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Home / Author Archives: Matiur Rehman

Author Archives: Matiur Rehman

PSX loses huge 545pts over uncertain economic situation

KSE 2

KARACHI: The Pakistan Stock Exchange witnessed another bearish day on Thursday as news of failed talks with the International Monetary Fund (IMF) pushed the benchmark index down. Foreign investors continued offloading with a net sale of $3.74 million due to uncertain economic situation of the country. The KSE 100 index benchmark declined by 1.53 per cent (623.28 points) to touch ... Read More »

PSX closes positive despite volatility

PSX, KSE

KARACHI: The Pakistan Stock Exchange on Tuesday managed to close positive as the benchmark KSE 100-share Index recorded an increase of 66.47 points or 0.16% to settle at 41,419.24. Major participation was seen in Engro Polymer and Chemicals (+2.83%) and its price climbed to test the upper ceiling, followed by Nimir Resins (+2.36%) and Pakgen Power (-0.69%). The three stocks ... Read More »

PSX starts new week on bearish note with 307pts loss

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KARACHI: The Pakistan Stock Exchange started new week on bearish note as the benchmark KSE 100 index declined by 307.98 points to settle at 41352.77 on Monday. Trading volumes were recorded at 176.25 million. Lotte Chemical Pakistan Limited (LOTCHEM +0.05 per cent), Siddiqsons Tin Plate Limited (STPL +4.85 per cent) and Dost Steels Limited (DSL +13.44 per cent) were the ... Read More »

PSX ends week on positive note, adds 232pts

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KARACHI: The Pakistan Stock Exchange ended week on bullish note as the benchmark 100-index added 232.12 points or 0.56% to settle at 41,660.75. However, many investors chose to stand on the sidelines because of the absence of positive triggers. Earlier, trading began on a positive note but uncertainty soon took over, erasing early gains and resulted in the index oscillating ... Read More »

PSX closes bullish with over 434 points gain

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

ARACHI: The Pakistan Stock Exchange on Thursday witnessed a bullish day as investors rejoiced over the news of Saudi Arabia releasing agreed financial assistance soon. The index rallied and gained more than 480 points in intra-day trading, finishing the day in the black. The KSE-100 index opened on a positive note and continued its journey towards the north, driven by ... Read More »

68 Preventive officers granted performance allowance

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ISLAMABAD: The Federal Board of Revenue has granted performance allowance to 68 Preventive officers (BS-16) of Model Customs Collectorate Preventive, Karachi. The officers, who have been selected through the process of internal job posting (IJP), have been granted performance allowance equal to 100 per cent of minimum of their basic pay (in pay scale-2011) with effect from November 08, 2018 ... Read More »

PSX closes in red after losing 158 points

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KARACHI: Opened on positive note, the Pakistan Stock Exchange (PSX) on Wednesday again closed red after shedding over 158 points. The day open with MSCI, a leading provider of research-based indexes and analytics, released its review for the month of November 2018. Previously included in the mid-cap indexes, Lucky Cement Limited (LUCK +2.92 per cent) and United Bank Limited (UBL ... Read More »

PSX manages to close positive after volatility

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: After witnessing a volatile day, the Pakistan Stock Exchange (PSX) managed to close positive on Tuesday. The KSE 100 index lost 335.74 points shortly after the start of the trading session to touch an intraday low. It then recovered 106.09 points to reach an intraday high before settling higher by a minor 55.95 points at 41,152.28. The KMI 30 ... Read More »

PSX closes red after shedding 292pts

KSE

KARACHI: The Pakistan Stock Exchange (PSX) on Monday ended red after shedding 292.55 points to settle at 41,096.33. The indices traded on both sides during the session and later followed a downhill path to end in red. Foreign investors ended as net sellers in the last week with a net outflow of $9.43 million. The KSE 100 index depleted 335.91 ... Read More »

PSX closes negative after shedding 510pts

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KARACHI: The Pakistan Stock Exchange closes negative as the benchmark KSE 100-share Index recorded a decrease of 510.12 points or 1.21% to settle at 41,493.97. The overbought stock market came under massive selling pressure on Monday as the KSE-100 index plunged over 900 points in intra-day trading before recouping almost half of the losses. Earlier, the index dropped persistently from ... Read More »

Banks close international transactions

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LAHORE: Multiple major Pakistani banks have suspended debit cards international transactions facility after another rumoured dump of debit and credit cards was leaked on the dark web. In a text message sent to customers, the banks informed, “Due to system maintenance and security precaution your debit card has been temporarily disabled for international ATM cash withdrawal, POS and e-commerce.” The ... Read More »

PSX starts week with huge 897pts gain

KSE 2

KARACHI: The Pakistan Stock Exchange on Monday witnessed a bullish day as the benchmark KSE 100-share Index recorded an increase of 897.31 points or 2.21% to settle at 41,453.76. The KSE-100 index, in a phenomenal rally, surged over 900 points in intra-day trading at the stock market on Monday and ended the day with significant gains ahead of Prime Minister ... Read More »

PSX closes week on bullish note, adds 648 points

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KARACHI: Opened on negative note, the Pakistan Stock Exchange (PSX) changed its course in the second half and ended the last session of the week in green. Indices were observed dripping lower in the early hours of the trading session before changing their course post the Friday prayer break. KSE 100 index closed with a weekly gain of 5.4 per ... Read More »

PSX adds another 360pts to settle at 39,632

PSX, KSE

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday witnessed another bullish day as the benchmark 100-index added 360.79 points to close at 39,631.91. The trend of foreign investors remained unchanged and they ended as net sellers on Wednesday with a net outflow of $9.68 million. According to the news reports, the Economic Coordination Committee (ECC) of the Cabinet gave an ... Read More »

PSX celebrates Saudi economic package with 1556pts gain

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KARACHI: Pakistan Stock Exchange (PSX) registered bullish trend as the benchmark 100-Index crossed 1500 points on Wednesday. The market opened on a positive note and climbed more than 1,000 points within the first 10 minutes of trading. The benchmark moved 1,508 points to touch an intraday high of 39,223 points soon after 12 noon. The power generation & distribution sector ... Read More »

PSX lands in red, sheds huge 630pts

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KARACHI: The Pakistan Stock Exchange on Tuesday again closed in red as the benchmark KSE 100 index declined by 630.52 points or 1.67 per cent to settle at 37,714.90. On the economic front, Prime Minister Imran Khan is currently visiting Saudi Arabia to attend an investment conference ‘Davos in the Desert’. Moreover, the Asian Infrastructure Investment Bank has lent Pakistan ... Read More »

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 »