PSX
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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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PSX sheds some value in range-bound trading | The Express Tribune
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[ad_1] KARACHI: A range-bound session was observed at the Pakistan Stock Exchange (PSX) on Friday as the falling Pakistani rupee and a bleak economic outlook weighed heavily on investors’ sentiment. Despite the start of trading on a positive note, when the KSE-100 index reached an intra-day high of 47,853.55 points, in line with previous day’s…
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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 registers massive gains to hit 24-month high
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[ad_1] Brokers monitor an index board showing latest share prices at the Pakistan Stock Exchange in Karachi on January 26, 2023. — AFP Shares at the Pakistan Stock Exchange (PSX) rallied past the 48,000 mark Thursday to a 24-month high on positive cues, with market experts expecting the momentum to continue. Bulls took over 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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PSX prepares for tech powerhouse IPO | The Express Tribune
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[ad_1] KARACHI: Excitement is brewing at the Pakistan Stock Exchange (PSX) as the first company of fiscal year 2024 is set to join its main board next month. Summetry Group, a dynamic tech company, has announced plans to raise a minimum equity of Rs430.27 million by offering 101.24 million shares to institutional and individual investors.…
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PSX surpasses 45,000-mark, touches 15-month high
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[ad_1] An investor talks on his phone at the Pakistan Stock Exchange. — AFP/File KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rallied on Tuesday after positive cues as the cash-strapped nation secured much-needed $2 billion in funds from Saudi Arabia. The market rallied as the index closed the day at 570.67 or 1.28%…
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Stockbrokers lose faith: Cancel licences at PSX | The Express Tribune
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[ad_1] KARACHI: The stock trading industry in Pakistan is facing a gradual decline as at least eight stockbrokers have applied to cancel their licenses at the Pakistan Stock Exchange (PSX) this week. The combination of high interest rates, political drama, economic uncertainty, government mismanagement, and an aggravated economic situation has left stockbrokers disappointed. Speaking to…
