Karachi, October 7, 2024 – In a historic leap, the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) skyrocketed on Monday, closing just shy of the coveted 85,000-point milestone. The index surged by 1,378 points, or 1.65%, to conclude the trading session at 84,910 points, a significant rise from last Friday’s close of 83,532 points.
(more…)Tag: KSE-100
-
Pakistan Stock Market Expected to Maintain Rally Next Week
Karachi, October 5, 2024 – The Pakistan stock market is expected to continue its upward rally in the coming week, starting October 7, 2024, owing to prevailing positive sentiments and favorable market conditions. According to analysts at Arif Habib Limited, the market is projected to sustain its momentum as investors anticipate strong financial results with the start of a new earnings season.
(more…) -
Pakistan Equities Soar to Record High of 83,532 Points Amid Yields Decline
Karachi, October 4, 2024 – Pakistan equities soared to a historic high on Friday as the KSE-100 index surged to an unprecedented 83,532 points. This significant milestone was fueled by renewed investor confidence following a sharp decline in yields in the secondary market, particularly in government-issued Treasury Bills (T-Bills) and Pakistan Investment Bonds (PIBs).
(more…) -
Pakistan Stock Market Hits All-Time High at 82,722 Points
Karachi, October 3, 2024 – In a historic performance, the Pakistan Stock Exchange (PSX) soared to an all-time high on Thursday, with the benchmark KSE-100 index reaching 82,722 points. The remarkable surge of 755 points from the previous day’s close of 81,967 points highlights the buoyant sentiment that dominated the market, as investors capitalized on improved market conditions and positive corporate earnings.
(more…) -
KSE-100 Gains 162 Points Despite Global Geopolitical Concerns
Karachi, October 2, 2024 – The KSE-100 index, the benchmark of the Pakistan Stock Exchange (PSX), posted a gain of 162 points on Wednesday, closing at 81,967 points, up from the previous day’s 81,805.
(more…) -
Bulls Reign as KSE-100 Index Surges 690 Points
Karachi, October 1, 2024 – Bulls firmly gripped the Pakistan Stock Exchange (PSX) on Tuesday, propelling the benchmark KSE-100 index to a substantial gain of 690 points. The KSE-100 index closed at 81,804 points, a marked rise from the previous day’s close of 81,114 points, showcasing a robust performance by the local equity market.
(more…) -
KSE-100 Index Falls 178 Points Amid Decline in Energy Stocks
Karachi, September 30, 2024 – The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index experienced a decline on Monday, shedding 178 points as energy-related stocks led the market lower. The index closed at 81,114 points, down from Friday’s closing of 81,292 points, reflecting a 0.22% decrease.
(more…) -
IMF Tranche Likely to Push Upward Pakistan Stocks Next Week
Karachi, September 28, 2024 – Pakistan stocks is expected to maintain its positive trajectory next week, buoyed by the receipt of the first tranche under the $7 billion loan program from the International Monetary Fund (IMF).
(more…) -
KSE-100 Index Drops 366 Points Amid Market Pressure
Karachi, September 27, 2024 – The Pakistan Stock Exchange (PSX) faced another challenging day on Friday, as the benchmark KSE-100 index dropped by 366 points, continuing its downward trend.
(more…) -
KSE-100 Index Drops 590 Points Despite IMF Loan Approval
Karachi, September 26, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a significant drop of 590 points on Thursday, closing at 81,658 points, despite the positive news of the International Monetary Fund (IMF) approving a $7 billion Extended Fund Facility (EFF) for Pakistan. The index, which had closed at a record high of 82,248 points the previous day, reflected a 0.72% decline by the end of the session.
(more…)