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Author Archives: Matiur Rehman

PSX closes positive before Eid as foreign investors turn net buyers

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 (PSX) continued its positive trend on Thursday with the benchmark KSE-100 index gaining 173 points to close at 43,681 points. The benchmark index touched the day’s low of 43,459 mid-session but came back hit the day’s high of 43,731 points. Over 117.5 million shares worth Rs6.5 billion were shared at the exchange. Of the 313 ... Read More »

PSX lands in green with 279pts gains

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KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday closed green after a see-saw session with the benchmark KSE-100 index gaining 279 points to close at 43,508 points. The index opened higher and traded in the positive zone for most part of the day with a few ups and down. Volumes fell to 111.9 million shares while value stood at Rs5.7 ... Read More »

PSX loses mammoth 702pts to close at 43,229

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KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a bearish day as the benchmark KSE-100 index lost 702 points to close at 43,229. After opening lower, the index continued to slide throughout the session, hitting a day’s low of 43,143 towards close. Around 138 million shares worth Rs5.97 billion were traded at the exchange, with 257 of the 324 ... Read More »

PSX closes flat on first trading day of week

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KARACHI: The Pakistan Stock Exchange (PSX) started week on flat note as the benchmark KSE-100 Index lost a modest 17 points to close at 43,931 points on Monday. The index opened higher and peaked at 44,244 before beginning to lose points to touch a day’s low of 43,838 points shortly before trading closed. “The market opened with news of the ... Read More »

PSX finishes below 44,000 mark after five-day winning streak

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KARACHI: The Pakistan Stock Exchange’s five-day winning streak ended on Thursday as the benchmark KSE 100-share Index recorded a decrease of 196.09 points or 0.44% to settle at 43,948.11. Trading began on a positive note with the KSE-100 index testing the 44,300 level. However, the index could not sustain the momentum and dipped 245 points as profit-taking was witnessed. Moreover, ... Read More »

PSX adds 148pts till midday

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KARACHI: The Pakistan Stock Exchange remained bullish till midday as the benchmark 100-index gained 148 points to take the tally to 44292 level on Thursday. The PSX started day on bullish note and added 78 points in early trading to reach 44222 level. On Wednesday, the stocks continued its positive trajectory, with the benchmark KSE 100-index gaining another 441.6 points ... Read More »

Stocks start day on positive note

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KARACHI: The Pakistan Stock Exchange Thursday started day on bullish note and added 78 points in early trading to reach 44222 level. On Wednesday, the stocks continued its positive trajectory, with the benchmark KSE 100-index gaining another 441.6 points to close above the level of 44,000 points, at 44,144 points. The stock market kicked off sideways in the early hours ... Read More »

PSX adds 434pts to close at 43,703

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KARACHI: The Pakistan Stock Exchange Tuesday closed bullish as the benchmark KSE 100-share index recorded an increase of 434.29 points or 1.00% to settle at 43,702.58. Overall, trading volumes increased to 166.5 million shares compared with Monday’s tally of 118 million. The value of shares traded during the day was Rs10.3 billion. Shares of 342 companies were traded. At the ... Read More »

PSX crosses 43,000 mark despite foreign selling

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KARACHI: The Pakistan Stocks Exchange on Monday rallied 355 points, surpassing the 43,200 mark despite foreign investors sold Rs1.47 billion worth of shares during the trading session. At close, the benchmark KSE 100-share Index recorded an increase of 355.48 points or 0.83% to settle at 43,268.29. After a brief dip in the negative territory, the index started gaining momentum as ... Read More »

ANF recovers 100 heroin-filled capsules from passenger’s stomach

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RAWALPINDI: The Anti Narcotics Force (ANF) has foiled a bid to smuggle heroin abroad and arrested a smuggler at New Islamabad International Airport. The accused was shifted to ANF Police Station where he was identified as Muhammad Younis, a resident of Peshawar. According to sources, the ANF staff was checking the passengers and their luggage at NIIAP when suspicious activities ... Read More »

