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The Pakistan Stock Exchange (PSX), on Wednesday, experienced a sharp downturn as profit-taking erased all intra-day gains, pushing stocks into negative territory. The benchmark KSE-100 Index, which had surged to new highs earlier, fell back under selling pressure as investors cashed in on recent gains. KSE-100 Index Slips After Scaling New Highs At 2:55 pm, …
Continue reading “Profit-Taking Drags Down PSX, Erases Intra-Day Gains”
Karachi: The Board of Directors of K-Electric Limited in its meeting held on September 10, 2021_at KE Head Office, approved the financial results for the year ended on 30 June 2021. During the period, driven by investments of around PKR 81 Billion across the power value chain supplemented by improved economic conditions and revival of …
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Karachi: Pakistani equities fell further on Tuesday, as investors remained concerned about the possibility of the Pakistan Stock Exchange (PSX) being included into the Morgan Stanley Capital International (MSCI) index. Today, MSCI will announce Pakistan’s reclassification from Emerging Markets (EM) to Frontier Markets (FM). On November 21, the semi-annual index review, the prospective reclassification is …
