Pakistan Stocks Nosedive Ahead of Budget Announcement
Karachi, June 8, 2023: The Pakistan stock market experienced a significant decline on Thursday as investors adopted a cautious approach ahead of the federal budget announcement.
Karachi, June 8, 2023: The Pakistan stock market experienced a significant decline on Thursday as investors adopted a cautious approach ahead of the federal budget announcement.
Karachi, June 7, 2023 – Pakistan’s stock market continued its upward trajectory on Wednesday, buoyed by hopes of a loan program under the International Monetary Fund (IMF).
Karachi, June 6, 2023: Pakistan’s stock markets witnessed a notable increase of 255 points on Tuesday, driven by renewed optimism surrounding the International Monetary Fund’s (IMF) loan program renewal.
Karachi, June 5, 2023 – Pakistan stocks kicked off the week on a positive note, with optimistic sentiments prevailing throughout the day.
With the budget scheduled to be unveiled on June 9, 2023, market participants are closely monitoring its impact on the direction of the stock market. Additionally, investors are keeping a keen eye on the progress of Pakistan’s IMF program review, which adds to the market’s overall sentiment.
Karachi, June 2, 2023 – Pakistan’s stock market witnessed a mixed trading session on Friday, with the benchmark KSE-100 index gaining 86 points. The index closed at 41,353 points, showing a slight improvement from the previous day’s closing of 41,267 points.
Karachi, June 1, 2023: In a day marked by range-bound trading, Pakistan’s stock market witnessed a decline of 64 points on Thursday.
In a bearish turn of events, the Pakistan Stock Exchange (PSX) experienced a dominant presence of bears on Wednesday, resulting in a significant drop of 341 points in the benchmark KSE-100 index.
In an exciting development for investors, Pakistan stocks experienced a significant gain of 332 points on Tuesday. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at an impressive 41,672 points, reflecting a substantial increase from the previous day’s closing of 41,340 points.
The Pakistan Stock Exchange (PSX) has recommended to the government the introduction of an investment and saving accounts scheme as part of its proposals for the 2023-2024 budget.