Bulls take quantum leap at PSX, index up by 1,565 points on June 6, 2017KARACHI: Pakistan equities on first day of the trading week remained in the tight grip of bulls as a strongly positive sentiments helped benchmark KSE 100 index to take giant leap by historical 1,565 points, 3.2 percent, to hit 50,121 level. Market opened gap up and increased steadily during the day as notable blue chips […]
Pakistan equities close worst trading week on a negative note on June 3, 2017Karachi: Pakistan equities ended on the worst trading week on a negative note with the KSE 100 losing 225 points and settling down at 48,555.30 level on Friday. Trading resumed on an absolute negative note, with the benchmark index plunging more than 1,400 points within the first 40 minutes of activity to set the day’s […]
Index drops by 861 points due to massive sell-off on June 1, 2017KARACHI: Pakistan equities on Wednesday witnessed massive sell-off ahead of the MSCI Emerging Markets upgrade as the benchmark KSE 100 index was pushed 861.59 notches down at 50,591.57 points A great step ahead for Pakistan Capital markets was however greeted with red as benchmark KSE100 index tanked by 1.7% primarily on profit-taking in EM stocks. […]
Equities close bearish in first post budget session on May 30, 2017karachi: Pakistan Equities closed lower in the first post budget trading session as investors negatively reacted to the implementation of single-slab CGT and higher tax on dividends. The benchmark KSE 100 index dropped 497.97 points to settle down at 52138.90 level. After a sideways open, the market declined steadily as participants booked profits after government […]
Business community calls it an election budget on May 27, 2017KARACHI: The business community, expressing mixed reaction over the Federal Budget 2017-18 – announced by the Finance Minister Senator Ishaq Dar on Friday – has termed it an “election budget” that was “comparatively better”. Siraj Qasim Teli, former president of KCCI, terming the budget as balanced has said that change was visible in the fifth […]
Pakistan suffers $123 billion in losses in war against terrorism on May 26, 2017KARACHI: The war against terrorism continues to financially bleed Pakistan as the country had to spend $123.13 billion, equivalent to Rs 10.373 trillion, in direct and indirect cost due to incidents of terrorism in last 16 years, says Economic Survey of Pakistan 2016-17 issued on Thursday. However, due to improved security situation, the losses are […]
Bulls continue to dominate PSX with 729-point surge on May 25, 2017KARACHI: On the back of continued MSCI euphoria the bulls at Pakistan Stock market remained on the driving seat for the third consecutive day on Wednesday by scaling all time high level and recording year to date highest ever trading volume. The benchmark KSE-100 index gained further 729.49 points, or 1.40 per cent to hit […]
Bulls rock PSX as index steadily gains 733 points on May 24, 2017KARACHI: Pakistan shares witnessed an impressive session on Tuesday as the benchmark KSE-100 index gained 773.46 points or 1.51 percent, to retest at the 52,146.97 level. Market opened positive and gained steadily from the word go as index names particularly MSCI EM constituents carried momentum and pushed benchmark KSE100 index above 52,000 by day’s close. […]
SBP keeps policy rate unchanged at 5.75% g FY17 GDP growth estimated at 5.3% on May 21, 2017KARACHI: The State Bank of Pakistan on Saturday – keeping the policy rate unchanged at 5.75 percent – said that the real GDP growth in current fiscal year FY17 is provisionally estimated at 5.3 percent. This represents a 10 year high as the revival of domestic demand has been instrumental in the current upturn. In […]
Current account deficit swells by 204.7% in 10MFY17 on May 18, 2017KARACHI: Pakistan’s current account deficit continues to swell on the back of declining exports and increasing import bills. The deficit has widened 204.7 percent in the ten months of current fiscal year 2016-17, 10MFY17. According to statistics released by State Bank of Pakistan (SBP) here on Wednesday the current account deficit has widened to $7.2 […]