The 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
Irfan 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
Suleman 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
The 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
The 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
While 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
According 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 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
There 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
In 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, […]