PSX
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PSX turns Asia’s third worst performing market | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX), which had won the title of Asia’s best performing stock market in August 2020, took a U-turn and became the third worst performing market in the region amid the boiling political temperature and melting economy. Investors witnessed the wipeout of 16.27% (or Rs1.35 trillion) of investment at the PSX,…
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Despite headwinds, PSX sees ray of hope | The Express Tribune
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[ad_1] The Pakistan Stock Exchange witnessed another volatile week as jittery investors tried to find major positive cues amid continuously deteriorating economic as well as political situation in the country. However, they finally got some respite later in the outgoing week mainly owing to the decision of Pakistan Tehreek-e-Insaf’s (PTI) chief Imran Khan to postpone…
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PSX struggles amid gloomy outlook | The Express Tribune
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[ad_1] KARACHI: Bearish sentiment prevailed at the Pakistan Stock Exchange during the outgoing week, as bears continued to push bulls to the sidelines in the absence of market-moving positive cues. The rupee depreciation against the US dollar continued during the week amid rapidly depleting foreign exchange reserves, which kept the jittery investors at bay. To…
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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…
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PSX update: KSE-100 falls by over 1,300 points during intraday trade
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[ad_1] A trader can be seen at the Pakistan Stock Exchange (PSX) building in Karachi. Photo: PPI/Files KARACHI: Stocks took a hit on Monday as the benchmark KSE-100 Index plunged over 1,300 points to 43,239 during intraday trade. More to follow … [ad_2] Source link
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PSX bleeds over 1,000 points amid political uncertainty | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) declined by over 1,000 points on Monday as investors resumed the selling spree owing to economic uncertainty and political turmoil in the country. The PSX benchmark KSE-100 Index was down by over 2 per cent to 43,903 points by mid-day. “Stocks faced selling pressure amid a one-week delay…
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PSX posts record high profit of Rs320b | The Express Tribune
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[ad_1] KARACHI: Top 100 companies listed at Pakistan Stock Exchange (PSX) have cumulatively posted a record high profit of Rs320 billion in the quarter ended March 31, 2022 on the back of sharp increase in commodity prices and a notable hike in the benchmark interest rate. “Profitability of the KSE-100 index continues to soar, posting…
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PSX falls on monetary tightening fears | The Express Tribune
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[ad_1] KARACHI: Despite a positive start, the Pakistan Stock Exchange failed to sustain the bullish momentum in the outgoing week and succumbed to profit-taking primarily owing to the dismal macroeconomic cues. Jittery investors mainly stayed on the sidelines on concerns over another interest rate hike in the upcoming monetary policy announcement, given that the Karachi…
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PSX submits FY23 budget proposals | The Express Tribune
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[ad_1] KARACHI: No modern economy can grow and improve savings and investment rates without large and well-functioning capital markets, Pakistan Stock Exchange (PSX) Managing Director Farrukh H Khan emphasised. “The stock market in Pakistan is the most documented sector of the economy but is still discriminated against,” he said, adding that there were serious tax…
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Bears take centre stage at PSX | The Express Tribune
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[ad_1] KARACHI: Bears held complete dominance at the Pakistan Stock Exchange in the outgoing week as the market recorded declines in all five trading days owing to ambiguity over the resumption of the $6 billion International Monetary Fund (IMF) loan programme. Market players were observed taking a cautious approach as economic uncertainty loomed following clarity…
