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The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday. Investors reacted positively to Pakistan’s staff-level agreement with the International Monetary Fund (IMF). The benchmark KSE-100 Index soared by 1,139.15 points, closing at 117,772.31, marking a 0.98% gain. The index hit an intra-day high of 118,220.88 points. Buying pressure remained strong across multiple sectors. …
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The Pakistan Stock Exchange (PSX) suffered a sharp decline as concerns over the cement sector, low trading volumes, and IMF tax policies rattled investor confidence. The KSE-100 Index dropped 2,002.55 points (-1.69%), closing at 116,439.62, marking a significant downturn at the start of the trading week. Market Opens Weak Amid Cement Sector Concerns The day …
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The Pakistan Stock Exchange (PSX) saw a slight dip on Friday, ending a six-day rally as the KSE-100 Index fell 327.60 points (0.28%), closing at 118,442.17. Despite early gains, profit-taking and investor caution pushed the market into the red. Market Performance The index fluctuated throughout the session, reaching a high of 119,405.91 before dropping to …
Continue reading “PSX Rally Ends as KSE-100 Index Drops 327 Points”
KARACHI: The Pakistan Stock Exchange (PSX) soared to a new all-time high on Thursday. Investors reacted positively to reports of the International Monetary Fund’s (IMF) readiness to approve the government’s circular debt management plan. The bullish momentum gained strength as discussions on privatizing state-owned enterprises (SOEs) continued. Hopes of a cut in industrial power tariffs …
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The Pakistan Stock Exchange (PSX) surged as investor confidence grew over the circular debt resolution and progress in the International Monetary Fund (IMF) program. The KSE-100 Index gained 801.50 points (0.69%), closing at 117,001.09, extending its bullish momentum. Market Performance and Investor Sentiment The KSE-100 Index saw a strong trading session, reaching an intraday high …
Continue reading “Stock Market Soars on Circular Debt Resolution Hopes”
The Pakistan Stock Exchange (PSX) started the week on a strong note. Investor confidence soared due to progress in negotiations between Pakistan and the International Monetary Fund (IMF). Optimism over the resolution of circular debt in the energy sector also fueled market gains. The KSE-100 Index climbed 663.43 points, or 0.57%, closing at 116,199.59. This …
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The Pakistan Stock Exchange (PSX) continued its bullish trend on Friday, driven by expectations of a policy rate cut and progress in circular debt restructuring. Investors showed confidence as the market rallied ahead of the State Bank of Pakistan’s (SBP) monetary policy announcement on March 10. Market Gains on Positive Sentiment The KSE-100 Index surged …
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Pakistan Stock Exchange (PSX) welcomed a delegation from the Scientific Foundation for Financial Transactions (SFFT) Iraq to strengthen cooperation in Islamic finance. The meeting focused on enhancing Islamic capital markets and fostering financial innovation. Strengthening Ties in Islamic Finance A high-level Iraqi delegation of scholars visited the PSX to explore opportunities in Islamic finance. SFFT, …
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The State Bank of Pakistan (SBP) may announce a 50-basis-point (bps) interest rate cut in its upcoming Monetary Policy Committee (MPC) meeting on March 10, according to Arif Habib Limited (AHL). The falling inflation rate has created room for further monetary easing, but the central bank faces a delicate balancing act between economic growth and …
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The Pakistan Stock Exchange (PSX) has witnessed an unprecedented rally, sparking speculation about whether the KSE-100 index could reach 150,000 points. While government officials highlight economic improvements, many remain skeptical. However, investors in PSX are enjoying significant returns, with the index soaring from 40,000 to nearly 120,000 points. The question now is: can this momentum …
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The Africa-1 submarine cable has officially connected to Pakistan’s internet infrastructure, marking a major advancement in digital connectivity. The 10,000-kilometer-long high-capacity cable links Pakistan to Saudi Arabia, the UAE, Egypt, and France, enhancing the country’s global internet access. This initiative comes as a relief for users facing frequent disruptions in recent months. A Game-Changer for …
