KSE-100 index maintains advances on October 16, 2021After posting its greatest day of the year on Thursday, the KSE-100 extended its surge on Friday, gaining 1.1 percent or 488 points. Market confidence has been strengthened by expectations of successful discussions with the International Monetary Funds (IMF). The index began positively but momentarily swung to the downside before recovering to reach an intra-day […]
KSE-100 has its best day, rising over 1100 points on October 15, 2021Pakistan Stock Exchange (PSX) rebounded emphatically on Thursday, with the benchmark KSE-100 Index surging beyond the 44,000 barrier by 2.57 percent, the largest increase this year, as excellent valuations and days of negativity paved the ground for a bullish run at the exchange. After a dismal start that brought the index close to the 43,000 […]
KSE-100 falls 661 points in closing hour on October 14, 2021The stock market began trading on Wednesday with a slight advantage over Tuesday, but this advantage did not last long; after gaining 290 points intraday, it reached 44,172.74 points but then plunged 815 points owing to selling pressure, setting a new low of 43,067 points. The Pakistan Stock Exchange (PSX) closed Wednesday’s trading day in […]
KSE-100 recovers after suffering a loss of over 600 points on October 13, 2021In intraday trading, Pakistan’s KSE-100 lost 680 points before stocks recovered strongly to enable the index close modestly up on Tuesday. The KSE-100 gained 53.73 points, or 0.12pc, by Tuesday’s end, to close at 43,883.08. Early in the day, the index continued its downward trend from the previous day, dropping as low as 43,150 by […]
SBP eases conditions for renewable energy solution providers on October 12, 2021According to the State Bank of Pakistan (SBP), in order to encourage corporate investment in renewable energy solutions, it has relaxed the requirements for renewable energy solution providers under its refinance scheme for renewable energy. Refinance is now available to all Renewable Energy Investment Entities (RE-IEs) that are interested in constructing renewable energy projects or […]
Rise of 173 points puts the KSE-100 above 45,000-points on October 5, 2021On Monday, the benchmark KSE-100 Index rose to close at 45,000, with trading volume remaining unchanged. The KSE-100 Index started the day on a lower note, dropping by 0.69 percent to an intra-day low of 44,561 points. With optimism over IMF talks guiding the market in the second half, the stock market closed at 45,044.50 […]
Alvi assures exporters of full support on October 1, 2021A lot of optimism was expressed by President Dr Arif Alvi during his remarks at the 44th FPCCI Export Awards in Karachi. He said Pakistan has overcome its COVID-related challenges to a considerable part and its economic growth is headed in the right route. According to him, Pakistan stands to gain from the rapid changes […]
Sept marks stock market’s worst month since start of Covid on October 1, 2021The benchmark KSE-100 Index for Pakistan’s stock market ended September on a high note, but the market had its worst month since the pandemic-driven bloodbath in March 2020 as currency depreciation, geopolitical concerns, and a growing current account deficit weighed on economic sentiment. In absolute terms, the KSE-100 fell by 5.3 percent in September, or […]
PSX nosedives on Taliban sanctions bill; sheds 908 points on September 30, 2021Pakistan-Stock-Exchange-PSXMarket players responded negatively on Wednesday to Pakistan’s string of negative news, sending the KSE-100 down by 2.01% or 908 points, to close near 44,300, a low last seen in April 2021. China’s increasing power crunch also affected the benchmark KSE-100, which followed Wall Street’s overnight losses and saw Shanghai and Hong Kong shares fall […]
KSE-100 snaps seven-day losing streak, gains 457 points on September 29, 2021Investing in cherry-picked stocks across the board helped the KSE-100 Index snap a seven-session losing streak on Tuesday, closing at around 45,300 on the Pakistan Stock Exchange (PSX). Value and volume of shares increased as the index departed from its early-day range. With 457.17 points or 1.02 percent added to its value, the KSE-100 index […]