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SBP report points out improved economic indicators in FY24
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[ad_1] A labourer bends over as he carries packs of textile fabric on his back to deliver to a nearby shop in a market in Karachi on June 24, 2022. — Reuters KARACHI: Amid the government’s efforts to steer the country out of the various economic quagmires, a report issued by the State Bank of…
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Stocks soar by near 900 points in day trade as rate-cut bets gain traction
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[ad_1] A broker talks on a phone as he watches latest share prices at the Pakistan Stock Exchange in Karachi on January 27, 2023. — AFP Pakistan’s stocks on Tuesday surged by almost 900 points by midday, as investors continued to rush into rate-sensitive sectors amid hopes that the central bank’s monetary policy would see…
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PSX tops record high of 84,900 points in intraday trade
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[ad_1] A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023.— Reuters Stocks on Monday breached the 84,900-points resistance level, hitting yet another record high, mainly fuelled by energy sector as investors held on to the…
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KSE-100 witnesses bullish sessions as PSX gains over 1,400 points
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[ad_1] An investor at the Pakistan Stock Exchange in Karachi in this undated picture. — AFP/File KARACHI: Bulls dominated the Pakistan Stock Exchange (PSX) on Thursday as the market gained more than 1,400 points during the intraday trade. PSX’s benchmark KSE-100 shares index gained 1,466.26 points or 1.82% to reach 81,927.59 points as compared to Wednesday’s close of 80,461.33…
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US Fed slashes rates by 50 basis points in first easing since 2020
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[ad_1] US Federal Reserve Chair Jerome Powell responds to a question from David Rubenstein (not pictured) during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, DC, February 7, 2023. — Reuters The Federal Reserve cut interest rates by half of a percentage point on Wednesday,…
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PSX tumbles by 634 points on investor caution | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan’s (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday…
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PSX shrugs off slump, rallies by around 650 points | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) has shrugged off its downward slump on Thursday and surged by 667 points to reach 78,545 during intra-day trade. This marks a notable 0.85% rise from its previous close of 77,878 points. Ahead of the August 14 Independence Day holiday, the PSX fell over 100 points in a range-bound session…
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PSX continues to recover from bearish trend as KSE-100 index climbs 575 points | The Express Tribune
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[ad_1] 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…
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PSX tumbles as KSE-100 index falls below 80,000 points | The Express Tribune
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[ad_1] 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,…
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Bears take control as PSX drops by more than 1,100 points
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[ad_1] 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…
