KARACHI: In these early signs of economic stability, current policymakers often cite the increase in KSE 100 levels as a sign of investor confidence. While this is correct, many blue-chip companies are trading at a fraction of their peak dollar valuations reached during the MSCI Emerging Market-induced euphoria in 2017, …
KARACHI: Pakistan Stock Exchange (PSX) on Tuesday achieved another milestone as it breached the 70,000 barrier and rose to a new record high in the backdrop of favourable data of remittances that soared 16.4% year-on-year (YoY) to $2.95 billion in March 2024. Initially, trading began at the intra-day low of …
KARACHI: Pakistan Stock Exchange (PSX) on Monday skyrocketed to another record high above 69,000 points just a day ahead of Eid holidays as investors took cue from the prime minister’s visit to Saudi Arabia and talks over a $1 billion Saudi investment in Reko Diq mining project. In the morning, …
KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high of 69,711 points on Monday, surging by 1.9% to continue its record-breaking spree on the second working day. The market has maintained its momentum over economic optimism in the wake of Prime Minister Shehbaz Sharif’s maiden visit to Saudi Arabia and Finance …
KARACHI: The Pakistani currency has remained stable near its recent five-and-a-half-month high for the past couple of days, closing at Rs277.93 against the US dollar in the interbank market on Friday. The currency has been fluctuating around this level, approaching the significant psychological threshold of Rs277/$. According to the State …
The Pakistan Stock Exchange briefly crossed the 68,000-point mark on Thursday, creating a new record for the stock market. The benchmark 100-index got off to a hot start on Thursday, quickly reaching 68,392 points. However, the PSX fell lower than the mark soon only to cross it again briefly for …
KARACHI: Pakistan Stock Exchange (PSX) on Wednesday soared to a new record high as it crossed the 67,700-point barrier with a surge of more than 850 points on the back of investor enthusiasm about the potential policy rate cut and strong cement sales. The stock market followed an upward trajectory …
Bulls dominated the trade floor at the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 700 points in intraday trade. The KSE-100 index gained 704 points, or 1.05 per cent, to stand at 67,590.26 at 12:01pm from the previous close 66,886.26 points. According to the PSX website, major …
KARACHI: In a much-awaited rally, the Pakistan Stock Exchange (PSX) demonstrated exceptional performance and surged to a new record high above 67,000 points during the outgoing week, where records were eclipsed a couple of times. Investors resorted to value hunting as they took encouragement from relative economic stability, a fast-track …
The Pakistan Stock Exchange (PSX) was bullish Thursday as the KSE 100 index recorded a historic high after gaining over 661 points. At 11:54am the benchmark KSE-100 index stood at 67,208 points compared to the previous session’s close of 66,547. Arif Habib Limited, a brokerage house, noted in a post …