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PSX surges past 53,000 points to reach all-time high
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[ad_1] An investor at the PSX. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) Friday surged past the 53,000 point mark to hit an all-time high after it gained over 400 points on positive cues including political clarity over the election date and expectations of clearing the International Monetary Fund (IMF) review. The market stood at…
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PSX drops by 850 points, rupee continues to slide | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market slumped on Tuesday along with record rupee depreciation, as domestic capital markets expect a further hike in the key policy rate by the central bank to control rising inflation. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index dropped around 1.6%, or 850 points, to 46,625 points at about 2pm on…
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Stocks dragged down by nearly 780 points over investor pessimism | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) on Monday dived into the red zone as the KSE-100 index was marked by collective pessimism over the latest round of rupee depreciation coupled with disclosure of President’s statement regarding refusal to sign the Pakistan Army and Official Secrets Bills law. The market began on a positive note…
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Pakistan stocks rally as KSE-100 jumps over 700 points
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) jumped by more than 700 points on Friday after Morgan Stanley Capital International (MSCI) integrated 15 stocks into the…
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PSX jumps over 1,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) jumped up by 1,000 points to around 48,900 in the early trading hours on Friday. The market invited the outstanding renewed buying from investors after the global stock market index provider Morgan Stanley Capital International (MSCI) announced to add record 15 Pakistani listed companies into its MSCI Frontier Market…
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PSX down almost 1,000 points as bears tighten grip | The Express Tribune
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[ad_1] 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.…
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PSX hits six-year high, crosses 49,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market maintained a powerful rally on Thursday and crossed the threshold of 49,000 points after a gap of six years. Meanwhile, the Pakistani rupee also made a smart recovery of Rs1.55 to Rs287.83 against the US dollar in inter-bank trade before mid-day today (Thursday). At the Pakistan Stock Exchange (PSX), the…
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PSX surges over 1000 points over Gulf investment optimism | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market soared by over 2%, or over 1,000 points, to a two-year high at 48,000 points in early trading on Monday. Pakistan Stock Exchange (PSX) has maintained the powerful rally over “optimism of investment from Saudi Arabia and UAE along with the Pakistan Mineral Summit helping investors confidence,” Topline Securities CEO Muhammad…
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SBP hikes key policy rate by 100 basis points to 22% | The Express Tribune
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[ad_1] KARACHI: Fulfilling another demand of the International Monetary Fund (IMF) to revive its loan programme, Pakistan’s central bank jacked up its key policy rate by 100 basis points to a new record high at 22 per cent in an emergency meeting on Monday. The rate would become effective from Tuesday. The State Bank of…
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OGRA locates points of petrol hoarding | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has identified 19 illegal storage points and warehouses located in Punjab that have been used to dump and store petroleum products to make inventory gains by hoarders and black marketers. In a letter sent to the Punjab chief secretary, the regulator said that the illegal storages…
