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…
A positive session was witnessed at the PSX today
· 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…
During 9MCY22, the KSE-100 index went down by -7.8% (-3,467 points).
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…
The PSX witnessed a bloodbath session today
· 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…
Nishat Chunian Power shares fall after results 1QFY23
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…
A range bound session was witnessed at the PSX today
· 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…
The PSX nosedived today as a bloodbath session was witnessed.
· 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…
Due to rollover week, the PSX remained under pressure today
· 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…
The PSX market is expected to remain positive in the upcoming week
The market commenced on a negative note this week amid hustle and bustle in the political arena. Furthermore, the Pak Rupee remained under pressure against the greenback, closing at PKR…
Arif Habib Dolmen REIT Management applies for listing of Globe Residency REIT (GRR) at PSX
Arif Habib Dolmen REIT Management Limited (AHDRML) has applied for listing to Pakistan Stock Exchange (PSX) to list Globe Residency REIT (GRR), which once approved would become Pakistan's first listed…
The PSX today had a mixed trading session
· The PSX today had a mixed trading session. The market started out strong, but the Pak rupee's weakening against the US dollar eroded investor confidence and caused profit-taking, triggering the…
Another range bound session was witnessed at the PSX today
· Another range bound session was witnessed at the PSX today. The market traded in the positive zone, despite the lackluster activity that was observed throughout the trading session due…
A range bound session was witnessed at the PSX today.
· A range bound session was witnessed at the PSX today. The benchmark KSE-100 index shed 193.05 points at the end of the trading session after starting the day in…
Recommendation for next week of PSX
We expect the market to be positive in the upcoming week, given anticipation of FATF decision over expected exit of Pakistan from grey list. Moreover, with the ongoing result season,…
PSX market review for the week
The index lost momentum gained over the last two weeks and once again closed below the 42k mark. Despite the SBP maintaining policy rate at 15% in the MPC meeting…
Another range bound session was witnessed at the PSX today
· Another range bound session was witnessed at the PSX today. Despite opening in the green zone the benchmark KSE-100 index recorded a lackluster session as investor participation remained low,…
PSX witnessed a range bound session today
· PSX witnessed a range bound session today as investor choose to book profits. The benchmark KSE-100 index despite opening in the positive zone failed to continue the momentum whereas participation…