Stocks
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PSX sinks below 40,000 as stocks plunge to lowest level since July 2022
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[ad_1] An investor can be seen looking at the digital stock board at the Pakistan Stock Exchange in this undated image. — AFP/File The Pakistan Stock Exchange (PSX) on Tuesday sunk below the 40,000 mark — its lowest level since July 2022 — as the benchmark KSE-100 index fell over 1,100 points owing to emerging…
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Stocks bullish on Dar’s remarks | The Express Tribune
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[ad_1] KARACHI: Bulls returned to Pakistan Stock Exchange on Wednesday following Finance Minister Ishaq Dar’s remarks that brushed off rumours about the ninth review of IMF loan programme. The stock market kicked off trading on a positive note as Dar announced that his team was in talks with the International Monetary Fund (IMF). Investors cheered…
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US stocks fall as BoE follows Fed with big rate hike
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[ad_1] US stocks fall — AFP/file NEW YORK: Wall Street stocks fell early Thursday after the Bank of England followed the US Federal Reserve in enacting a big interest rate hike to combat inflation. The BoE said it was lifting borrowing costs by 0.75% percentage points to 3% in its biggest rate hike since 1989.…
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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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Stocks climb up on China loan rollover | The Express Tribune
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[ad_1] KARACHI: Bulls dominated trading at the Pakistan Stock Exchange (PSX) during the outgoing week with four sessions closing in the green. Investors’ buying interest revived as soon as China agreed to refinance a $2.24 billion loan. Investors took fresh positions as the week began with positive news that the government was engaged in talks…
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Stocks snap bullish streak over Moody’s | The Express Tribune
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[ad_1] KARACHI: A four-day winning streak ended at the Pakistan Stock Exchange on Friday as a Moody’s report sparked concerns among investors, who remained cautions while trading stocks. The rating agency downgraded Pakistan’s credit rating to Caa1 from B3. The stock market expected further deterioration in the economic outlook of the country. Despite pessimism, the…
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Chip stocks hammered | The Express Tribune
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[ad_1] SINGAPORE: A handful of chipmakers including Micron and AMD have signalled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones. Chip stocks across the world tumbled on Friday after memory chip maker Micron Technology Inc forecast on…
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Stocks close last session of FY22 in green | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange closed the last trading session of FY22 with a recovery of 243 points in a volatile trading session. Value buying by investors sent the benchmark KSE-100 index above the 41,500-point mark. Investors’ sentiment remained positive amid approval of Rs9.6 trillion federal budget and the Finance Bill by the National…
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Stocks surge as investors weigh positive cues | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) celebrated the positive cues on Monday as bulls returned to the market, who lifted the benchmark KSE-100 index by over 800 points. The KSE-100 index recorded a sharp recovery as investors expressed optimism about the probability of IMF sending a draft of the Memorandum of Economic and Financial…
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Stocks flat on mix of positive, negative news | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange opened the week on a negative note, witnessing a bloodbath over the lack of satisfaction by the International Monetary Fund (IMF) with the federal budget for 2022-23. Owing to this, the market plunged by 1,135 points day-on-day. However, positivity was witnessed at the bourse later and the KSE-100 index…
