KARACHI: The stock market is likely to stay positive during next week owing to the expected transfer of $3 billion from Saudi Arabia. Analysts at Arif Habib Limited said that the market to show positivity in the upcoming week is attributable to support from Saudi Arabia in terms of safe deposits of $3 billion in […]
KARACHI: Bulls return to the stock market which gained 178 points on Friday ending a 4-day losing streak. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 44,114 points against 43,936 points showing an increase of 178.4 points. Analysts at Arif Habib Limited said that the battle between bulls and bears was […]
KARACHI: Bears ruled the stock market for the fourth consecutive session on Thursday as the benchmark index declined by 428 points. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 43,936 points as against the previous day’s closing of 44,364 points. Analysts at Arif Habib Limited said that bears ruled over the […]
KARACHI: Pakistan Stock Exchange (PSX) on Thursday announced a temporary change in duration for closing price determination and market timings. The PSX said that in the context of the reclassification of Pakistan from MSCI Emerging Market Index to MSCI Frontier Market Index, all Market Participants are hereby informed that the following temporary changes in ‘Market […]
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) fell by 585 points on Wednesday as investors feared on mini-budget reports. The index closed at 44,364 points from the previous day’s closing of 44,948 points. Analysts at Arif Habib Limited said that bears continued to dominate over the bulls for the straight three […]
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) fell by 796 points on Tuesday on hefty increase in Karachi Interbank Offered Rate (KIBOR) following key policy rate rise. The KSE-100 index closed at 44,949 points as against the previous day’s closing of 45,745 points, showing a decrease of 796 points. Analysts at […]
KARACHI: Stocks plunged 744 points on Monday while reacting to an unexpected hike in interest rate by the central bank. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,745 points as against last Friday’s closing of 46,489 points. Analysts at Arif Habib Limited said that bears ruled over the bulls today […]
KARACHI: The stock market is likely to react to a hike in the policy rate during next week. The State Bank of Pakistan (SBP) increased the key policy rate by 150 basis points to 8.75 per cent. Analysts at Arif Habib Limited said that following clarity in the monetary policy, the market will react accordingly […]
KARACHI: The stocks gained 379 points on Friday owing to major trading activity in banking sector on massive rise in interest rate by the central bank. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,489 points as compared with previous day’s closing of 46,110 points. Analysts at Arif Habib Limited said that […]
KARACHI: TPL Properties (TPLP) and Bahria Foundation have signed a Memorandum of Understanding (MoU) for the construction of tourist beach resorts. TPL Properties said it signed the MoU with Bahria Foundation, according to a communication received to Pakistan Stock Exchange (PSX) on Friday. The company said that it had signed a MoU with Bahria Foundation, […]