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The Pakistan Stock Exchange (PSX) continued its rally, fueled by surging oil prices, foreign investment pledges, and hopes for further monetary easing. Investor confidence strengthened as the KSE-100 Index climbed 253.96 points, closing at 113,342.43, with the keyword “economic optimism” driving market sentiment. Key Gains in KSE-100 Index The KSE-100 Index reached an intraday high …
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The Pakistan Stock Exchange (PSX) saw a sharp decline on Tuesday as profit-taking erased early gains, pushing the KSE-100 Index down 810 points. The benchmark index, which opened on a positive note, hit an intra-day high of 113,649.08 before intense selling pressure dragged it to a low of 111,828.11. By the end of trading, it …
Continue reading “KSE-100 Falls 810 Points Amid Profit-Taking and Uncertainty”
The capital market began the week on a sluggish note as global instability and trade tensions dampened investor sentiment. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index initially rose by 365.07 points (0.32%), reaching a high of 114,620.79. However, it later retreated, dropping to a low of 112,914.5. This represented a decline of 1,341.22 points, …
Continue reading “Capital Market Faces Instability Amid Global Tensions”
Karachi: The Pakistan Stock Exchange (PSX) witnessed a strong bullish rally on Friday, with the benchmark KSE-100 index climbing 1,000 points in intraday trading. At 4:12 PM, the KSE-100 index surged by 1,096.00 points, or 0.97%, reaching 114,302.40, up from the previous day’s close of 113,206.40. The upward momentum reflected a strong recovery following the …
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The Pakistan Stock Exchange (PSX) made a strong comeback after three consecutive losing sessions, with the KSE-100 Index surging over 1,700 points. Investor confidence returned, driving aggressive buying, particularly in the second half of the session. Market Rally and Key Performers The benchmark index soared to an intra-day high of 113,400.57 before closing at 113,206.40, …
Continue reading “KSE-100 Index Rebounds, Gains Over 1,700 Points on Strong Buying”
The Pakistan Stock Exchange (PSX) witnessed a remarkable surge on Friday, with the KSE-100 Index climbing 1.43% during intra-day trading. The index reached 115,662.87 points by midday, reflecting renewed investor confidence and strong market activity. Robust Gains and Market Activity The KSE-100 Index recorded a sharp increase of 1,625.08 points before trading paused for Friday …
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The Pakistan Stock Exchange (PSX) continued its upward momentum on Friday, buoyed by expectations of a rate cut in the upcoming Monetary Policy Committee (MPC) meeting and increased foreign interest, particularly in the cement sector. The benchmark KSE-100 Index gained 1,741.26 points, or 1.53%, reaching an intraday high of 115,779.05 before closing near its peak. …
Continue reading “PSX Surges on Optimism Over Rate Cut and Foreign Buying”
The Pakistan Stock Exchange (PSX) faced another tough session on Wednesday as the KSE-100 Index plummeted by 1,598.82 points, or 1.39%. The index closed at 113,443.43, reflecting weak investor confidence due to economic uncertainty and regulatory concerns. During the session, the index reached an intraday high of 115,256.16 before falling to a low of 113,359.37. …
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KARACHI: The Pakistan Stock Exchange (PSX) maintained its positive trajectory on Monday, as the benchmark KSE-100 index gained 572.73 points. The index closed at 115,844.82 points, up 0.5% from the previous session’s 115,272.08. The market witnessed a turnover of 675.04 million shares, up from 549.58 million shares in the last session. The value of traded …
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Karachi, January 17, 2025 – The Pakistan Stock Exchange (PSX) and 1LINK (Pvt) Limited have entered into a strategic agreement to enhance the book building process by introducing advanced online payment solutions. The revamped Book Building System (BBS) will allow participants to make seamless payments exceeding Rs 1 million through the 1LINK 1BILL platform. This …
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The Pakistan Stock Exchange (PSX) witnessed an electrifying trading session on Friday, with the benchmark KSE-100 index soaring by over 1,200 points in intraday trading. The index closed at 115,057.71, marking an impressive rise of 1,220.97 points (1.05%), reflecting newfound investor confidence. Key Drivers Behind the Rally The market’s upward trajectory was largely driven by …
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The Pakistan Stock Exchange (PSX) has officially delisted Engro Corporation Limited (ENGRO). The delisting took effect on Tuesday, January 14, 2025. The PSX announced the delisting in a formal notification. The decision follows the implementation of a Scheme of Arrangement. This scheme involved the merger of Engro Corporation Limited (ENGRO) with Engro Holdings Limited (ENGROH). …
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