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Author Archives: Matiur Rehman

PSX rallies by 505pts as bull-run continues

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KARACHI: The Pakistan Stock Exchange rallied by 505 points on Tuesday helping benchmark KSE 100-index closed at 45,877 points. Market kicked off on a positive note and made an intra-day high of +540 points as active participation was seen in energy, cements and financials. Yesterday’s major heavyweights namely HBL (+1.21 percent), OGDC (+1.76 percent), PPL (+0.88 percent), UBL (+1.90 percent), ... Read More »

PSX gains another 220pts till midday

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: The upward rally continued at Pakistan Stock Exchange (PSX) till midday as the benchmark 100-index gained 220 points to take the tally to 45592 level on Tuesday. The stocks started day on positive note and added 181 points to reach 45553 level in early trading. Yesterday, the stocks opened the week on a positive note as the benchmark KSE-100 ... Read More »

Stocks add 181pts in early trading

KSE 2

KARACHI: The Pakistan Stock Exchange (PSX) Tuesday started day on positive note and added 181 points to reach 45553 level in early trading. Yesterday, the stocks opened the week on a positive note as the benchmark KSE-100 index gained 113 points to close at 45,372 points. The index lost a few points in the opening hour to touch the day’s ... Read More »

PSX starts week on positive on, gains 113pts

KSE2

KARACHI: The Pakistan Stock Exchange (PSX) opened the week on a positive note as the benchmark KSE-100 index gained 113 points to close at 45,372 points on Monday. The index lost a few points in the opening hour to touch the day’s low of 45,192 points, but traded in the positive zone for most part of the day, hitting a ... Read More »

PSX recoups till midday, adds 129pts

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KARACHI: Opened on negative note, the Pakistan Stock Exchange (PSX) recouped till midday and added 129 points to reach 45372 level on Monday. The stocks started week on negative after shedding 63 points to drop to 45196 level in early trading. On Friday, the stocks ended the week with another negative session as the benchmark KSE-100 index lost another 128 ... Read More »

Stocks start week on negative note

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KARACHI: The Pakistan Stock Exchange (PSX) Monday started week on negative after shedding 63 points to drop to 45196 level in early trading. On Friday, the stocks ended the week with another negative session as the benchmark KSE-100 index lost another 128 points to close at 45,259. The index opened higher and traded in the 45,300-45,500 point range for most ... Read More »

PSX closes negative after 91pts loss

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KARACHI: The Pakistan Stock Exchange (PSX) Thursday continued trading in the red, with the benchmark KSE-100 Index losing 91 points to close at 45,388. The index touched the day’s high of 45,492 at the start of trading, but traded in the negative for the most part of the day, slumping to a low of 45,123 at one point. Trading was ... Read More »

PSX remains bearish till midday, drops 187pts

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: The Pakistan Stock Exchange remained bearish till midday as the benchmark 100-index dropped 187 points to reach 45291 level on Thursday. The stocks started keeping previous day’s bearish note and shed another 151 points to reach 45327 level in early trading. On Wednesday, the PSX showed decline of 323 points or 0.7 percent as investors remained reluctant to trading. ... Read More »

Stocks open negative shedding 151pts

KSE 2

KARACHI: The Pakistan Stock Exchange on Thursday started keeping previous day’s bearish note and shed another 151 points to reach 45327 level in early trading. On Wednesday, the PSX showed decline of 323 points or 0.7 percent as investors remained reluctant to trading. Banking sector remained laggard yesterday and eroded 103 points from index (as market is expecting decline in ... Read More »

PSX closes negative after shedding 323pts

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KARACHI: The Pakistan Stock Exchange opened positive but turned negative after intraday and closed bearish after shedding 323.10 points to drop to 45478.63 on Wednesday. The stocks recorded the highest trading level of 46003.96 points and lowest level of 45423.95 points, with the volume of 156.03 million shares and value of Rs8.36 billion. As many as 367 companies were active; ... Read More »

