PSX team working to fix issues new trading system on October 30, 2021PSX has stated that its IT staff is continually working to fix Jade Trading Terminal’s (JTT’s) concerns and challenges with the new trading system. Pakistan Stock Exchange (PSX) (NTS). PSX released a statement on the NTS on Thursday, outlining the NTS’s complete operating status as of Monday. The Shenzhen Stock Exchange (SZSE) in China provided […]
SBP governor encourages banks to speed up approvals on October 28, 2021State Bank of Pakistan (SBP) Governor Dr Reza Baqir lauded the banking industry’s success in facilitating low-cost housing finance for first-time house buyers under the Pakistan Mera Ghar programme (MPMG). Banks have received applications totaling more than Rs200 billion as of October 18, 2021, according to the most recent statistics available. Of the Rs78 billion […]
FPCCI slams SBP governor over irresponsible statement on PKR depreciation on October 23, 2021Insensitive, reckless, and fictitious statements made by the Governor SBP about the depreciating value of the Pakistani Rupee and how it benefits Pakistan have been denounced by Mian Nasser Hyatt Maggo, President FPCCI. Pakistan’s business community expects the State Bank of Pakistan to be run by someone with greater competence and accountability, he said. After […]
KSE-100 extends gains over 320 points on October 22, 2021The benchmark KSE-100 Index concluded Thursday’s session up 322 points, extending its gains from the previous day at Pakistan Stock Exchange (PSX). The index began the day strongly, gaining almost 650 points in intraday trade to reach 46,162.78. The index closed the day at 46,162.78. Government officials’ assurances that IMF talks are going well and […]
IMF news calms investor sentiment, boosts KSE-100 on October 21, 2021A robust return in stocks was seen when trading resumed at the stock exchange following a holiday, with the benchmark KSE-100 Index closing above the 45,000 level amid encouraging news flow from the International Monetary Fund. The index had a strong start and held onto it throughout the day, finishing the session with a gain […]
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 […]