After two relatively stable days, the KSE-100 index dropped 271 points on Wednesday, October 19 to close at 11,640. The index crossed the 12,000 barrier last week, but failed to stabilise and has since nose-dived. The market opened with a gap of around 50 points, largely due to POL’s result announcement, but a selling spree […]
Oct 19 2011 | Posted in
Business |
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With no positive news in the market for the second-consecutive day, the KSE-100 index plunged 63 points to close at 11,912 points on Tuesday, October 18. Engro closed on the lower cap for the second successive day after authorities announced that gas to the production plant will be closed until further notice. A lower lock […]
Oct 18 2011 | Posted in
Business |
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The KSE-100 index shed 12 points on Monday, October 17 to close at 11,976 points. After volumes had soared last week citing an expansionary monetary policy, they plunged down to 79 million, indicating that conditions are still not congenial for investors. Unfavourable macroeconomic conditions overshadowed the government’s effort to attract investment last week and the […]
Oct 17 2011 | Posted in
Business |
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A revision of the monetary policy by the State Bank of Pakistan on Saturday, October 8 attracted investors towards the stock market, but the KSE-100 index, used as a benchmark index, did not show any significant increase. SBP, citing low inflation numbers, adopted an aggressive expansionary policy, slashing the discount rate by 1.5% (150 bps) […]
Oct 16 2011 | Posted in
Business |
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An analysis of the Interest rate cut on the Economy of Pakistan The State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by 1.5% (150 bps) in a bid to kick-start economic activity in the country. However, how far this move will help in facilitating the aim is […]
Oct 15 2011 | Posted in
Business,
Pakistan |
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As a reaction to a 150 basis point slash in the discount rate by the State Bank of Pakistan, the Karachi Stock Exchange 100-index gained 300 points in the first trading session after the announcement on Monday, October 10 to close at 12,154. KSE-100 index is used as a benchmark index because of it includes […]
In an unexpected move, the State Bank of Pakistan reduced its discount rate by 150 basis points, bringing it down to 12% from 13.5%. Although a rate cut was expected, no one would have expected it to be so intense. Analysts and market observers had emphasised that the SBP will not go beyond the traditional […]