KSE-100 | Pakistan

Pakistan’s benchmark index, KSE-100, rebounded slightly on Friday by 1836.36 points after shedding 6131.53 points on the previous day. The benchmark index closed at 184,174.48 points, 1.01 per cent higher than its previous close of 182,338.12. Trading was relatively volatile, with the benchmark hitting an intraday high of 186,619.51 points and a low of 182,347.47. Trading activity remained healthy, with volumes of 344.196 million shares and a total traded value of Rs37.47 billion, indicating active participation despite intraday swings. K-Electric Limited was the top active stock with a volume of 81,415,506, followed by Hascol Petroleum Limited at 66,471,778, Worldcall Telecom Limited at 53,707,694, and Bank of Punjab at 28,310,030. Chenab Limited (Pref) led the top advancers, gaining 18.34pc to Rs4.71, followed by Apna Microfinance Bank gaining 10.01pc to Rs17.92, Kohinoor Industries Limited gaining 10.01pc to Rs69.37, and First Tri-Star Modaraba gaining 10pc to Rs44.21. According to Shoaib Memon, executive ...

Pakistan’s benchmark KSE-100 index remained under pressure on Thursday, closing in the red at 182,338.12 points, a sharp slip of 6042.26 points, or 3.21 per cent, from its previous close of 188,380.38. Trading activity hit a volume of 413.82 million shares and a total traded value of Rs52.45 billion. All commercial banks, fertiliser, automobile assemblers, close-end mutual funds, leather and tanneries, oil and gas exploration companies, synthetic and rayon companies, tobacco, transportation, vanaspati and allied industries, along with woolen industries, were trading in the red. Maaz Mulla, vice president equity sales at Topline Securities, noted that “the sharp decline was primarily triggered by Fauji Fertilizer Company Limited’s result, which disappointed the market as earnings came in below industry expectations due to lower-than-anticipated gross margins”. Top decliners included Kohinoor Power Company Limited, which dropped to Rs44.60 followed by Said Textile Mills Limited, which fell to Rs36.61, and Kohin...

Pakistan’s benchmark stock exchange, KSE-100, remained under pressure, closing in the red at 188,202.85 points, a 0.2 per cent fall from the previous close of 188,587.66 points. The index touched an intraday high of 189,521.32 points in early trading before briefly slipping to 187,538.23. Trading activity remained moderate, with volumes at 341.60 million shares at a market value of Rs40.22 billion. At the midday mark, the index had stood at 188,001.04 points, down 586.62 points. There was heightened volatility on account of yesterday’s State Bank of Pakistan (SBP) announcement to maintain the key policy rate of 10.5pc. Industry leaders and traders alike were surprised by this announcement, resulting in the subdued performance of the exchange so far today. Arif Habib Limited noted that they had anticipated that the SBP was likely to deliver a 75 basis points cut during the Monetary Policy Committee (MPC), potentially taking the policy rate to 9.75pc, signalling a long-awaited return to single-digit territory. ...

Bulls were in control at the Pakistan Stock Exchange (PSX) on Friday as the benchmark KSE-100 index rose by more than 4,800 points with analysts attributing the rally mainly to the extension of the ceasefire between Pakistan and Afghanistan. The KSE-100 index rose by 4898.86 points, or 3.13 per cent, to close at 161,631.73 points, breaking a seven-day losing streak. Yousuf M. Farooq, director of research at Chase Securities, told Dawn.com that the market rebounded today on “reports of Pakistan–Afghanistan ceasefire talks, the end of rollover week, and renewed institutional buying after the recent correction opened up valuations”. “Focus now shifts to the International Monetary Fund (IMF) review and any revenue measures (including possible tax increases) needed to meet targets,” he said, adding that investors will also watch Monday’s trade balance data for cues on the economic outlook. “Retail investors should use equities primarily for long-term wealth creation, set asset allocation by age, liquidity needs an...

A day after experiencing a significant downturn, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rebounded by 7,000 points on Tuesday, recouping the previous day’s losses. Bearish sentiment had taken hold of the market on Monday, with the 100-Index plummeting 4,600 points, wiping out Rs534 billion from market capitalisation, amid rising tensions with Afghanistan, political instability in Khyber Pakhtunkhwa, and violent protests in Punjab. The market had closed at 158,443 points, lower by 4,654 points, or 2.85 per cent. Today, the KSE-100 index surged 7,032.6 points, or 4.44pc, to close at 165,476.02 points. Of 483 active scrips, 391 advanced , 69 declined while 23 remained unchanged. Yousuf M. Farooq, director of research at Chase Securities, told Dawn.com that the market had rebounded today as “tensions with Afghanistan and domestic unrest following the breakup of Tehreek-i-Labbaik Pakistan (TLP) protests had eased overnight”. “After entering a corrective phase following the trade data released o...