Stability returned to the KSE-100 index as it survived pressure across the board to close at 11,746 points, shedding only 17 points on Wednesday, November 2. Volumes continued to plunge, dropping down to 63.86 million after clocking the 84.4 million mark of Tuesday, November 1. There was no major attraction for investors today, the only […]
Nov 2 2011 | Posted in
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The KSE-100 index, after closing positively on Friday, October 28, gained 307 points on Monday, October 31 to close at 11,869 points, 161 more than where it started in October. Volumes remained low throughout the last week, but crossed the 100 million mark in the first session of this week, primarily due to buying in […]
Oct 31 2011 | Posted in
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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 […]
Oct 29 2011 | Posted in
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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, […]
Oct 28 2011 | Posted in
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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 […]
Oct 26 2011 | Posted in
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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, […]
Oct 25 2011 | Posted in
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Amid depreciation in the Pakistan Rupee against the US Dollar, stocks have shown a steady trend in October. The exchange rate shows how much one currency is currently worth in terms of the other. If the value of the local currency increases in terms of the foreign currency, the local currency is said to be […]
Oct 20 2011 | Posted in
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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
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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
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