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KSE-100 index gains over 1,000 points
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[ad_1] A representational image of investors looking at the digital stock board. — Reuters/File Stocks skyrocketed Thursday after the rupee fell 9.6% against the dollar — the largest single-day fall in over 20 years — a strategically critical development that may help unlock the International Monetary Fund’s (IMF) deadlocked lending to Pakistan. Pakistan Stock Exchange’s…
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Bloodbath as PSX sheds over 1,400 points amid political uncertainty
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[ad_1] A stockbroker talks on the phone as a trading stream is reflected on a glass screen. — AFP/File KARACHI: The KSE-100 of the Pakistan Stock Exchange (PSX) plunged by more than 1,400 points during the intra-day trading on Tuesday. At 3:17pm, the KSE-100 Index was down 1,342.96 points or about 3.40%, hovering around the…
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PSX dives 900 points after surprise interest rate hike | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) plunged 2% (or almost 900 points) to close to 42,000 points at around 1:8pm on Monday, as traders aggressively pulled out investment in panic after the central bank unexpectedly hiked the key policy rate by 100 basis points to over two decades high at 16%. The development stands negative…
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Stocks retreat, get closer to 41,000 points | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Tuesday as market struggled to sustain gains in rollover week due to absence of major positive triggers, which pushed KSE-100 index close to 41,000-point mark. The index stayed in green zone in initial hours, touching intra-day high of 42,523.51 points. Bears soon took charge of the bourse, which…
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Bears take centre stage, erase 1,089 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) witnessed a roller-coaster trading week as a combination of buying interest and selling pressure made the benchmark index swing on both sides, but eventually the bears prevailed. The KSE-100 index dived 1,089 points to close the week at 41,052 points. The week commenced on a negative note as…
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KSE-100 index plunges over 2,000 points after PM announces ‘tough’ policies
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[ad_1] Pakistan Stock Exchange — AFP KARACHI: Immediately after Prime Minister Shehbaz Sharif announced “tough decisions” the government had made in the federal budget for the forthcoming fiscal year 2022–2023, the Pakistan Stock Exchange (PSX) on Friday saw a bloodbath. The benchmark KSE-100 index started off in the green, following its upward trend from the…
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India hikes interest rates 50 basis points to fight inflation
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[ad_1] This file photo shows the entrance of the Reserve Bank of India (RBI). Courtesy Hindustan Times MUMBAI: India’s central bank on Wednesday hiked rates for the second time in two months, as Asia’s third-largest economy reels from galloping inflation in the wake of the Ukraine war. The Reserve Bank of India raised its key…
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Bears take centre stage, erase 1,547 points | The Express Tribune
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[ad_1] KARACHI: Bears took control of the Pakistan Stock Exchange and dominated trading during the outgoing week as jittery investors tried to look for positive cues amid growing concerns over the economic situation in the country. During the week, T-bill yields went up in the range of 55-75 basis points (bps) in the secondary market,…
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Rupee surges, KSE-100 index gains over 850 points during intraday trade
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[ad_1] A representative image. KARACHI: The financial markets Friday responded positively to the government’s announcement of the removal of subsidies on petroleum products and hopes for the revival of the IMF loan programme. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rose more than 850 points and crossed the 43,000 threshold during the intraday trade.…
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PSX drops by over 1,000 points due to govt inaction | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) dropped by over 1,000 points immediately after opening on Monday as the government’s inaction over the growing economic crisis mounted selling pressure on the bourse. After the 2.4% drop, the PSX benchmark KSE-100 Index declined to a two-month low at 42,443 points at around 10:22 am. Finance Minister Miftah Ismail announced on Sunday…
