KSE-100 records biggest single-day rise to break 46,000-point barrier on April 12, 2022After a long period of political uncertainty, the Pakistan Stock Exchange (PSX) saw the KSE-100 Index surge 1,700 points on Monday, the greatest day-on-day increase in points, to break the 46,000-point barrier. A rise of 1,700.38 points or 3.83 percent brought the KSE-100 Index to a final closing value of 46,144.9 6. This is the […]
Weekly Stocks Review: KSE-100 index finishes week in red on April 11, 2022Political uncertainty, poor economic statistics, and devaluation of the currency all contributed to an unstable trading environment at Pakistan Stock Exchange (PSX) this week, dampening investor confidence. The Supreme Court proceedings on the validity of the National Assembly Deputy Speaker’s judgment have kept the domestic political arena hot. For most of the week, political and […]
Interest rate hike will destroy economy: FPCCI chief on April 10, 2022Irfan Iqbal Sheikh, President FPCCI, has expressed his profound disappointment and concerns over an unexpected and massive hike in the key policy rate, i.e. 250 bps by the Monetary Policy Committee (MPC) of the State Bank of Pakistan. He said that the business, industry, and trade community is shocked; and, clueless at the same time […]
Stocks rise as political clarity fuels optimism on April 9, 2022On Thursday, the Supreme Court ruled in favour of a no-confidence vote against Prime Minister Yousuf Raza Gilani, and the central bank took action to reverse the investor mood. The KSE-100 Index rose by 658 points in the final trading session of the week, while both the volume and value of shares traded also increased. […]
KSE-100 down amid political, economic unrest on April 8, 2022Investors’ faith in the Pakistan Stock Exchange (PSX) was shaken on Thursday as the benchmark KSE-100 Index fell by 0.74 percent, although volumes and value of shares traded were up from the previous session. Because of the Supreme Court’s impending verdict on the National Assembly Speaker’s ‘Vote of No Confidence,’ investors chose to stay away […]
Islamic banking assets achieve new peak at Rs5.7 trillion in CY21: SBP on April 2, 2022The Islamic Banking Industry (IBI) has reached new peaks during CY21 as its assets surpassed the Rs5 trillion mark to reach Rs5,577 billion with the highest ever increase of Rs1,308 billion, whereas deposits reached Rs4,211 billion with an increase of Rs822 billion. State Bank of Pakistan (SBP) reported this today in its Islamic Banking Bulletin […]
KSE-100 rises 591 points amid unpleasant politics on April 1, 2022The KSE-100 maintained its winning ways on Thursday, as another bullish day on the Pakistan Stock Exchange (PSX) was recorded, with lowering oil prices assisting the benchmark index to gain 591 points. The index began the day on a strong note and remained in the green zone throughout the day, as bullish optimism prevailed, driving […]
KSE-100 drops 101 points after roller coaster ride on March 31, 2022The benchmark KSE-100 ended the session with a loss of more than 100 points, its first negative finish in almost a week, as pressure mounted on the current administration over a motion of no confidence against the prime minister. However, activity increased on Wednesday. After a jittery start to the day on Wall Street due […]
Weekly Stocks Review: KSE-100 rebounds in a brief trading week on March 28, 2022The Pakistan Stock Exchange (PSE) has shown some signs of revival in the last week ended on 25th March, mainly due to a dramatic drop in the country’s current account deficit (CAD) in February 2022 and the historic settlement of the Reko Diq dispute. As a result, the KSE-100 benchmark index finished the week up […]
Cost of basic cooking supplies rises on March 28, 2022For the past week, the prices of critical kitchen supplies have been volatile, according to a study by the Daily Times in Karachi on Sunday. During the week, the prices of most non-perishable commodities saw a mixed trend, but the cost of perishable items like fruits and vegetables rose. In addition, as the holy month […]