Tuesday , October 23 2018
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Author Archives: Matiur Rehman

PSX opens week on negative note

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KARACHI: The Pakistan Stock Exchange started new week on negative note as the benchmark KSE 100-share Index recorded a decrease of 84.85 points or 0.22% to settle at 38,345.42. Earlier, the KSE-100 index shot up as soon as the trading began, gaining over 340 points. However, soon after selling pressure dragged the index down as fertiliser, oil and gas exploration ... Read More »

PSX closes week on positive note with 448pts gain

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KARACHI: The Pakistan Stock Exchange on Friday continued to close positive as the benchmark KSE 100-share Index recorded an increase of 448.02 points or 1.18% to settle at 38,430.27. The bourse soared past 38,400 points with partial recovery in stocks from the hefty decline in the past few sessions due to tensions on the political front and lack of clarity ... Read More »

PSX adds another 335pts as upward trajectory continues

KSE

KARACHI: The Pakistan Stock Exchange on Thursday continued its upward trajectory and ended day on positive note. The KSE 100 share index was up by 541.82 points to reach intraday high of 38,189.16. The index settled with an appreciation of 334.91 points at 37,982.25. The KMI 30 index inched up by 1.27 per cent and closed the day at 64,899.83 ... Read More »

PSX recoups 984 points to close at 37,647

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KARACHI: The Pakistan Stock Exchange on Wednesday bounced back as the benchmark KSE 100-share Index recorded an increase of 983.96 points or 2.68% to settle at 37,647.34. The KSE-100 index shot up from the moment trading began, gaining over 2% to power past the 37,600-point mark. Investors picked up stocks at attractive valuations as the index was at a 28-month ... Read More »

PSX loses early gains, closes negative

PSX, KSE

KARACHI: Opened on positive note, the Pakistan Stock Exchange on Tuesday closed negative as the benchmark KSE 100-share Index recorded a decrease of 104.19 points or 0.28% to settle at 36,663.38. The KSE-100 index fell in a volatile trading session despite hitting a high of 571 points in early hours. The PSX benchmark index showed wide swings with intra-day movement ... Read More »

NAB granted 14-day extension in Shahbaz’s remand

Shahbaz Sharif

LAHORE: The National Accountability Bureau (NAB) on Tuesday was granted a 14-day extension in the remand of Leader of the Opposition Shahbaz Sharif in the Ashiana Iqbal Housing scandal. The PML-N president, who has been in NAB custody since Oct 5, was presented in the accountability court in Lahore amid tight security as NAB’s earlier physical remand expired. Shahbaz brought ... Read More »

LHC grants interim bail to Saad Rafique amid NAB probe

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LAHORE: The Lahore High Court has granted interim bail to embattled former railway minister, Khawaja Saad Rafique, in a major relief to the politician who recently won the by-elections. Rafique and his brother Salman Rafique had petitioned the court, arguing that the National Accountability Bureau (NAB) could arrest them illegally. The Lahore High Court on Monday ordered the anti-corruption body ... Read More »

PSX loses massive 880pts to close at 37,518

KSE 2

KARACHI: The Pakistan Stock Exchange witnessed another bearish day on Friday as the KSE-100 index shed 880.37 points or 2.29% to settle at 37,517.93. The stock market plunged over 950 points in intra-day trading, slipping below the 37,500 mark. Market participants reacted to a sharp dip in the foreign currency reserves held by the central bank, which slipped another $101 ... Read More »

PSX adds 287pts despite volatility

KSE 2

KARACHI: The Pakistan Stock Exchange benchmark KSE 100-share Index on Wednesday closed positive after adding 287.25 points or 0.75% to settle at 38,792.09. The rise came due to emergence of clarity on Pakistan’s economic front which aided investor sentiments. In the morning, the market opened on a positive note, but selling pressure dragged it down soon. Still, the market managed ... Read More »

SBP says dollar movement to correct imbalances in external account

sbp

KARACHI: The dollar increased by as much as Rs11.70 in the interbank market on Tuesday, before closing at Rs133.64. It had closed the previous day at Rs124.27 to the dollar. The State Bank of Pakistan (SBP) explained the move as reflective of current account dynamics and a demand-supply gap in the foreign exchange market. “Although the current account deficit narrowed ... Read More »

