PSX
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Tech company enters PSX GEM board | The Express Tribune
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[ad_1] KARACHI: An IT and telecommunication company has successfully raised equity financing worth Rs475 million by auctioning 18.81% stake to institutional and rich individual investors at thePakistan Stock Exchange (PSX). Supernet Limited sold a total of 21.11 million shares at a strike price of Rs22.5 per share which was determined during the Dutch auction (booking…
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PSX relaxes investor eligibility criteria | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange, with the approval of the Securities and Exchange Commission of Pakistan (SECP), has significantly eased the requirements for the eligibility of accredited individuals investing in companies on the Growth Enterprise Market (GEM) board. “As per the new definition, accredited investors include those individuals who have assets of at least…
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PSX posts highest-ever gain of 1,700 points | The Express Tribune
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[ad_1] KARACHI: With the settlement of the prolonged political row in the country, the Pakistan Stock Exchange skyrocketed on Monday, as investors were observed celebrating the clarity on the political front stemming from the resignation of PM Imran Khan post no-confidence vote. The benchmark KSE-100 index posted the highest-ever single-day gain of 1,700 points (in…
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PSX to add more companies to GEM board | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) is in the process to list an additional three to four growth companies on its separately developed Growth Enterprise Market (GEM) board by the end of December 2022. To achieve this, the bourse has eased the eligibility rules for investors to trade the growth stocks which also carried…
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PSX launches Sahulat Account for low-risk investors | The Express Tribune
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[ad_1] KARACHI: In a bid to increase the number of retail investors at the bourse, the Pakistan Stock Exchange (PSX) has introduced Sahulat Account for people intending to enter the equity market. According to a statement issued by the PSX on Tuesday, customers can open the Sahulat Account with stockbrokers without submitting any specific evidence…
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Govt asked to raise funds through PSX | The Express Tribune
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[ad_1] KARACHI: The government should consider using the Pakistan Stock Exchange (PSX) to raise funds for national infrastructure schemes, suggested PSX CEO Farrukh H Khan. Speaking at the Karachi Press Club on Tuesday, he said that a large number of investors were interested in pouring money into government projects, however, they lacked access to proper…
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Sahulat Account: a simplified way to invest in PSX | The Express Tribune
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[ad_1] KARACHI: It has never been more important to save money than it is now. Saving money helps us to meet our expenses for emergencies, child(ren)’s education, big purchases, or accumulating wealth for future use. However, with costs of staples, daily items, utilities, fuel, transportation and other items rising on a frequent basis, everyone is…
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Market watch: Political pressure takes toll on PSX | The Express Tribune
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[ad_1] KARACHI: The intensifying political heat in the country took a toll on the Pakistan Stock Exchange on Friday as the benchmark KSE-100 index dipped 200 points during a tumultuous session. While first half of the session saw the index trade in a narrow range, selling pressure was evident in the second half, which dragged…
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Tech firm delays PSX listing | The Express Tribune
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[ad_1] ISLAMABAD: Coeus Solutions Limited – a tech firm that develops software – has postponed its planned listing at Pakistan Stock Exchange due to prevailing political and economic conditions in the country. Coeus Solutions’ decision to delay the initial public offering (IPO) highlights the cost that investors may have to pay if the current phase…
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Market watch: Uptrend continues at PSX ahead of IMF meeting | The Express Tribune
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[ad_1] KARACHI: The ongoing rally continued at the Pakistan Stock Exchange on Wednesday and the KSE-100 index breached the 46,000-point mark as investors anticipated the resumption of International Monetary Fund (IMF) loan programme. The IMF board was set to meet late on Wednesday and review Pakistan’s case as the country met its prior conditions. Market…
