Rice exports at risk as climate change engulfs Pakistan on August 9, 2022Climate change is rice crop nemesis, and it can have detrimental consequences on its yield and quality, as a result it will be hard for Pakistan to maintain food security with current economic situation and ongoing global supply chain crisis. Punjab and Sindh are main producersof rice in Pakistan,about 90pc production of Pakistan total rice […]
Weekly Stocks Review: Bulls push index above 42,000 on August 8, 2022The KSE-100 index climbed past the 42,000-point threshold this week thanks to a number of good announcements and triggers that pushed the market higher. On a down note, as investors anticipated EC’s verdict in the foreign funding case, the week started out. As a result of the ruling against the PTI, the market enjoyed a […]
KSE-100 gains 1.62pc on falling energy prices on August 6, 2022The KSE-100 index gained for a fourth consecutive session on Friday, as investors continued to be optimistic about the Pakistan Stock Exchange (PSX) despite falling global energy prices and the rupee’s continued rise against the US dollar. Oil prices plummeted to multi-month lows during the day, with WTI crude oil selling for $87.95 per barrel […]
Rs996b pumped into the OMO by SBP on August 6, 2022According to a statement released by the State Bank of Pakistan (SBP) on Friday, the SBP conducted an open market operation (OMO) in the form of a reverse repo in order to infuse Rs996 billion worth of liquidity into the money market. The State Bank of Pakistan reported that of the 996 billion rupees that […]
2m hectares affected by salinization in Indus Basin: FPCCI chief on August 6, 2022FPCCI president Irfan Iqbal Sheikh said that we need to have an effective, modern, and futuristic salinization management system in place as 2 million hectares of land have been affected by salinity in Indus Basin. It is a matter of food security for our future generations, he added. Mr. Irfan Iqbal Sheikh explained that tile […]
PSX surges for third day, KSE-100 gains 0.87pc on August 5, 2022The KSE-100 index rose 0.87 percent on Thursday, extending the previous session’s gains on the Pakistan Stock Exchange (PSX). This was in response to official claims that the $4b financial gap identified by the International Monetary Fund has been bridged (IMF). Thursday’s KSE-100 index closed at 41,425.37 points, up 356.5 points or 0.87 percent from […]
SBP governor to set up joint interaction committee with FPCCI on August 4, 2022The State Bank of Pakistan (SBP) Acting Governor Dr. Murtaza Syed has announced the formation of a committee and appointment of an SBP liaison officer for close coordination with the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and timely redressal of grievances of business committee. He made this announcement during his visit to […]
KSE-100 rises 2.18pc on bullish triggers on August 4, 2022The benchmark KSE-100 index rose roughly 2.18pc on Wednesday, propelled higher by a rising rupee and positive developments at the International Monetary Fund (IMF). The stock market was also helped by a smaller trade deficit as imports decreased. A rise of 877.26 points or 2.18pc brought the benchmark KSE-100 Index to final closing of 41,068.87. […]
IMF statement boosts KSE-100 index 0.29pc on August 3, 2022KSE-100 Index rose 0.29pc on Tuesday, following a two-session decline, as the International Monetary Fund (IMF) conditions for receiving the next loan tranche were met, reviving market optimism. A meeting of the International Monetary Fund’s Board of Governors has been tentatively scheduled for late August once enough financial assurances are in place. According to a […]
PSX to be closed on 8th, 9th due to Ashura on August 3, 2022Pakistan Stock Exchange (PSX) has declared that the share market will be closed for Ashura holidays on August 8 and 9 of 2022. PSX in its notice said, “All TRE certificate holders, staff, and concerned are hereby informed that Pakistan Stock Exchange Limited will remain closed on Monday, August 8th, 2022 and Tuesday, August 9th, […]