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…
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…