Bitcoin Price Crash! Is it the beginning of the end or another wild swing? on January 13, 2021Bitcoin traders were caught off-guard, when the price of top cryptocurrency crashed over 21% over Sunday and Monday early this week, wiping off nearly $140 billion in total market capital, as traders took profits on the spectacular rally so far this month in light of a stronger dollar and growing political uncertainty in US- owing […]
KSE-100: 2020 marks the highest index closing in 4 years on January 1, 2021Pakistan Stock Exchange (PSX)consolidated its position in 2020, as benchmark Kse-100 with a year-on-year gain of 7%, managed to closed at 43,755.38 level, its highest year-end index closing in past four years. During the year 2020, Pakistan’s stock market witnessed a tumultuous year, as the Covid-19 pandemic which has killed over 1.8 million people so […]
Revolutions in Pakistan via recycled clichés on December 14, 2020Pakistan’s political landscape has become an echo chamber of self-serving political charlatans and pseudo-visionaries who promise glorious future to the masses- when not in power. Every political party in the country has become a flag bearer of revolution- a word so ubiquitous that it seems like it has lost all meaning. But, what piques with […]
Should Pakistan celebrate Biden presidency? on November 11, 2020Relationship between Pakistan and United states has been both cooperative and conflictive, in their brief checkered history, but as U.S President- elect Joe Biden is set to occupy White House in Washington as the 46th president of the United States for the next four years, what’s in it for Pakistan? Following a grand slam home […]
What makes US presidential election tortuous? on November 6, 2020The world is set to embrace a new president at the White House in Washington, DC as the polling results of the U.S presidential election makes headlines across the world. The race to white house has been marred by scandals, vicious political attacks on the competing opponents and accusations of fraud. But, as the democratic […]
Will Covid-19 resurgence haunt PSX again? on November 3, 2020Detesting investors are grappling over another domino effect of resurging Covid-19 in Pakistan, as market sentiments continued to dwindle at Pakistan Stock Exchange (PSX). The panic selling witnessed over the past four trading sessions at PSX benchmark Kse-100, resulted in nearly 3,900 points lost, which has raised fears of another stock market crash witnessed in […]
KSE-100 index slips 330 points amid speculation on September 22, 2020Stocks took a dip on Monday as investors speculated ahead of monetary policy which was due to be released later in the day. Pakistan stocks exchange benchmark Kse-100 index lost 330.63 points on the day to close at 42,174.13. The market sentiments were primarily driven by speculation over monetary policy by State Bank of Pakistan […]
PSX Diary: Should investors fear a Minsky Moment? on September 5, 2020Strong fundamentals, investors’ exuberance and politico- economic triggers drove Pakistan stock market to witness record volumes in nearly 15 years and cross 42,000 mark in September. However, as the benchmark index Kse-100 is headed towards achieving new milestones, the threat of a Minsky moment looms large. Pakistan’s stock market witnessed a rocky ground ever since […]
Wall Street rally: A dot-com bubble repeat? on September 1, 2020Gazing into the cloudy crystal ball of recent stock market boom at Wall Street, one can never fell short of thinking of another dot-com bubble, when five years of euphoria in tech stocks in 1990s burst into a nearly 78% drop in stock prices over two years following the bubble burst. Ever since the Covid-19 […]
US-China trade deal; Devil in detail on January 17, 2020US and china has signed phase-1 trade deal in Washington, at a ceremony at the white house, marking a truce in the trade war that rattled the global economy for nearly two years. Celebrating the trade deal, US president Donald Trump said the pact would be “transformative” for the US economy while Chinese leader called […]