The week began with a range-bound session at the PSX.
· The week began with a range-bound session at the PSX. The benchmark KSE-100 index opened in the green but failed to maintain momentum due to political and economic uncertainty, as…
Pakistan weekly stock roundup – December 09, 2022
In the outgoing week, the market remained jittery, even though Pakistan repaid its $1bn international bond on time and Saudi Arabia extended its USD 3bn deposit to the SBP. The…
The benchmark KSE-100 index finally ended its losing streak, trading in the green all day
· The benchmark KSE-100 index finally ended its losing streak, trading in the green all day. Following a clarification by the finance division regarding the 9th review of the IMF Program,…
A mixed session was witnessed at the PSX today
· A mixed session was witnessed at the PSX today. The market opened in the green territory however, selling momentum built up over the ongoing political clamor in the country.…
A bloodbath session was recorded at the PSX today
· A bloodbath session was recorded at the PSX today. The market opened in the green, but lack of investor participation and redemptions caused the index to drop 632.29 points intraday…
PSX Performance during November, market up by 2.6% despite political noise
The KSE-100 index posted a jump of 1,084 points / +2.6% MoM during Nov'22 to close at 43,349 points. Early on during the month, the Finance Minister assured that monetary…
A range-bound session was witnessed at the PSX today
· A range-bound session was witnessed at the PSX today. The market opened in the green zone but the lack of investors' participation dive the index down into the red zone…
A bloodbath session was witnessed at the PSX today due to increase in interest rates
· 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…
The week concluded with another range-bound trading session at the PSX today
· 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…
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 green zone but due to the ongoing political uncertainty, investors chose to book profits at…
A range-bound session was witnessed at the PSX today
· 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…
A positive session was witnessed at the PSX today
· 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…
A negative session was witnessed at the PSX today due to the ongoing political chaos
· 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…
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 positive zone however, due to the rupee-dollar parity and delayed 10th review of the IMF Program…
A range-bound session was witnessed at the PSX today
· 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,…
A review of PSX this week’s performance
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…
Yet another positive day was witnessed at the PSX today
· 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…
The bulls returned to the PSX today
· 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)…
Fly Jinnah chooses Sastaticket.pk as preferred booking platform
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 new week got off to a solid start for the PSX with a strong momentum
· 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…
PSX market Review for the week
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.…
A Negative session was observed at the PSX today
· 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…
A positive session was witnessed at the PSX today
· 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…
The benchmark index remained flat during the month of October 2022
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,…
Systems Ltd will continue to focus on organic and inorganic growth
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…