PSX wraps up FY21 with a 37% return on July 1, 2021Pakistan Stock Exchange (PSX) concluded fiscal year 2021 on wednesday, posting a 37 per cent return as compared to a paltry 1.5% in FY20. The index closed at 47,356 by gaining a mammoth 12,934 points during the fiscal year as against a minor gain of 520 points in FY20. However, on a monthly basis, the […]
KSE-100 index jumps 135 points despite Year-end sale by Insurance companies on June 30, 2021Pakistan Stock Exchange (PSX) witnessed a topsy-turvy trading session on Tuesday,as heavy selling pressure by Insurance Companies shadowed budget-approval optimism at the market. On Tuesday, the index began the session on a positive note right after the opening bell and crossed the 47,500-point mark briefly after gaining over 500 points. However, failing to sustain the […]
Kse-100: MSCI downgrade fears, roll-over adjustments weigh; index plunges 359 points on June 26, 2021Pakistan Stock exchange (PSX) witnessed panic selling on the last trading session of the week, after the previous session’s modest recovery, owing to MSCI downgrade fears and roll-over adjustments. On Friday, the index began the session on a positive note after the opening bell and crossed the 48,000-point mark, as Investors went on a value-hunting […]
KSE-100: Stocks extend losses for 3rd consecutive session, index down 86.44 points on June 24, 2021Stocks extended losses for the third consecutive session on Wednesday, as market activity remains dull owing to the last roll-over week of the fiscal year 21, ramping up selling pressure at Pakistan Stock Exchange (PSX). On Wednesday the benchmark KSE-100 index witnessed a range bound trading session and settled at 47,900 level after posting an […]
KSE-100: Roll-over week spoiler, Budget uncertainty weighs on index on June 23, 2021Stocks extended losses for the second consecutive day on Tuesday, as post macro cues and last roll-over week of the fiscal year 21, continue displace investors’ sentiments at Pakistan Stock Exchange (PSX). On Tuesday the benchmark kse-100 index witnessed a range bound trading session and breached 48,000 level to clock at 47,987 points after posting […]
KSE-100: Post-budget macro cues continue to displace investor sentiments; index down 226 points on June 22, 2021PSX-continues-bullish-trend-gains-827-points-e1576187826235Stocks resume losing trajectory on Monday after previous session’s breather, as budget enthusiasm continues to dwindle owing to resurfacing macro cues, which has displaced investors’ sentiments at Pakistan Stock Exchange (PSX). On Monday the benchmark kse-100 index witnessed a range bound trading session and clocked at 48,012 level after posting a 226 points loss. The […]
KSE-100: Lack of positive triggers pulls down index by 151 points on June 17, 2021Stocks extended losses for the second consecutive day on Wednesday, following a choppy session at Pakistan Stock Exchange as lack of positive triggers ensued selling pressure. On Wednesday the benchmark KSE-100 index witnessed a range bound activity,as it witnessed a spike after the bell owing to a short buying spell in selective stocks, but failing […]
Post-budget investors’ excitement lifts KSE-100 index by 421 points on June 15, 2021Stocks witnessed post-budget enthusiasm on Monday at Pakistan Stock Exchange (PSX) as benchmark KSE-100 index moved up 421 points by the closing bell to clock at 48,726 level Friday’s power pack growth-led budget unveiled multiple benefits for the stock market which supported investors’ hopes, lifting the index to touch intraday high just short of 49,000 […]
Budget Day Trading: Stocks steady at KSE-100 index after a flip-flop session on June 12, 2021Stocks took a breather on Friday following a strong comeback in the previous session at Pakistan Stock Exchange (PSX) as investors awaited for the much hyped up budget announcement, on a day full of speculations. On Friday, the market opened on a positive note and touched an intra day high of 48,531 level over budget […]
KSE-100 index breaches 48,000 level as budget uncertainty riles market sentiments on June 10, 2021Stocks continue to wobble at Pakistan Stock Exchange (PSX) for the second consecutive day as profit-taking led selling pressure plunged benchmark KSE-100 index below 48,000 level. On Wednesday, the index traded in positive territory after the opening bell, but it could only hold on for a short time before plunging below 48,000 level after losing […]