Tag Archives: KSE-100

KARACHI: The Pakistan Stock Exchange took a battering on Monday over a deteriorating macroeconomic outlook and the benchmark KSE-100 index dived 648 points to close below the 44,000-point mark. The possibility of a further hike in electricity tariff to pave the way for resumption of $6 billion International Monetary Fund …

KARACHI: Bulls managed to sustain the uptrend after trading resumed at the Pakistan Stock Exchange (PSX) on Friday after a two-day holiday for 9th and 10th Muharram. Despite the lack of clarity on the emerging situation in Afghanistan and poor foreign direct investment (FDI) inflows, which slowed down to an …

KARACHI: The stock market took another hammering on Monday, with the benchmark KSE-100 index diving over 250 points by the day’s end to close below the 47,000-point mark. The benchmark index remained under pressure throughout the session and the market fell as low as 46,672.19, however, trading volumes improved slightly …

KARACHI: The stock market remained in consolidation phase and shares fell on Friday as investors trimmed their positions after a brief rebound witnessed earlier this week. Anticipation regarding multiple economic headwinds also fuelled concerns about domestic growth. Primarily the market was down due to profit-taking but uncertainties ahead are also …

KARACHI: The Pakistan Stock Exchange (PSX) extended the decline on Monday with a loss of over 350 points as it was held hostage to the gnawing fear of the fourth wave of Covid-19 and uncertainty in the global oil market. International oil prices fell 4%, extending last week’s steep losses …

KARACHI: In line with the preceding session, bears maintained their control over the Pakistan Stock Exchange (PSX) on Friday as rising Covid-19 cases caused selling pressure across the board. Uncertainty in the international crude oil market, with oil prices on track for their biggest weekly decline since March, coupled with …

KARACHI: Bulls held on to their positions for the third consecutive session at the Pakistan Stock Exchange (PSX) on Wednesday and helped keep the benchmark KSE-100 index in the positive zone with a slight advance of around 32 points. News of approval of $2.8 billion in fresh funds for Pakistan …

KARACHI: The stock market on Monday snapped a three-session bearish spell and rose nearly 400 points on the back of positive indicators. During the session, Pakistani rupee lost ground and touched almost a 10-month low of Rs163.67, which provided support to technology and textile sectors. Moreover, according to data released …

KARACHI: The stock market dropped sharply on Friday – the last day of futures rollover week – as investors were worried about the impact of Delta variant of coronavirus on Pakistan’s economic recovery. During the trading session, a provincial coronavirus task force meeting was held, which decided to impose lockdown …

KARACHI: After a day’s respite, the bears staged a comeback at the Pakistan bourse, pulling the KSE-100 index down by over 350 points as market participants took cue from the tumbling global markets. Asian stock markets dived as disruptions from China’s latest crackdown on a range of industries worsened. Moreover, …