KSE-100 falls 0.86pc on June 21, 2022The Pakistan Stock Exchange (PSX) saw investors take profits in the opening trading session of the week, resulting in a weaker KSE-100 Index. A large drop was also seen in the volume and value of shares traded. The rupee lost Rs1.21 or 0.58pc to close at 209.96 to the dollar as the IMF rescue programme […]
Weekly Stocks Review: Rumours keep market flat on June 20, 2022The International Monetary Fund (IMF) expressed dissatisfaction with the proposed government budget for the 2022-2023 fiscal year, which caused the Pakistan Stock Exchange (PSX) to commence the week on a sour tone and see a bloodbath. Because of this, the market dropped by 1,135pts from the previous day’s close. During the course of the week, […]
CPSP, Gambat Institute sign MoU on June 20, 2022Pir Abdul Qadir Shah Jeelani Institute of Medical Sciences, Gambat has achieved another milestone of accreditation of FCPS / MCPS training programs in various disciplines in collaboration with College of Physicians and Surgeons Pakistan. CPSP team comprising President Prof Mohammad Shoaib Shafi, Senior Vice-President Prof Khalid Masood Gondal (Tamgha-e-Imtiaz & Presidential Pride of Performance) Prof […]
FATF optimism boosts PSX to 42,000 on June 18, 2022There was an improvement in investor confidence on Friday at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 index on the PSX closed the day up 410.60 points, boosted in part by optimism that Pakistan will be removed from the Financial Action Task Force’s (FATF) grey list. Additional assistance was provided by market expectations […]
IT & ITeS exports to cross $3b: FPCCI on June 18, 2022FPCCI acting president Shabbir Mansha has expressed his longstanding concern that despite having a young, energetic, and driven population of 65pc, Pakistan has not yet even partially capitalized on its potential in the various tech industries in general and in information technology and information technology-enabled services (ITeS) in particular. On the other hand, he insisted […]
KSE-100 ends up over 290 points on June 17, 2022The Pakistan Stock Exchange (PSX) rose for a third day in a row following the government’s announcement to raise fuel prices further in order to appease the International Monetary Fund (IMF). While trading volume and share price rose, the KSE-100 index gained 291 points on Thursday. In the course of the day, the KSE-100 Index […]
FPCCI fears multiplier effect of astronomical hikes in POL prices on June 17, 2022Shabbir Hassan Mansha, Acting President FPCCI, has expressed his shock and awe at the astronomical increase in the prices of petrol and diesel. Increase in petrol price by Rs24.03 per litre will crush the masses and Rs59.16per litre in diesel price will have a multiplier effect on goods transportation costs; which will drive the commodities […]
FPCCI decries lack of budgetary measures for industries on June 16, 2022FPCCI acting president Shabbir Hassan Mansha has remarked that the federal budget for 2022-23 is inconsistent and lacks clear justifications for many budgetary and fiscal objectives. In contrast, the business community anticipated an industrial package that would catapult the nation into an industrialization and import substitution model. He noted that the business community is concerned […]
FATF grey list expectations boost KSE-100 on June 16, 2022The market’s hope that Pakistan could be removed from the Financial Action Task Force’s (FATF) grey list fuelled a 384-point rise in the KSE-100 on Wednesday, continuing the surge that began on Tuesday. During the first post-budget session on Monday, the KSE-100 Index fell by 1,135 points as investors weighed the potential impact of the […]
KSE-100 surpasses 41,000 mark amid modest volume on June 15, 2022The benchmark KSE-100 Index rose 175 points on Tuesday, a day after it suffered one of its worst declines in 2022, as investors hoped Pakistan will be removed from the Financial Action Task Force’s (FATF) enhanced monitoring list, often known as the grey list. The KSE-100 ended the day at 41,054.68, up 174.75 points or […]