Covid fears, foreign selling, CGT payment settlement keep index under pressure on August 1, 2021Investors yet again struggled to find a catalyst to break beyond the 48,000 index level at benchmark KSE-100 last week, as heavy selling pressure owing to a spread of Delta variant of Covid-19, foreign investors’ settlement and CGT payments kept the index under pressure. The PSX benchmark KSE-100 index exhibited a range bound session as […]
Lacklustre trading activity, foreign selling kept index in check on July 25, 2021Investors struggled to find a catalyst to set a direction at Pakistan Stock Exchange (PSX) in the shortened (two-session) outgoing week, as risk-shy investors remained away from the index, owing to the rising Afghan crisis, resurgence of Covid-19 and foreign selling pressure. The PSX benchmark KSE-100 index exhibited a range bound session as it clocked […]
CGT uncertainty, Afghan crisis tAkE toll on investor sentiments, keeping index in check on July 18, 2021Stocks witnessed a cautious trading activity in the outgoing week, as risk-shy investors remained away from the index, owing to the rising Afghan crisis and approaching CGT submission deadline. The benchmark kse-100 index exhibited a range bound session as it clocked at 47,834 points, up 0.6pc WoW, after trading between the weekly high of 47,890 […]
Weekly Review: Institutional sell-off ahead of FY21 closing, lukewarm investor sentiments kept kse-100 index in check on July 4, 2021Stocks witnessed a topsy-turvy trading week, as Institutional investors hedging their bets ahead of the financial year close and series of other negative indicators kept the benchmark kse-100 index in check. Equities continued to remain volatile in the outgoing week, with the benchmark index closing at 47,686 points, up 0.2% WoW. Despite positive triggers, including […]
Weekly Review: KSE-100 index standing at highest level since May ’17; heading towards 50,000 mark on June 13, 2021Spike, Swoon and repeat was the cycle witnessed at Pakistan Stock Exchange (PSX) during the week, since market sentiments were primarily dominated by the budget excitement, economic survey and partial uncertainty over Government-IMF talks on taxes. The week began with the 92 points gain at the kse-100 index as investors cheered completion Rs89.2 billion transactions-in […]
Govt’s ‘pro-growth’ budget: The winning leap on June 12, 2021Pakistan is on the cusp of major change; transitioning into an era of prosperity and growth from the arduous journey of recovery and stabilization, as the PTI government presented its third budget for FY 21-22 to the tune of Rs 8.5 trillion, setting up an economic growth target of 4.8 percent. The budget can be […]
Fight against Debt Trap on June 11, 2021tIf history is our guide, Pakistan has always been vulnerable to balance of payment crises and debt trap, since it always relied on geo-political rents to raise its foreign exchange reserves. Ever since 1958 the country has opened up its debt market and to fill its coffers it has gone to International donors, to maintain […]
Fix the Banks on June 8, 2021In a much fanfare and extravaganza, Prime Minister Imran Khan, to facilitate the general public from his government’s ambitious low-cost housing scheme-Naya Pakistan Housing Policy, launched a mobile unit, which will act as a one-window solution to provide information and collect applications for loans. The mobile unit, in partnership with the Naya Pakistan Housing Authority […]
Forced evictions: People up in arms against Bahria Town on June 7, 2021Forced eviction and illegal occupation of ancestral land led to a pour out of hundreds of protesting villagers outside Bahria Town Karachi, and set the main gate on fire. The desperate and angry demonstrators did not stop there and entered its premises to vandalise the private properties. A heavy contingent of police was on the […]
‘Media martial law’ in the offing on June 3, 2021Gagging, restricting, controlling media has always been a dream of every government and regime, through tacit or legal way-whatever suits those at the helm of power. From the first world to the third world countries, the world has always been the same for the media-as attempts to silence the jounalists through killings, slander, troll and […]