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Author Archives: Matiur Rehman

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

kse2

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 »

Stocks open on negative note

KSE bear 3

KARACHI: The Pakistan Stock Exchange Thursday 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 pending amnesty scheme. Proposed budgetary measures are leading rally in stocks like 1) Fauji Foods (FFL +3%), where government is considering ... Read More »

PSX closes flat after last session selling spree

kse4

KARACHI: Opened on positive note, the Pakistan Stock Exchange closed flat on Wednesday after adding just 9.76 points to reach 46486.49 level. The stocks recorded the highest trading level of 46759.47 points and lowest level of 46472.15 points, with the volume of 284 million shares and value of Rs11.26 billion. As many as 377 companies were active; of which 211 ... Read More »

PSX remains bullish till midday, adds 203pts

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

ISLAMABAD: The Pakistan Stock Exchange remained bullish till midday and added 203 points to take the tally to 46680 level on Wednesday The stocks recouped in early trading with 274 points to reach 46750 level. On Tuesday, the stocks closed lower, with the benchmark 100-share index shedding 103 points to close at 46, 476.73 points. Investors in equities remained sidelined ... Read More »

Stocks recoup with 274pts in early trading

PSX, KSE

ISLAMABAD: The Pakistan Stock Exchange Wednesday recouped in early trading with 274 points to reach 46750 level. On Tuesday, the stocks closed lower, with the benchmark 100-share index shedding 103 points to close at 46, 476.73 points. Investors in equities remained sidelined as formal implication of a major development (tax reforms package) is pending parliament’s consent. However, trade activity in ... Read More »

PSX closes bearish after shedding 104pts

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KARACHI: The Pakistan Stock Exchange on Tuesday witnessed a bearish day and shed 103.89 points to drop to 46476.73 level at closing. The stocks recorded the highest trading level of 46679.69 points and lowest level of 46407.10 points, with the volume of 220 million shares and value of Rs7.90 billion. As many as 369 companies were active; of which 199 ... Read More »

PSX sheds 132pts to drop to 46449 till midday

KSE 2

KARACHI: The Pakistan Stock Exchange shed 131.90 points to drop to 46449 level till midday on Tuesday. Stocks opened flat at 46580 points in early trading. On Monday, the PSX remained dull at the start of new week, where volumes fell by 18% vs last day. The benchmark 100-share index lost its bullish momentum of last 8 successive sessions and ... Read More »

Stocks open flat

KSE 1

KARACHI: The Pakistan Stock Exchange on Tuesday opened flat at 46580 points in early trading. On Monday, the PSX remained dull at the start of new week, where volumes fell by 18% vs last day. The benchmark 100-share index lost its bullish momentum of last 8 successive sessions and closed at 46,581 points with a marginal decline of 57 points. ... Read More »

PSX closes negative as eight-day long bullish streak breaks

KSE2

KARACHI: The Pakistan Stock Exchange (PSX) on Monday closed almost flat as the benchmark KSE-100 Index lost 57 points to close at 46,581, breaking an eight-day long bullish streak. The index opened higher and touched a day’s high of 46,828 points before losing ground to touch the day’s low of 46,530 points before session’s close. In all, 202.8 million shares ... Read More »

PSX goes flat till midday

KSE 2

KARACHI: The Pakistan Stock Exchange lost all the early gains and became flat at 46637 points level till midday on Monday. The stocks started new week on positive note after adding 74 points in early trading to reach 46712 points level. Last week, the KSE-100 index extended its gains during the week, closing up 1,148 points (+2.5 percent WoW), at ... Read More »

Stocks start new week on positive note

kse

KARACHI: The Pakistan Stock Exchange started new week on positive note after adding 74 points in early trading to reach 46712 points level on Monday. Last week, the KSE-100 index extended its gains during the week, closing up 1,148 points (+2.5 percent WoW), at 46,638 level. Optimism continued on the back of rallies in Cement (+3.7 percent WoW), Oil and ... Read More »

PSX closes week positive despite buying frenzy

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KARACHI: The Pakistan Stock Exchange (PSX) closed almost flat on Friday, with the benchmark KSE-100 index managing to close positive at 46,639 with a net gain of 77 points over the preceding day. The index had gained over 550 points within the first few minutes of trading to touch a day’s high of 47,144 points, but shed points throughout the ... Read More »

PSX loses most of early gains but remains in green zone till midday

kse 9

KARACHI: The Pakistan Stock Exchange dropped most of the early gains but remained in green zone as the benchmark 100-index added 140 points to reach 46700.96 level till midday on Friday. The stocks opened adding huge 557 points to take the tally to 47117 level in early trading. On Thursday, the stocks continued upward momentum, with the benchmark KSE 100-share ... Read More »

Stocks add huge 557pts in early trading

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 Friday opened adding huge 557 points to take the tally to 47117 level in early trading. On Thursday, the stocks continued upward momentum, with the benchmark KSE 100-share index gaining 457 points to close at 46,561 points. After initially trading sideways, the market got back on its feet to make an intraday high of +553 ... Read More »

PSX gains 457pts as upward journey continues

C

KARACHI: The Pakistan Stock Exchange (PSX) remained bullish at closing on Thursday as the benchmark KSE-100 index gained 457 points, around one per cent, to close at 46,561. The index opened higher but touched a day’s low of 46,085 points before climbing to a high of 46,657 towards the session’s close. In all, 233.4 million shares worth Rs12.7 billion were ... Read More »