PSX sheds most of early gains till midday

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KARACHI: The Pakistan Stock Exchange shed most of the early gains but remained in green zone till midday as the benchmark 100-index added 42 points to reach 45844 level on Wednesday. The stocks started day on bullish note and added 147 points to reach 45949 level in early trading. On Tuesday, the stocks turned positive after declining in three straight ... Read More »

Stocks open on bullish note, add 147pts

KSE2

KARACHI: The Pakistan Stock Exchange Wednesday started day on bullish note and added 147 points to reach 45949 level in early trading. On Tuesday, the stocks turned positive after declining in three straight sessions, as the investors are excited about upcoming results where Engro Polymers and Lotchem are likely to post healthy growth in their earnings owing to uptick in ... Read More »

PSX recoups some previous losses, closes positive at 45,802pts

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KARACHI: The Pakistan Stock Exchange opened lower and continued on the downward trajectory till midday but bounced back and closed positive 119.49 points to take the tally to 45,802 level on Tuesday. The stocks recorded the highest trading level of 45881.84 points and lowest level of 45484.94 points, with the volume of 147.46 million shares and value of Rs7.56 billion. ... Read More »

PSX sheds another 125pts till midday

KSE

KARACHI: The Pakistan Stock Exchange remained in negative zone as the benchmark 100-index shed 125 points to drop to 45557 level till midday on Tuesday. The stocks started day on bearish note and shed 51 points in early trading to reach 45631 level. On Monday, the stocks lost 390 points due to increasing political noise and pressure on news of ... Read More »

Stocks open on bearish note

KSE 2

KARACHI: The Pakistan Stock Exchange on Tuesday started day on bearish note and shed 51 points in early trading to reach 45631 level. On Monday, the stocks lost 390 points due to increasing political noise and pressure on news of share placement of largest E&P company at discount to market price. Trading volumes were down 24 percent while traded value ... Read More »

PSX closes week on bearish note, sheds 260pts

KSE 3

KARACHI: The Pakistan Stock Exchange closed week on bearish note after shedding 259.85 points to drop to 46071.86 level at closing on Friday. The stocks recorded the highest trading level of 46349.69 points and lowest level of 46036.23 points, with the volume of 197.38 million shares and value of Rs8.76 billion. As many as 351 companies were active; of which ... Read More »

PSX drops 120pts till midday

KSE 1

KARACHI: The Pakistan Stock Exchange dropped another 120 points to reach 46211 level till midday on Friday. The stocks started the last trading day on bearish note and shed 108 points to drop to 46224 level in early trading. On Thursday, the stocks posted third consecutive bearish session during current week, as dwindling investors’ confidence in blue chip stocks coupled ... Read More »

Stocks shed 108pts in early trading

KSE 3

KARACHI: The Pakistan Stock Exchange started the last trading day on bearish note and shed 108 points to drop to 46224 level in early trading on Friday. On Thursday, the stocks posted third consecutive bearish session during current week, as dwindling investors’ confidence in blue chip stocks coupled with uncertainty over formal approval of parliamentarians for recently launched amnesty scheme ... Read More »

PSX closes lower after losing 155pts

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KARACHI: The Pakistan Stock Exchange on Thursday witnessed another bearish day as the benchmark KSE-100 Index lost 155 points (0.33pc) to close at 46,331.71. In the fourth session of what has largely been a disappointing week after an encouraging eight-day rally, the index continued to lose ground as worries over the country’s weakened economic position prevailed. After touching a day’s ... Read More »

PSX sheds another 94pts till midday

KSE

KARACHI: The bearish note continued at the Pakistan Stock Exchange till midday as the benchmark 100-index shed 94 points to reach 46393 level on Thursday. The stocks started day on negative note and shed 88 points to drop to 46399 in early trading. Pakistan equities remained dull during Wednesday’s session as investors are looking for a new trigger apart from ... Read More »