Stocks
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Market watch: Stocks rally on PM’s relief package | The Express Tribune
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[ad_1] KARACHI: Bulls maintained their grip on the Pakistan Stock Exchange on Tuesday, as the announcement of a relief package by Prime Minister Imran Khan instilled a ray of optimism among investors. The benchmark KSE-100 index stayed in the positive territory throughout the day and staged a handsome rally, gaining 342 points by the end…
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Market watch: Bulls dominate as stocks make sharp recovery | The Express Tribune
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[ad_1] KARACHI: Bulls made a spectacular comeback at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index, despite opening on a dull note, managed to soar past 44,000 points. Investors were observed cherry-picking stocks that had dropped to attractive valuations during the previous week’s bearish spell at the bourse. Earlier, the market endured…
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Crude jumps, stocks slip, rouble crashes to record low | The Express Tribune
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[ad_1] TOKYO: Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT global payments system. Safe-haven demand boosted bonds along with the dollar and yen while the euro sank…
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Market watch: Stocks rally as global equities recover | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Friday got some relief from yesterday’s free fall and recovered slightly as a rebound in global equity markets and slide in international crude oil prices revived the interest of nervous investors. The benchmark KSE-100 index, despite minor fluctuations, mostly stayed in the positive territory to close last day…
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Market watch: Stocks rise, aided by IT sector package | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange staged a rebound on Wednesday as the KSE-100 index climbed 121 points, aided by investor interest in technology stocks. The approval of an incentive package for the IT industry by Prime Minister Imran Khan triggered bullish activity in the technology sector, where stocks were in the limelight throughout the…
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Market watch: Stocks fall as global crude oil rises | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange extended losses on Tuesday, as jittery investors took cue from the global equities’ sell-off amid rising geopolitical tensions that lifted international crude oil prices. The benchmark KSE-100 index, in the absence of any positive triggers, stayed in the red zone throughout the session. Index heavyweight sectors, mainly technology and cement,…
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Stocks fall in tumultuous week | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange experienced a tumultuous week marred by escalation of Russia-Ukraine unrest, spike in oil prices and rise in trade deficit. As a result, the KSE-100 remained volatile and slid 404 points or 0.9% to close at 45,676 level. “Major reason for the negative momentum this week was higher oil prices…
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Market watch: Stocks recover on Wacog bill approval | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to record a decent rally on Friday as the benchmark KSE-100 index, after staying in the green zone throughout the day, added 235 points to close the week on a positive note. The investors particularly cheered the Senate’s nod on the long-pending legislation to implement the weighted average…
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Market watch: Stocks extend losses over inflation concerns | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange extended losses on Thursday as the KSE-100 index shed 244 points, driven by pessimism over fuel price hike coupled with announcement of poor corporate results by some companies. The market was reeling from the sharp spike in prices of petroleum products, which sparked fears of acceleration in the inflation rate.…
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Market watch: Petroleum price hike pulls stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Wednesday experienced a tumultuous session as the KSE-100 index traded on both sides of the fence and closed the day on a negative note. A massive increase in petroleum prices by the government impacted investor sentiment, which kept trading in a narrow range. As inflation reading was expected…
