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Market sees no change in policy rate | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Tuesday to announce the key policy rate for the next six weeks to maintain balance between inflation reading and economic growth. In late January 2022, the State Bank of Pakistan (SBP) hinted at maintaining the status quo in policy rate at 9.75% (from March onwards).…
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Market watch: Stocks tumble on geopolitical shock | The Express Tribune
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[ad_1] KARACHI: Bears held sway at the Pakistan Stock Exchange on Monday as the benchmark KSE-100 index nosedived 1,284 points owing to escalating geopolitical tensions that sent prices of global commodities to multi-year highs. The deteriorating situation between Russia and Ukraine disrupted global supplies, resulting in swelling of prices of crude oil and essential commodities,…
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Market watch: Stocks edge up in range-bound session | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed another range-bound session on Friday, as sceptical investors continued to stay on the sidelines owing to prevailing volatility on the international and domestic fronts. The benchmark KSE-100 index, after oscillating in a narrow range throughout the day, managed to close the week on a positive note. Anticipation of…
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Market mixed over amnesty scheme for industrialists | The Express Tribune
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[ad_1] KARACHI: The government’s decision to grant amnesty for industrial development has attracted mixed reactions. While some analysts have cheered the move, other expressed their reservations against it. The leadership has decided to promulgate an ordinance to offer a third tax amnesty scheme to industrialists by giving them an opportunity to whiten their black money…
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Market watch: Bourse ends flat in roller-coaster session | The Express Tribune
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[ad_1] KARACHI: Volatility prevailed at the Pakistan Stock Exchange on Thursday as the KSE-100 index endured a topsy-turvy session, ending the day with marginal gains. Investors took cue from the jump in global energy prices, which led to mixed trading. While oil stocks shined on the back of crude prices inching closer to $120 per…
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Market watch: Soaring energy prices drag stocks down | The Express Tribune
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[ad_1] KARACHI: Bears returned to the Pakistan stock market on Wednesday as the KSE-100 index dipped nearly 300 points, driven down by the spike in global energy prices with no signs of easing of geopolitical tensions. A surge in international crude oil prices past the $110-per-barrel mark sparked concern as it would pile on pressure…
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Market watch: Stocks rally on PM’s relief package | The Express Tribune
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[ad_1] KARACHI: Bulls maintained their grip on the Pakistan Stock Exchange on Tuesday, as the announcement of a relief package by Prime Minister Imran Khan instilled a ray of optimism among investors. The benchmark KSE-100 index stayed in the positive territory throughout the day and staged a handsome rally, gaining 342 points by the end…
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Market mixed over cut in fuel, energy prices | The Express Tribune
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[ad_1] KARACHI: Businessmen and industrialists have welcomed Prime Minister Imran Khan’s announcement of lowering down petroleum prices and power tariff and maintaining them at that level (revised) over the next four months. They, however, cautioned that the decision to cut the energy price was politically motivated which would worsen macroeconomic outlook of the country and…
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Market watch: Bulls dominate as stocks make sharp recovery | The Express Tribune
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[ad_1] KARACHI: Bulls made a spectacular comeback at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index, despite opening on a dull note, managed to soar past 44,000 points. Investors were observed cherry-picking stocks that had dropped to attractive valuations during the previous week’s bearish spell at the bourse. Earlier, the market endured…
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Market watch: Stocks rally as global equities recover | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Friday got some relief from yesterday’s free fall and recovered slightly as a rebound in global equity markets and slide in international crude oil prices revived the interest of nervous investors. The benchmark KSE-100 index, despite minor fluctuations, mostly stayed in the positive territory to close last day…