PSX manages to close positive after range-bound session

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 (PSX) managed to close in the positive zone after a range-bound session saw the benchmark KSE-100 index gain 66 points in the last session of the week. The stocks recorded the highest trading level of 42969.38 points and lowest level of 42749.42 points, with the volume of 59.22 million shares and value of Rs3.05 billion. ... Read More »

PSX remains bearish till midday

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KARACHI: The Pakistan Stock Exchange remained bearish till midday as the benchmark 100-index dropped 29 points to reach 42818 points on Friday. The stocks opened on bearish note and shed 87 points to reach 42759 level in early trading. On Thursday, the volatility prevailed in the stock market as the 100-share index remained range-bound, trading between -50 to +373 points, ... Read More »

Stocks again open on bearish note

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KARACHI: The Pakistan Stock Exchange Friday opened on bearish note and shed 87 points to reach 42759 level in early trading. On Thursday, the volatility prevailed in the stock market as the 100-share index remained range-bound, trading between -50 to +373 points, and finally closing up 300 points at 42,847 points. However hefty buying was witnessed in the eleventh hour ... Read More »

PSX recoups 300pts to close at 42,847

A man takes a nap on a couch under an electronic board displaying share prices during trading session at the Karachi Stock Exchange April 2, 2014. REUTERS/Akhtar Soomro/File Photo

KARACHI: The Pakistan Stock Exchange (PSX) bounced back on Thursday with the benchmark KSE-100 index gaining 300 points to close at 42,847. The index opened higher, then declined to the day’s low at 42,496 before rebounding to peak at 42,920 shortly before the day’s close. In all, 142.6 million shares worth Rs7.9 billion were traded at the exchange. Of the ... Read More »

PSX lands in red as 100-index sheds 76pts

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KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday closed negative, with the benchmark KSE-100 index shedding 76 points to finish at 42,546. The index opened higher to hit a day’s high of 42,774 points but could not maintain the positive momentum and adopted a downwards trend for the rest of the session. The benchmark index hit a day’s low of ... Read More »

PSX goes bearish till midday, drops all early gains

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KARACHI: The Pakistan Stock Exchange (PSX) shed all the early gains and dropped 200 points till midday to drop to 42423 level on Wednesday. The stocks started day keeping previous day’s bullish note and gained 140 points to reach 42763 level in early trading. On Tuesday, the bulls dominated the PSX with the benchmark KSE-100 index gaining 484 points to ... Read More »

Stocks start day keeping previous day’s bullish note

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KARACHI: The Pakistan Stock Exchange (PSX) started day keeping previous day’s bullish note and gained 140 points to reach 42763 level in early trading on Wednesday. On Tuesday, the bulls dominated the PSX with the benchmark KSE-100 index gaining 484 points to close at 42,623 points. The index opened higher and continued on an upward path for almost the entire ... Read More »

PSX gains 484pts as bullish sentiment helps index maintain upward trajectory

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KARACHI: The Pakistan Stock Exchange continued recovery as it performed remarkably on Tuesday, with the index advancing 529 points in intra-day trading to finish its second successive session in the green. The KSE-100 index opened on a negative note; however, the decline was short-lived. With clarity on the political front, bullish market sentiment helped the index maintain an upward trajectory. ... Read More »

PSX opens week on bullish note

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KARACHI: The Pakistan Stock Exchange (PSX) opened the week in the positive zone with the benchmark KSE-100 index gaining 64 points to close at 42,139. The index traded sideways before rallying strongly after news of consensus over the caretaker prime minister broke. It subsequently touched a day’s high of 42,453 points. Over 139 million shares worth Rs6.35 billion were traded ... Read More »

PSX goes bearish till midday

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KARACHI: Opened on positive note, the Pakistan Stock Exchange became bearish till midday as the benchmark 100-index shed 65 points to drop to 42009 on Monday. The stocks started new week on positive note and added 43 points to reach 42117 level in early trading. On Friday, negativity prevailed around the clock as the index lost 462 points to close ... Read More »