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Articles for tag: equities, intraday, Karachi Stock Exchange, KSE-100, PSX, resistance level

July 14, 2025

News Desk

Bull Run continues as PSX breaks the intra-day record again

The Pakistan Stock Exchange (PSX) broke another historic record on Monday, as the KSE-100 reference index increased beyond the sign of 136,000 points during intravenous negotiation, the second milestone crossed the same session, touched 136,140,87. The index increased by 1,540.11 points or 1.15%. At the time of the report, the current index amounted to 135,839.87. The endocrine trading saw the top of the index at 136,140.87 points, exceeding the previous 135,521.84 record earlier. The low day remained in 134,937.43. The market has increased the volume of transactions, exchanged me 151.4 million shares, indicating increased investor activity. The total value negotiation

June 4, 2025

News Desk

PSX hits the intraday record as KSE-100 crosses 121,000 points for the first time

The record running on the Pakistani Stock Exchange (PSX) continued on Wednesday, with the KSE-100 index closing over 121,000 points for the first time in history. The index ended on 121.798.86, earning 1,347.99 points or 1.12%. The market reached a high 121.882.47 and a low 120.896.13. The volume of trading amounted to 292,413,286 shares, with a transaction value of 24,368,739,916. This follows the PSX’s historic landmark that closes over 120,000 points for the first time just the day before. The market reached a high 121.882.47 and a low 120.896.13. The volume of trading amounted to 292,413,286 shares, with a transaction

January 2, 2025

News Desk

PSX Sets New Milestone, Surpasses 118,000 Units In Intraday Trading

Listen to the article The Pakistan Stock Exchange (PSX) hit a new high with the KSE-100 breaking the 118,000 mark during intraday trading on Thursday However, as trading continued, the shares fell slightly to 117,911.83. Investor optimism drove the index to a high of 118,367.81, before settling near the current limit. The low so far for the day has been recorded at 117,065.97. Trading activity is strong, with a total volume of 142.83 million shares traded, worth Rs 11.31 billion. The previous day’s close was at 117,008.08. The KSE-100 showed resilience in recent sessions, supported by solid corporate earnings and

November 14, 2024

News Desk

PSX tops 94,200 to hit new intraday highs as mini-budget fears ease

A stockbroker looks at a computer during a session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks on Thursday hit a new lifetime high above the 94,200 mark amid strong expectations of a soft landing for the economy, following reports that the International Monetary Fund (IMF) is unlikely to pressure Pakistan to introduce a mini-budget. At 12:22 pm, the benchmark Pakistan Stock Exchange (PSX) KSE-100 rose 865 points to hit a record high of 94,225 points. Khurram Schehzad, CEO of Alpha Beta Core, suggests that investor optimism is driven by the IMF team’s

October 24, 2024

News Desk

PSX scales new intraday high above 88,000 on economic strength

Stockbrokers use their mobile phones as they stand in front of the electronic board displaying stock market prices during a session at the PSX halls in Karachi, June 12, 2017. — Reuters Stocks on Thursday hit an intraday high of more than 88,000 points as investors showed strong interest in interest rate-sensitive sectors, anticipating significant monetary easing at the upcoming central bank meeting on the back of a generally upbeat economic outlook. The PSX’s benchmark KSE-100 rose 901 points to 88,095 in intraday trading at 11:07 a.m., from its previous close of 87,194.53. Commenting on the rally, Saad Ali, Head

October 23, 2024

News Desk

PSX hits new intraday high above 87,000 on economic optimism

Two investors are seen discussing in front of the digital stock board at the Pakistan Stock Exchange. — AFP/File PSX opens on a positive note, extending the 26th rally driven by modifications. Investors look to dividend-paying stocks as corporate results trickle in. Sentiment boosted after IMF predicts Pakistan’s GDP to grow at 3.2% Stocks on Wednesday breached the psychological barrier of 87,000 points to touch a new all-time high, largely on optimism that Pakistan’s economy was on track, supported by strong data and International Monetary Fund (IMF) forecasts for the economic year 2024-25. The benchmark KSE-100 index of the Pakistan

October 8, 2024

News Desk

Stocks soar near 900 points in intraday trade, adding to rate cut optimism rally

Men use their mobile phones as they stand in front of the electronic board displaying stock market prices during a session on the halls of the Pakistan Stock Exchange (PSX) in Karachi, June 12, 2017. — Reuters Pakistani shares rose nearly 900 points on Tuesday in intraday trade, extending a rally fueled by bets of an extended monetary policy hawkishness from the central bank, giving a boost to interest-sensitive sectors, traders said. . The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 jumped 897, or 1.04%, to 85,807 at 12:13 p.m. against the previous close of 84,910.29 units. Analysts say certain sectors,

October 7, 2024

News Desk

Shares hit record high of 84,900 fueled by energy rally in intraday trade

Stockbrokers watch the news on a television screen in a booth, during a session at the Pakistan Stock Exchange, in Karachi, Pakistan, July 3, 2023 — Reuters Stocks on Monday breached a record high of 84,900 points on a huge rally in the energy sector and growing optimism about possible rate cuts, traders said. The benchmark Pakistan Stock Exchange (PSX) KSE-100 hit an intraday high of 84,910.29 points, up 1,378.34 points or 1.65%, by 03:58 pm. Analysts, including Samiullah Tariq, pointed to rising interest rate cut expectations as a key driver, citing a continued decline in consumer price index (CPI)

October 3, 2024

News Desk

Stocks jump over 900 points on renewed economic optimism in intraday trade

A broker takes a photo of a trading screen at the Pakistan Stock Exchange. — Reuters/File A day after closing flat, stocks rose more than 900 points in intraday trade on Thursday, testing the 83,000 barrier as easing inflationary pressures and stronger economic indicators prompted investors to bag high-yield stocks. The benchmark Pakistan Stock Exchange (PSX) KSE-100 gained 924.94 points, or 1.13%, to hit a high of 82,958.73 at around 2:06 p.m. Commenting on this sharp rise, Raza Jafri, Managing Director, EFG Hermes Pakistan, said lower bond yields make stocks more attractive, especially high dividend yielding and highly leveraged stocks.

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