PSX: Outlook and recommendation
The market started on a positive note this week in anticipation of Pakistan and the IMF reaching a Staff Level Agreement (SLA), in particular, energy stocks propelled the market to hope…
PSX market review for the week
The index remained range bound during the week as optimism regarding the start of the IMF's 9th review lost steam amid weakening economic indicators alongside worsening security situation. Tough economic…
Another mixed session was observed at the PSX today.
· Another mixed session was observed at the PSX today. Owing to the ongoing political instability, the market opened in the negative zone, but fluctuated both ways as the index reached…
Today at the PSX, a range-bound session was recorded.
· Today at the PSX, a range-bound session was recorded. The market opened in the green and traded within the same range as investor participation remained sluggish due to the continuous…
PSX Performance during Jan 2023
Trajectory of the equity market during Jan'23 strongly reflected all variables active in motion since the past year: abrupt change in economies policies, political instability and the IMF chase. Although…
The PSX concluded the week with a mixed session.
· The PSX concluded the week with a mixed session. The market opened in the red zone and traded in the same zone with sluggish activity throughout the first trading owing…
Another bullish session was taped today at the PSX.
· Another bullish session was taped today at the PSX. The market resumed with the same optimistic outlook as the previous closing. The index opened in the green zone, with the…
A negative session was recorded at the PSX today
· A negative session was recorded at the PSX today. The market opened in the green but bears rapidly took control, driving the index into the red throughout the first…
After two gloomy sessions, the Bulls returned to the PSX.
· After two gloomy sessions, the Bulls returned to the PSX. The market opened in the green and has remained in that range as investors choose to cherry picking selective…
The PSX witnessed a bloodbath session today.
· The PSX witnessed a bloodbath session today. The benchmark KSE-100 index opened in the green zone. Still, prevailing economic instability and political uncertainty plunged the index to an intraday low…
Pakistan stock market is expected to remain range bound in the upcoming week.
The market commenced on a positive note this week with news of progress on circular debt. Additionally, the market remained in green zone since Pakistan secured over USD 10 bn…
PSX market sentiment remains negative due to current political and economic instability
· Following the return of the business week, the bears had a successful day at the PSX. The benchmark KSE-100 index opened in the green, but bears gained control and drove…
Another mixed session was witnessed at the PSX today.
· Another mixed session was witnessed at the PSX today. The market started in the red but quickly turned green and traded in a constrained range the whole trading day…
The year started off on a positive note at the PSX
· The year started off on a positive note at the PSX. The market opened in the red but the bulls quickly took charge making an intraday high of 607.06…
Pak Elektron held its analyst briefing
Pak Elektron Ltd (PAEL) held its analyst briefing recently to brief about CY21/3QCY22 financial results and the company's future outlook. To recall, company posted PAT of PkR1.5bn (EPS: PkR1.71) during…
Globe Residency REIT – First Listed Developmental REIT at PSX
Globe Residency REIT (GRR) was listed at the Pakistan Stock Exchange today by Arif Habib Dolmen REIT Management Limited at a Gong Ceremony, making it Pakistan's first listed Developmental Real Estate Investment…
Bearish session has been recorded at the PSX today
· Bearish session has been recorded at the PSX today. The market opened in the green zone, but within initial trading hours, the bears took charge from the bulls, and the…
Waves Home Appliances recently diversified into a real estate project
· Waves Home Appliances Limited held its analyst briefing recently to brief about 3QCY22 financial results and the company's future outlook. To recall, the company posted PAT of PkR311mn (EPS: PkR1.16)…
Political uncertainty triggered falling of PSX last week
The KSE-100 underwent snap selling across the board as the index shed ~1,600pts (~4%) to break the 40,000 pts barrier. The selling resulted from economic concerns, political crisis, the drawdown…
Another negative session was witnessed at the PSX today
· A negative session was witnessed at the PSX today. The benchmark KSE-100 index recorded a lackluster session as investor participation remained low due to ongoing political unrest, with the…
The week started on a negative note at the PSX due to the ongoing political uncertainty
· The week started on a negative note at the PSX due to the ongoing political uncertainty, which kept investors squaring up their position in the market, with the index shedding…
The PSX market will continue to trade in a range, next week
The performance of the KSE-100 index remained subdued during the outgoing week as delays in the resumption of the IMF program, the heating up of the political climate and faltering…
The week closed off with a mixed session on the last business day
· The week closed off with a mixed session on the last business day. The market opened in the negative zone continuing the momentum from the previous close however, the market…
Volumes increased from 144.8mn shares to 146.7mn shares (+1.3% DoD) today at PSX
· The PSX had a range-bound session today. The benchmark KSE-100 index fluctuated in a narrow range throughout the day after the market opened in the red and quickly created…
Another range-bound session was witnessed at the PSX today
· Another range-bound session was witnessed at the PSX today. The market opened in the red but soon the momentum changed as the market traded in the green throughout the…