· A bloodbath session was witnessed at the PSX today. The State Bank of Pakistan unexpectedly raised interest rates by 100 basis points during the post-close session of the previous business day, shaking investors’ confidence. As anticipated the benchmark KSE-100 index opened in the negative zone and shed 972.79 points in the intraday.… Continue

·       The week concluded with another range-bound trading session at the PSX today. The session began in the positive zone after the name of the new COAS was announced, providing much-needed clarity on the political ground. However, after the second session resumed, the index traded in a narrow range, drying up volumes as investors chose to remain on the sidelines in anticipation of today’s Monetary Policy announcement.… Continue

· Another range-bound session was witnessed at the PSX today. The market opened in the green zone but due to the ongoing political uncertainty, investors chose to book profits at higher levels. Given President’s final approval for the COAS appointment remained pending, investor confidence remained lackluster.… Continue

· A range-bound session was witnessed at the PSX today. The market opened in positive zone but lack of investors’ participation plunged the index down into the red and continued to trade in the same zone for most of the trading session.… Continue

· A positive session was witnessed at the PSX today. Due to the inclusion of 4 companies of KSE-100 index in Morgan Stanley Capital International (MSCI) Frontier Market Pakistan. The KSE-100 Index opened in a positive zone and while driven by the bulls gained 315 points.… Continue

· A negative session was witnessed at the PSX today. The market opened in the negative zone and continued to trade in the same range as a lackluster opening session concluded. Investors’ participation in the market remained low due to the ongoing political chaos.… Continue

·      Another range-bound session was witnessed at the PSX today. The market opened in the positive zone however, due to the rupee-dollar parity and delayed 10th review of the IMF Program snapped investors’ confidence resulting in the index losing 214.38 points at the intraday low and closing in the red.… Continue

· A range-bound session was witnessed at the PSX today. The market opened in the red zone on account of political uncertainty, but later in the day investors jumped back, turning the index green and helping it reach an intraday high of 184.95 points.… Continue

The market commenced on a positive note this week as the country is expected to get USD 13bn financing from China (USD 9bn) and Saudi Arabia (USD 4bn). The momentum carried on during the week as Saudi Crown Prince Mohammad bin Salman is expected to visit Pakistan on November 21st and may announce various investment projects.… Continue

· Yet another positive day was witnessed at the PSX today. The market opened in the positive territory although lacklustre activity was noticed which led the index to lose 96.39 points at the close of the opening trading session. However, the benchmark KSE-100 did rebound once the trading resumed as investors resurfaced following the Finance Minister’s announcement of a $13 Billion package from China and Saudi Arabia.… Continue

·        The bulls returned to the PSX today. After the finance minister announced  USD 500mn financing by the Asian Infrastructure Investment Bank under the BRACE (Building Resilience with Active Countercyclical Expenditure) initiative supported by Asian Development Bank, the investors gained considerable confidence, and the session opened in the green zone and kept the bullish momentum throughout the trading day.… Continue

Pakistan’s leading travel booking platform, Sastaticket.pk and Fly Jinnah; a new entrant to Pakistan’s aviation sector, have entered into a collaboration/partnership under which Fly Jinnah tickets would be available through the Sastaticket.pk platform.

Under the collaboration, Fly Jinnah customers would be able to seamlessly book their flights through the Sastaticket platform on attractive and discounted rates.… Continue

·        The new week got off to a solid start for the PSX with a strong momentum. The benchmark KSE-100 index opened in the green and moved in the same range throughout the day, due to favourable expectations of monetary inflows from Saudi Arabia and China, as well as attractive valuations of stocks kept the investors involved in the market.… Continue

The market continued to trade in the 41-42k range in search of triggers however, underwent some recovery in the outgoing week on the back of softening trade and services deficits. Political tensions remained high and caught more traction following the assassination attempt on ex-premier Imran Khan who launched a rally towards Islamabad last week in a bid to convince the incumbent government into calling general elections.… Continue

· A Negative session was observed at the PSX today. Due to the ongoing political uneasiness, the market tanked as soon as the bell rang and kept losing ground during both sessions, which caused investors to shy away from the equity market, drying up volumes across the board while third-tier equities continued to garner attention.… Continue

·        A positive session was witnessed at the PSX today continuing the favorable momentum from the previous close. Despite opening in the red territory the market bounced back and made an intraday high of 288.87 points as investors opted for value hunting in the main board. … Continue

The benchmark index remained flat during the month of October 2022 and witnessed a marginal gain of 0.3% or 136ptsMoM. The decline in PIBs and T-bills yields during the month, the unchanged SBP Policy Rate at 15%, the Finance Minister statement that  Pakistan will not pursue the debt restructuring from the Paris Club and the payment of Euro bonds would be on time, the international financial institution including IMF, WB, and ISDB assured Pakistan of full cooperation and support floods related rehabilitation, the inflow of USD1.5 bn from ADB, exit from the FATF’s grey list after four years, resuming CPEC projects, and future investment expectations from Saudi Arabia kept investors’ confidence strong.… Continue

SYS had an analyst briefing today to discuss recent financial performance and outlook, while providing guidance on the near-term outlook. The management highlighted that they will continue to focus on organic and inorganic growth, exemplified by the recent acquisition of NdcTech and TreeHouse for PKR7.3bn and PKR336mn respectively.… Continue

·        Despite the lack of investors’ participations a positive session was witnessed at the PSX today. Prevailing political clatter kept the volumes dry in the main board as 3rd tier stocks continued to be the volumes leaders.

·        The Index closed at 41,264.66pts, up by 124.33pts (0.30% DoD).… Continue

Challenges have continued to pile on in the ongoing year, ranging from high international commodity prices amid post-COVID demand supply problems and the Russia-Ukraine war, as well as high domestic inflation, hike in the policy rate augmenting borrowing costs, slowdown in the local economy slashing demand (particularly after the devastating floods in Jul-Aug’22), and restrictions set by the SBP on imports and LC opening.… Continue

·        The PSX witnessed a bloodbath session today. As the prevailing political clamor pushed KSE-100 to plunge by 487.67 points in an intraday low. The market remained under pressure throughout the day as investors opted to stay on the sideline during both sessions.… Continue

Nishat Chunian Power Limited (NCPL) announced its 1QFY23 financial result today, where the company posted a profit after tax (PAT) of PKR 960mn (EPS: PKR 2.61), up by 57% YoY compared to PKR 612mn (EPS: PKR 1.67) in the same period last year.… Continue

·        A range bound session was witnessed at the PSX today. The benchmark KSE-100 index started off in the green, but the continuous political unrest kept investors away, causing the index to hit an intraday low of 221.37 points. On the other hand, value buying was seen in the final hour of trading, which led the index to close in the green.… Continue

·        The PSX nosedived today as a bloodbath session was witnessed. After the former prime minister unveiled his plans for the long march, investor confidence was shaken, and the market fell to an intraday low of 699.90 points right from the start of the trading day.… Continue

· Due to rollover week, the PSX remained under pressure today. Despite starting the day off in the green, the market was unable to maintain the positive momentum and spent majority of the trading session in red. On the contrary, major financial announcements were made but investors’ participation was subdued as volumes decreased overall.… Continue