Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The KSE-100 Index remained bearish for the first three days of the week before finally rebounding in the last session on Friday, October 28 to close at 11,562 points after having seen the monthly-low of 11,283 points on Thursday, October 27. After four consecutive sessions of bearish activity, including Friday of last week, analysts declared […]
After four sessions of bearish activity, the KSE-100 index gained 278 points or 2.47% to cross the psychological barrier of 11,500 and finish at 11,561 points on Friday, October 28. It had been largely anticipated by observers that political processions in Lahore might have a negative impact on the market, but positive activity in OGDC, […]
KSE declines 8 points as the uncertainty in Pak-US relations continues The Karachi share market remains depressed as the uncertainty in Pak-US relations persists. With a decline of eight points, the market closed in the red zone on Tuesday, October 25 as the offshore participants off-load their holdings following tough message to Pakistan by US […]
KSE-100 Index: Daily Overview – October 26 The KSE-100 Index failed to sustain the 11,500 point barrier, shedding 130 points on Wednesday, October 26 to close at 11,387 points to reach the lowest level in the October. Although volumes showed improvement at 80.9 million shares, the sentiment remained negative throughout the session. FFBL announced its […]
After a rather long weekend, the KSE-100 index continued from where it left in the previous week, shredding 8 points to close at 11,517 points on Tuesday, October 25. Pakistan People Party’s former chairperson and wife of Zulfiqar Ali Bhutto, Begum Nusrat Bhutto, passed away on Sunday, October 23 in Dubai. The government, in respect, […]
Major shareholder abandons Hubco; 140 million shares sold for $60 million The rumours finally materialised last week when Xenel industries of Saudi Arabia actually sold out its entire holding in the Hub Power Company, Pakistan’s Largest Independent Power Plant, to quit its investment from Pakistan. Xenel sold its 140 million shares in Hubco for $60 […]
After dropping 272 points on October 19, the KSE-100 index gained 45 points on Thursday, October 20 amid news of relaxation in banking regulations to close at 11,685 points. There was a rumour that the government has relaxed the FSV regulation for banks and thus the previously monotonous sector, showed signs of life with investors […]
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 […]
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 […]
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 […]
