Bears take control as PSX drops by more than 1,100 points
Stock brokers watching latest share price at Pakistan Stock Exchange. — APP/File KARACHI: Bears took over the Pakistan Stock Exchange (PSX) on Friday as the market plunged by more than 1,100 points due to the concerns raised over the current political situation. The benchmark KSE-100 index fell by 1,168.83 points or 1.43% during the intraday trading […]
Bears tighten grip ahead of FY25 budget | The Express Tribune
KARACHI: Bears tightened their grip over the Pakistan Stock Exchange (PSX) in the post-holiday trading session on Wednesday, where the KSE-100 index lost around 680 points. In the morning, trading began with a spike but soon the index dipped due to political uncertainty and the lack of positive cues. Investor sentiment took a hit despite […]
PSX down almost 1,000 points as bears tighten grip | The Express Tribune
KARACHI: KARACHI: Bears held their grip over the Pakistan Stock Exchange (PSX) on Tuesday, as the index extended losses from the previous session and recorded a decline of nearly 960 points. Experts said the market succumbed to profit-taking as the devaluation of the rupee and prevailing volatility on the political front dented investor sentiment. Trading […]
Pakistan gets LNG shipment offer as IMF deal bears fruit
A file photo of a liquefied natural gas (LNG) tanker. — AFP In yet another major achievement after winning final approval to borrow $3 billion from the International Monetary Fund (IMF), energy crisis-hit Pakistan received liquefied natural gas (LNG) shipments offer for the first time in more than one year. Last month, Pakistan failed to […]
Rupee bears the brunt of political clamour | The Express Tribune
KARACHI: The ongoing political drama is putting too much pressure on the Pakistani rupee against the US dollar, while the smuggling of dollars to Afghanistan and the Russia- Ukraine conflict have added to the currency’s woes. Addressing a press conference on Monday, Exchange Companies Association of Pakistan (ECAP) President Malik Bostan said, “Pakistani politicians’ differences […]
Bears tighten grip amid political chaos | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) remained in the grip of bears for most of the outgoing week as political chaos did not allow investors to take fresh positions and crushed their confidence. The rapidly changing political scenario, coupled with thin investor participation, dragged the benchmark KSE-100 index below the 42,000-point mark. At the beginning […]
Bears take centre stage, erase 1,089 points | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a roller-coaster trading week as a combination of buying interest and selling pressure made the benchmark index swing on both sides, but eventually the bears prevailed. The KSE-100 index dived 1,089 points to close the week at 41,052 points. The week commenced on a negative note as stocks […]
Bears take centre stage, erase 1,547 points | The Express Tribune
KARACHI: Bears took control of the Pakistan Stock Exchange and dominated trading during the outgoing week as jittery investors tried to look for positive cues amid growing concerns over the economic situation in the country. During the week, T-bill yields went up in the range of 55-75 basis points (bps) in the secondary market, which […]
Bears take centre stage at PSX | The Express Tribune
KARACHI: Bears held complete dominance at the Pakistan Stock Exchange in the outgoing week as the market recorded declines in all five trading days owing to ambiguity over the resumption of the $6 billion International Monetary Fund (IMF) loan programme. Market players were observed taking a cautious approach as economic uncertainty loomed following clarity on […]