Stock Exchange Archive

Stocks rally 222 points after a day’s break

KARACHI: The correction seen on Monday proved short-lived as the KSE-100 index recovered 221.79 poi­n­ts (0.55 per cent) on Tuesday and settled at 40,664.60. With all quiet on the news front, either economic or political, the index moved both ways as investors …

Stocks undergo correction after massive rally

KARACHI: Bulls took a breather after several days of rampage that had pushed the KSE-100 index up by 2,339 points (6.2 per cent) and on Tuesday retreated by 335 points (0.84pc) to close at 39,788. Although the market exp­e­­cted another major rally …

Moody’s upgrades Pakistan’s outlook from negative to stable

Moody’s Investors Services upgraded Pakistan’s outlook from ‘negative’ to ‘stable’, reaffirming the country’s rating of B3, the agency announced on Monday. Moody’s had downgraded Pakistan’s ratings outlook to negative last year in June, citing heightened external vulnerability risk due to depleting foreign exchange reserves. “The change …

Meltdown on PSX; index plunges 936 points

KARACHI: From profit-taking a day earlier, the stock market descended into panic selling on Thursday as the KSE-100 index lost a massive 936 points (2.46 per cent) and closed at 37,101. The market opened on a negative note and the index sank …

PSX observes bearish trend

KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Thursday lost 349 points after yesterday’s reports that it has outperformed the world’s leading stock markets during the last three months due to the government’s steps to stabilise economy. The benchmark KSE-100 index …

Stocks repeat bullish week

KARACHI: The stock market witnessed another spectacular rally in the outgoing week with the benchmark KSE-100 index up by 1,606 points (4.5 per cent) and closing seen above the 37,000 resistance level at 37,584. Incidentally the market performance matched the earlier week …

Stocks snap eight-day rally

KARACHI: Stocks ran into profit-taking after nervousness seeped in of an over-bought market as in the eight straight sessions until Monday, the KSE-100 index had risen by a massive 3,042 points or nine per cent. On Tuesday the market opened in the …

Stocks rise on foreigners’ cherry-picking

KARACHI: Stocks extended the gains for fourth successive session on Thursday with the KSE-100 index closing up by 105.19 points (0.30 per cent) at 35,758.52. While institutions stayed away from the market, foreigners swooped to cherry-pick blue chips worth $3.16 million. Individuals …

Stocks jump 295 points on individual buying

KARACHI: The stock market demonstrated bullish trend for the third day in succession with the KSE-100 index climbing 295 points (0.83 per cent) and settle down at 35,358. Market men suggested that the investors had moved out of fixed savings into equity …

Stocks jump 41-session high of 900 points

KARACHI: Bulls went on a rampage on Monday tossing the KSE-100 index up by 899.85 points (2.62 per cent) so that it closed above the 35,000-level for the first time in four months, at 35,277.46. The frenzied buying by investors was fuelled …

Bull-run continues at Pakistan Stock Exchange

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday witnessed a bullish trend as the KSE-100 index gained 80 points to close at 35,358 points, ARY News reported. A total of 308,484,510 shares were traded compared to the trade of 207,782,700 shares during the …

Stocks bounce back in noisy week

KARACHI: After closing two weeks in red, stocks rebounded in the outgoing week with the KSE-100 index up 720 points (2.14 per cent) to close above the 34,000 level at 34,378 points. Positive sentiments were triggered following the decline in yields on …