Pakistan Weekly Update – February 24, 2023
The market started on a positive note this week as parliament passed the Finance Bill, aimed to change certain laws relating to taxes and duties in order to generate an…
The PSX concluded the week with a mixed session.
The PSX concluded the week with a mixed session. The market opened in the green zone, although initially bulls drove the market but soon bears took the charge as investors…
Bears took charge at the PSX today after consecutive bullish sessions
· Bears took charge at the PSX today after consecutive bullish sessions. The benchmark KSE-100 opened in the red zone due to speculation of a policy rate hike in the coming…
The bullish trend at the PSX resumed today.
· The bullish trend at the PSX resumed today. The benchmark KSE-100 index opened in the green and continued to trade in that territory throughout the session, owing to the positive…
Today at the PSX, a negative session was recorded to kick off the week
· Today at the PSX, a negative session was recorded to kick off the week. The market opened in the red and continued to trade in that region, reaching an…
PSX: Outlook and Recommendation
At the start of the week, the market experienced a downturn in response to anticipated mini-budget post-discussions between the government and the International Monetary Fund (IMF). During a session on…
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…
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