market
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Market watch: Gloomy political outlook pulls stocks down | The Express Tribune
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[ad_1] KARACHI: Bears maintained their stranglehold on the Pakistan Stock Exchange on Friday, as the benchmark KSE-100 index registered a plunge of 777 points mainly owing to a deteriorating macroeconomic outlook. Persistent disturbance on the country’s political scene took its toll on investor interest as the index remained in the negative territory throughout the day…
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Market watch: KSE-100 erases gains to close lower | The Express Tribune
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[ad_1] KARACHI: Volatility gripped the Pakistan Stock Exchange on Thursday as the benchmark KSE-100 index lost 169 points owing to a host of discouraging news reports. Growing political turbulence, with parliament inching closer to a vote on the no-confidence motion, weakened investors’ interest in making stock purchases in the market. Moreover, a fresh rupee slump…
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Yields in secondary market increase | The Express Tribune
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[ad_1] KARACHI: The government’s cost of borrowing from commercial banks surged by 88-115 basis points on Wednesday as the financial institutions offered money for three to 10 year tenors at a higher markup rate on the outlook that the central bank would increase the benchmark interest rate in the middle of next month. The government…
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Market watch: Stocks extend gains on positive triggers | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange extended the previous day’s gains on Wednesday, as a number of positive triggers instilled optimism among market players. Bullish sentiment prevailed throughout the trading session as the benchmark KSE-100 index stayed in the positive territory and managed to add 256 points to close just below the 44,000-point level. The…
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Market watch: Stocks turn bullish due to drop in oil prices | The Express Tribune
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[ad_1] KARACHI: Bulls returned to the Pakistan Stock Exchange on Tuesday, propping up the KSE-100 index by 353 points, aided by the drop in global crude oil prices. The plunge in oil rates below $100 per barrel revived investor interest and the pessimism over further widening of the current account deficit and swelling imports subsided…
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Market watch: KSE-100 dips amid thin volumes | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange endured a lacklustre trading session on Monday, as the benchmark KSE-100 index succumbed to across-the-board selling pressure in the absence of positive triggers and closed in the red. Persistent volatility on the international and domestic fronts continued to haunt the overall trading environment in the market. Jittery investors weighed…
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Market watch: Political pressure takes toll on PSX | The Express Tribune
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[ad_1] KARACHI: The intensifying political heat in the country took a toll on the Pakistan Stock Exchange on Friday as the benchmark KSE-100 index dipped 200 points during a tumultuous session. While first half of the session saw the index trade in a narrow range, selling pressure was evident in the second half, which dragged…
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Market watch: Stocks turn bullish over policy rate clarity | The Express Tribune
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[ad_1] KARACHI: Investor interest revived at the Pakistan Stock Exchange on Wednesday as the benchmark KSE-100 index regained some lost ground owing to the status quo maintained by the State Bank of Pakistan (SBP) in the monetary policy. Keeping in view the deteriorating geopolitical situation and the threat of escalation of war, a small chunk…
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Rupee slips to new record low in inter-bank market | The Express Tribune
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[ad_1] KARACHI: The rupee felt the heat of Russia-Ukraine conflict as the currency fell to a fresh all-time low at Rs178.61 against the US dollar in the inter-bank market on Tuesday on the back of surging oil prices coupled with the forecast of wheat shortage, which would increase the import cost for Pakistan. According to…
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Market watch: Stocks falter as political uncertainty deepens | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange endured another volatile trading session on Tuesday, as jittery investors continued to weigh the impact of domestic political turmoil and surging global crude oil and commodity prices. The benchmark KSE-100 index came under across-the-board selling pressure and ended the day in the negative territory for the second consecutive session.…
