Profit-taking in heavyweight stocks overshadows positive economic signals and lower fuel prices
KARACHI: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) closed sharply lower on Monday, losing 1,156.47 points as investors resorted to profit-taking amid lingering concerns over developments in the Middle East.
(more…)
International bullion prices drop as improving investor sentiment reduces demand for safe-haven assets
KARACHI: Gold prices in Pakistan opened the week on a negative note, falling by Rs2,300 per tola on Monday as weakness in international bullion markets weighed on domestic rates.
(more…)Lower fuel prices, easing geopolitical tensions and strong liquidity support weekly gains
KARACHI: The Pakistan Stock Exchange (PSX) ended the week in positive territory, with the benchmark KSE-100 Index gaining 649 points, or 0.36 per cent, to settle at 179,571 points. The weekly advance was supported by easing geopolitical tensions, lower fuel prices, improving macroeconomic indicators and continued investor confidence despite rollover week activity.
(more…)24-karat gold estimated to drop below Rs418,000 per tola amid sharp decline in international markets
(more…)Benchmark index rebounds strongly as falling crude prices and regional developments boost investor confidence
KARACHI: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) posted a strong recovery on Wednesday, rising by 1,878 points as investors cheered declining international oil prices, improving regional developments and expectations of stronger economic activity.
(more…)
Brent crude slips below key threshold as improving Strait of Hormuz traffic eases supply concerns
International oil prices extended losses on Wednesday, with Brent crude falling below the $75-per-barrel mark and US benchmark West Texas Intermediate (WTI) dropping below $72, as progress in US-Iran peace talks improved market sentiment and reduced fears of supply disruptions.
(more…)
Clearing members directed to maintain sufficient funds as NCCPL finalises CGT liabilities and reinstates Super Tax obligations
(more…)Profit-taking and rollover activity overshadow positive economic developments and easing geopolitical tensions
KARACHI: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) closed sharply lower on Tuesday, shedding 778 points as fiscal year-end rollover pressure and profit-taking activity weighed on investor sentiment.
(more…)Precious metal weakens as international rates and inflation shift investor sentiment
KARACHI: Gold prices in Pakistan recorded a sharp decline on Tuesday, falling by Rs10,400 per tola as investors reduced exposure to safe-haven assets amid changing global economic conditions.
(more…)Profit-taking in heavyweight stocks erases early gains despite strong trading activity
KARACHI: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) ended lower on Monday as investors booked profits following the market’s recent rally, dragging the benchmark down by 450 points despite a positive start to the session.
(more…)