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Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

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September 5, 2024

News Desk

PSX increases optimism for a rate cut

KARACHI: The Pakistan Stock Exchange (PSX) continued its upward momentum on Wednesday, climbing nearly 500 points on investor optimism over a possible rate cut in the upcoming State Bank of Pakistan (SBP) monetary policy announcement. The KSE-100 started the day at an intraday low of 78,488.88 points, but moved steadily higher on positive sentiment, boosted by 9.6% Consumer Price Index (CPI) inflation for August. Investor confidence was further boosted by the prime minister’s assurance of compliance with International Monetary Fund (IMF) conditions for securing the $7 billion Expanded Facility (EFF). The finance minister’s confirmation of progress in securing external financing

August 31, 2024

News Desk

PSX is making modest gains in terms of privatizations

KARACHI: Positive momentum continued in the Pakistan Stock Exchange (PSX) on Friday on the back of an improved economic outlook as investors closely watched the government’s discussion on privatization of state-owned enterprises (SOEs). The market was also driven by the uptrend in global equities and the government’s commitment to reduce electricity tariffs. In the morning, trading started with strong buying and the KSE-100 index jumped almost 500 points by the afternoon. It hit an intraday high of 78,914.28, up 565 points. However, profit-taking erased gains, sending the index to an intraday low of 78,439.62. The market rallied towards the close

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