PSX mixed, KSE-100 down 0.19pc on August 2, 2022The Pakistan Stock Exchange (PSX) had a volatile start to the first trading day of the month. The benchmark KSE-100 index fell 0.19pc, and both the number of shares traded and their value fell by a large amount. The market sentiment was supported to some degree by the flow of news regarding the arrival of […]
4.5pc intra D-8 trade insufficient; PTA needs implementation: FPCCI on August 2, 2022Irfan Iqbal Sheikh, President FPCCI, has expressed his astonishment that the potentially powerful economic and trade bloc of Developing Eight (D-8) has only achieved 4.5pc regional or intra D-8 trade so far; despite being formed 25 years back and having a D-8 Preferential Trade Agreement (D-8 PTA) in place. Irfan Iqbal Sheikh has stressed the […]
AIG Karachi assured FPCCI of improved law & order on July 30, 2022Suleman Chawla, Acting President FPCCI, said Javed Alam Odho, Additional Inspector General of Police for Karachi Range, has assured FPCCI of an improved and facilitative law & order situation in the city. He added that the business, industry, and trade community of the city are the biggest stakeholders of the city as far as law […]
KSE-100 index rises 304 points on July 29, 2022The Pakistan Stock Exchange (PSX) saw a lift in investor sentiment as the KSE-100 index jumped more than 300 points and the volume and value of shares traded increased from the previous session. The KSE-100 had risen by 656.03 points to an intra-day high of 40,626.75 on Thursday. However, the benchmark index ended the day […]
KSE-100 rises 0.2pc on July 28, 2022The benchmark KSE-100 Index experienced a tumultuous trading session on Wednesday, ending modestly up due to uncertain economic conditions. The benchmark index fluctuated in a range of 493 points during the trading day. The KSE-100 ended the day at 39,972.64 with a gain of 78.59 points, or 0.20pc. According to a post-market comment made by […]
Govt will ease some import bans, says Miftah on July 28, 2022While speaking at a seminar on ‘Improving the Corporate Governance and Performance of SOEs’ hosted by the Finance Division on Wednesday, Finance Minister Miftah Ismail stated that the government would lift a ban on the import of certain goods in a “couple of weeks.” “We implemented an official prohibition on a large number of things, […]
Pakistan’s current account deficit jumps 59pc month-over-month on July 28, 2022According to statistics that were made public by the State Bank of Pakistan (SBP) on Wednesday, Pakistan’s current account deficit for the month of June was at $2.28b. This represents a 59pc increase when compared to the figure for May, which stood at $1.43b. The cumulative current account deficit for the fiscal year 2021-22 (FY22) […]
KSE-100 declines 0.58pc, volume drops on July 26, 2022On Monday, the Pakistan Stock Exchange (PSX) saw a lack of activity as investors stayed away from the market due to unattractive economic and political events. Trading volume and value both dropped significantly as the KSE-100 ended its first trading session of the week down 0.58pc. Monday’s trading day began on a downbeat tone, with […]
Further fuel, electricity rates hike unavoidable as dollar crosses 230: FPCCI on July 26, 2022There is no other option but to boost petroleum and electricity rates even further if the dollar continues to surge above Rs230 per dollar as observed on Monday’s Intra-Day Intra-Bank session, FPCCI acting president Suleman Chawla has firmly cautioned the government. Suleman Chawla emphasized that all the gains on the back of a substantive and […]
Weekly Stocks Review: Political upheaval causes PSX to fall on July 25, 2022In the face of mounting political uncertainty and ongoing rupee devaluation, the Pakistan Stock Exchange had a lacklustre trading week. As a consequence of this, the key KSE-100 index finished the week at a level of 40,077, reflecting a loss of 1,998 points. Sceptical investors hurried to sell their assets as the week got underway, […]