PSX bids to recoup previous day’s losses; adds 606pts

C

KARACHI: The Pakistan Stock Exchange’s benchmark KSE-100 Index on Tuesday recouped some of its losses from the previous day and marked its first positive close in seven sessions after gaining 606 points (1.6 per cent) to end slightly above the 38,500 barrier. Trading started on a strongly positive note, with the index shooting straight up in the first half hour ... Read More »

PSX bleeds as KSE-100 Index drops over 1,300pts to 10-month low

KSE 1

KARACHI: The Pakistan Stock Exchange on Monday nosedived to a 10-month low as political and economic uncertainty drove investor sentiment, leading to panic selling. The benchmark KSE-100 Share index plunged 3.39% to below 38,000 points after shedding 1,328 points. This was the largest single-day fall in the last 14 months, dragging the index down to its lowest level in 10 ... Read More »

PSX loses 40,000 mark after shedding 861pts as NAB arrests Shehbaz

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KARACHI: The Pakistan Stock Exchange on Friday lost 40,000 mark as the benchmark KSE 100-share Index dropped 860.77 points or 2.15% to settle at 39,226.35 after arrest of Opposition Leader Shehbaz Sharif by the NAB authorities in Ashiana-e-Iqbal Housing Scheme case. Earlier, the market lost 745 points before midday break and down by 1,057 points in intra-day trading. When trading ... Read More »

PSX ends fourth successive session in red, sheds 473pts

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KARACHI: The Pakistan Stock Exchange on Thursday ended its fourth successive session in the red and dropped another 473 points or 1.17% to settle at 40,087.12 at closing. Earlier, the PSX benchmark index plunged over 550 points in intra-day trading. After a positive open, the KSE-100 index spiralled downwards and fell below the 40,000-point mark. Selling pressure mounted on the ... Read More »

PSX loses another 240pts amid thin trading

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KARACHI: The Pakistan Stock Exchange on Wednesday continued to end on negative note as the benchmark KSE 100-share Index recorded a decrease of 240.06 points or 0.59% to settle at 40,560.19. Earlier, trading started on a positive note, but selling pressure emerged soon which dominated proceedings until the end and dragged the index down to below 40,600 points. It was ... Read More »

PSX loses early gains as KSE-100 index sheds 129pts at closing

KSE 2

KARACHI: The Pakistan Stock Exchange on Tuesday again witnessed a dull session and closed negative after shedding early gains. The stocks opened positive and gained 285.22 points in the initial two hours of trading as investors jumped to take benefit of attractive valuations. However, it could not sustain the initial gains and succumbed to selling pressure, with the index going ... Read More »

PSX opens week on negative note

KSE

KARACHI: Starting on positive note, the Pakistan Stock Exchange closed negative after shedding 69.15 points or 0.17% to settle at 40,929.44 on Monday. The central bank increased the interest rate by 100 basis points to 8.5% on Saturday citing persistent concerns over the economic front on the back of rising inflation and large twin deficits. Although the index changed its ... Read More »

PSX ends week on positive, 100-index adds 147pts

kse1

KARACHI: The Pakistan Stock Exchange on Friday closed the week on positive note as the benchmark KSE 100-share index recorded an increase of 146.79 points or 0.36% to settle at 40,998.59. However, the market experienced another volatile session as investors waited for the upcoming monetary policy. Earlier, trading began on a positive note, but stock sell-off in early hours dragged ... Read More »

PSX closes negative as volatility continues

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KARACHI: The Pakistan Stock Exchange on Thursday closed negative over volatility as the benchmark KSE 100-share index shed another 58.11 points or 0.14% to settle at 40,851.80. Following a sideways open, the KSE-100 index plunged 527 points in intra-day trading as selling pressure emerged. Anxiety over meetings with the International Monetary Fund and a downward revision in Pakistan’s growth projection ... Read More »

PSX sheds 126pts amid range-bound trading

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KARACHI: The Pakistan Stock Exchange on Wednesday failed to sustain the early gains as the benchmark KSE 100-share Index witnessed a decrease of 126.39 points or 0.31% to close at 40,909.91. In the morning, trading began on a positive note and the index crossed 41,100 points, but absence of positive triggers made the session lacklustre and dragged the index down. ... Read More »