trading session as the benchmark KSE 100 Index experienced an early high jump followed by a free fall. The index stormed past the 42,000-mark for the first time in 2019 soon […]
Spike, swoon, repeat: KSE 100 falls flat on December 13, 2019KSE 100 Index ended an exorbitantly volatile session 0.04% lower, as the buying and selling contest continue in order to book profits. Absence of triggers resulted in selling pressure for investors. However, yesterday’s decline in PIB yields failed to drive up the index, as it indicated that the interest rate will remain steady, against the […]
PSX sheds 289 points amid profit-taking on December 10, 2019The Pakistan Stock Exchange (PSX) started the week in a dull territory as the indices traded within a narrow range before closing the session in 0.72% lower. Amid expected correction and lack of triggers the investors offloaded stocks to book profits. Irfan Saeed, Senior Vice President BMA Capital, added the market will continue to correct […]
KSE 100 maintains rally as index gains 370 points on December 6, 2019The Pakistan Stock Exchange (PSX) extended its rally to accumulate gains on Thursday, as benchmark KSE 100 Index added over 500 points intraday. The index continued its upward momentum as Moody’s changed Pakistan banking outlook from negative to stable, affirming the B3 long term local currency deposit ratings which caused the price gains in banking […]
Bulls keep bears at bay amid buying spree on December 5, 2019After Tuesday’s correction, the Pakistan Stock exchange (PSX) gained 1.2% as the index settled higher by 481.79 points clocking at 40,270.52. The indices remained positive throughout the session, though the market took a dip and fell by 129 points during the session. Investors’ confidence dampened during the early trade, after the Consumer Price Inflation (CPI) […]
KSE 100 sheds 335 points amid due correction on December 4, 2019The Pakistan Stock Exchange (PSX) shed 335 points amid profit-taking, as KSE 100 failed to sustain the momentum after crossing 40,000 mark in the previous session. The benchmark KSE 100 Index recorded its intraday high at 40,444.05 after gaining 319.83 points during the initial trading hours. It then changed its direction and recorded its intraday […]