PSX

PSX witnesses another slump as 100-index sheds 1002 points

PSX witnesses another slump as 100-index sheds 1002 points

KARACHI – The KSE-100 Index closed today (Thursday) at 38300.63 points as compared to 39303.11 points on the last working day with a negative change of 1002.48 points.The total turnover was 189,763,050 as compared to 138,104,150 on the last working day with Worldcall Telecom having the highest turnover of 20,670,500.The KMI 30 index declined by […]

PSX records fresh decline of 299 points, touches 39,303

PSX records fresh decline of 299 points, touches 39,303

KARACHI  – The capital market was once again under the command of bears with the index suffer fresh declines under the lead of cement, steel, auto manufacturer, oil and gas exploration on continuous rise in foreign debts and difficulties facing to clear the on-going payments and rumors of changes in the ministry level especially the […]

PSX remains bullish for third consecutive session

PSX remains bullish for third consecutive session

(Web Desk) – The capital market for the third consecutive session registered sharp rise of 2.3 percent over the reports that soon brotherly countries would also announce financial assistance for the country help bailing out from the economic mess boosting sentiments of the local mutual funds, banks and high net worth individuals.However dollar movement at […]

PSX opens week on a flat note

PSX opens week on a flat note

The Pakistan Stock Exchange (PSX) opened the week flat with the benchmark KSE-100 index losing 54 points to close at 45,489 points.The index opened higher, climbing around 280 points within the first few minutes to hit the day’s high of 45,842, but could not keep the momentum going.In all, 249 million shares worth Rs8.6 billion […]

PSX stages recovery amid lack of triggers

PSX stages recovery amid lack of triggers

OUR EQUITIES CORRESPONDENT KARACHI: The five-day trading week was cut short by a holiday on Thursday. Despite sharp drop in international oil prices, the KSE-100 index managed to break its two-week losing streak and recover 562 points (1.2 per cent) to settle at 48,971 points on Friday. In the absence of triggers and no noticeable […]

Rollercoaster ride continues at PSX, SECP cleaning likely to smoothen the ride

Rollercoaster ride continues at PSX, SECP cleaning likely to smoothen the ride

KARACHI: After shedding nearly 1,000 points on Monday the Pakistan Stock Exchange (PSX) benchmark index continued the slide on Tuesday; it opened in red and fell like the London Bridge. For the first half hour of trading, the benchmark 100-index was down more than 600 points trading well below 48,500 points, and when the speculators […]

PSX stake sale deal to bolster Sino-Pak linkages: Ishaq Dar

PSX stake sale deal to bolster Sino-Pak linkages: Ishaq Dar

KARACHI: Finance Minister Ishaq Dar on Friday spoke to media at the share purchase deal-signing event in Pakistan Stock Exchange (PSX). Lauding the progressive development in his speech, Dar said, “The sale of 40 percent stake of Pakistan Stock Exchange [to the Chinese Consortium] is a historical moment for the country.” The finance minister further […]

Bullish trend continues at PSX as 100 index touches 46,540

Bullish trend continues at PSX as 100 index touches 46,540

KARACHI: Pakistan’s KSE-100 Index is once more on a bullish trajectory today (Thursday), continuing upwards from its gain since the past 10 days. The market opened today at 46,185 points, and dipped over 40 points just after 9:30 AM. However, it reversed the losses and shot up to peak at 46,540 points at 11:22 AM. […]