MSCI upgrades Sazgar Engineering to FM Index | The Express Tribune
KARACHI: MSCI has upgraded Pakistan-based automobile manufacturing firm Sazgar Engineering to its Frontier Market (FM) index and added six other companies to its small-cap index, inviting some fresh foreign buying into these companies’ stocks at the Pakistan Stock Exchange (PSX). According to the results of the latest quarterly index review (QIR) of August 2024, Morgan […]
PSX continues to recover from bearish trend as KSE-100 index climbs 575 points | The Express Tribune
Listen to article KARACHI: The Pakistan Stock Exchange (PSX) rallied on Friday, with the KSE-100 index surging by approximately 575.92 points, showing 0.73%, from the previous day’s close, reaching 78,450.14 in early trading. After experiencing volatility last week, the bulls experienced a dip on Monday with the KSE-100 index losing 1,141 points during intra-day trading. The stocks […]
MSCI set to add four Pakistani firms to FM index | The Express Tribune
KARACHI: Morgan Stanley Capital International (MSCI) is expected to include four additional Pakistani companies in its global Frontier Market (FM) index next month, driven by a rise in their share prices. This move is likely to attract international investors, who manage multibillion-dollar portfolios and track the index for global investment decisions. The global index and […]
PSX tumbles as KSE-100 index falls below 80,000 points | The Express Tribune
The trading week started on a bearish note, with the Pakistan Stock Exchange (PSX) experiencing a significant drop compared to previous weeks which was marked with high points and investors’ confidence. The KSE 100 Index fell below the 80,000 points level, marking a sharp decline of 625 points or 0.79% to reach 79,492 points, three […]
KSE-100 index emerges as Asia’s ‘best performing market’
An investor can be seen looking at the digital stock board at the Pakistan Stock Exchange. — AFP/File In a positive development reflecting impressive resilience, Pakistan’s stock market has outperformed its Asian peers to emerge as the best-performing market in the continent in the ongoing year 2024, reported Bloomberg. Strategists are of the view that […]
KSE-100 index leads as Asia’s best-performing market | The Express Tribune
Despite prevailing economic crises, Pakistan’s stock market has shown resilience by emerging as the best-performing market in Asia in 2024, according to Bloomberg. The KSE-100 index reflected a 27% increase in dollar terms this year, with experts anticipating further gains. Strategists attribute the market’s strong performance to its cheap valuations, high positive real rates, and […]
PSX’s benchmark KSE-100 index hits new all-time high of 67,142 points
A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks hit an all-time high on Thursday, surging by 0.89%, or 594.34 points, to settle at a whopping 67,142.12, mostly after the country’s talks with the International Monetary Fund (IMF) for […]
PSX closes in red, as KSE-100 index plummets by over 900 points
An investor can be seen speaking on the phone in front of the digital screen at the Pakistan Stock Exchange. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) Tuesday closed at 64,801.70 points after plummeting by over 953.6 points, a day after the Prime Minister Shehbaz Sharif’s federal cabinet took oath. During the intraday trading, […]
PSX hits new milestone as KSE 100 index crosses 60,000 mark
Brokers are busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Monday, November 6, 2023. — AFP The Pakistan Stock Exchange (PSX) Tuesday set another record as the KSE-100 index crossed the barrier of 60,000 points after a positive International Monetary Fund (IMF) review and encouraging macroeconomic numbers. The benchmark index reached 60,845.60 […]
World rice price index soars after India’s export ban
Representational image of rice. — AFP/File The world rice price index of the United Nations food agency experienced a notable 2.8% rise in July, as compared to June, reaching the highest level recorded in almost 12 years. This hike in prices was mainly driven by excessive demand in key exporting countries and India’s decision to […]