KSE-100: Stocks extend gains on upbeat economic projections; index up 203 points on May 26, 2021Bullish momentum continued at Pakistan Stock Exchange (PSX) as stocks extended gains for the third consecutive session on Tuesday, as investors’ sentiments remained upbeat on positive economic indicators. On Tuesday, the benchmark KSE-100 index clocked at 46,300 index level after gaining about 203 points by the closing bell, as the Index remained positive throughout the […]
KSE-100: Upbeat sentiments on revised-up GDP growth projections lifts index by 182 points on May 25, 2021Bullish momentum continued at Pakistan Stock Exchange (PSX) in the first session of the week following a positive momentum build-up on Friday, as investors continued to cheer the revised-up GDP growth projections and expectations of a people friendly- populist budget. On Monday, the benchmark KSE-100 index closed above 46,000 index level after gaining about 182 […]
KSE-100: Stocks stage come back as political uncertainty eases; index up 340 points on May 22, 2021Bullish momentum returned at Pakistan Stock Exchange (PSX) on Friday as investors breathed a sigh of relief on easing political tensions and reduced selling pressure from foreign investors. On Friday, the benchmark kse-100 index clocked at 45,914.98 index level, after gaining 340.19 points by the closing bell. The index touched an intraday high of 45,948.15 […]
Kse-100: Stocks extend losses on profit taking; index down 108 points on May 21, 2021Bears continued to dominate market sentiments at Pakistan Stock Exchange (PSX) on Thursday as investors remained heavily invested in Profit-taking, On Thursday, the benchmark kse-100 index clocked at 45,574.07 index level, after losing about 108.04 points by the closing bell. The index touched an intraday high of 45,830.77 and a low of 45,519.81. Market participants […]
KSE-100: Stocks plunge as political worries weigh heavy on May 20, 2021Bears returned to the Pakistan Stock Exchange (PSX) on wednesday ending two days winning streak as rising political din weighed heavy on investors’ sentiments. On wednesday, the benchmark KSE-100 index clocked at 45,682.11 index level, after losing about 300 points by the closing bell. The index remained negative throughout the session, and also touched intra […]
KSE-100: Positive economic indicators lifts stocks; index closes just shy of 46,000 level on May 19, 2021Bullish momentum continued to steer market sentiments at Pakistan Stock Exchange (PSX) for the second consecutive session, as benchmark kse-100 index gained 185 points by the closing bell to clock just shy of 46,000 key level. On Tuesday the benchmark kse-100 opened on a positive note and touched intra-day high at 46,034.46 after gaining 237 […]
KSE-100: Stocks extend winning streak; index up 621 points on May 18, 2021Bullish momentum steered the market sentiments at Pakistan Stock Exchange (PSX) on the first trading day of the week following an extended break, as benchmark KSE-100 index gained 622 points by the closing bell to clock at 45,796 level. On Monday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,807.49 […]
KSE-100: Stocks extends winning streak; index up 231 points on May 7, 2021Bullish momentum continued to rule the market sentiments at Pakistan Stock Exchange (PSX) as stock extended its winning streak into the third day owing to positive news-flow over resolution of long term IPP issue and government’s decision to renegotiate tariffs and tax issue with the IMF, lifted market sentiments. On Thursday, the benchmark KSE-100 opened […]
KSE-100: Stocks extend gains; index up 380 points on May 6, 2021Stocks extended gains at Pakistan Stock Exchange (PSX) for the second consecutive day, as positive news-flow over possible resolution of long term IPP issue and government’s decision to renegotiate tariffs and tax issue with the IMF, lifted market sentiments. On Wednesday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,173.61 […]
KSE-100: Selling pressure continues owing to pending futures open positions; index lost 186 points on May 4, 2021Stocks at Pakistan Stock Exchange (PSX) were hammered on the first trading day of the week as the index continued to lose ground to selling pressure over rising political uncertainty and negative economic indicators. However, pending futures open positions led to additional selling pressure on Monday. Irfan Saeed, Senior Vice president, BMA Capital Management Limited, […]