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Articles for tag: AllTime, high, inventories, KSE 100, Latest, points, PSX, Shares, Soars, Surpasses

April 8, 2024

News Desk

PSX Soars to All-Time High, Surpasses 69,000 Points

KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high of 69,711 points on Monday, rising 1.9% to continue its record high for the second trading day. The market maintained its momentum on economic optimism following Prime Minister Shehbaz Sharif’s maiden visit to Saudi Arabia and Finance Minister Muhammad Aurangzeb’s preparations to visit Washington next week to formally apply for a new IMF loan program. The KSE 100-Index closed at 69,620 points, paring intraday high gains of 1,203 points or 1.76% at the end of the session. The market has gained 8.5% or 5,476 points since the February 8

March 28, 2024

News Desk

The PSX reaches an all-time high, surpassing 67,200 points

KARACHI: The Pakistan Stock Exchange (PSX) hit an all-time high of 67,246 points before midday on Thursday after registering a 1% gain, maintaining its record high for the second consecutive trading day. The market hit a new high after the UK-based global index provider (FTSE) announced its decision to keep Pakistan in the ‘secondary emerging markets’ category for the next six months against an expected downgrade. The FTSE is one of two global indices tracked by foreign investors managing close to $16 trillion in assets. The decision may help Pakistan attract extensive foreign buying into local stocks. Intraday high gainers,

March 15, 2024

News Desk

In a sharp turn, stocks turn bullish

KARACHI: The Pakistan Stock Exchange (PSX) took a sharp turn on Thursday as the KSE-100 index surged over 1,000 points, breaching the 65,000 mark in a huge jump that came amid optimism over the International’s latest assessment of $3 Monetary Fund. billion standby agreement (SBA) and reducing bond yields. The stock market rallied as soon as trading began and the upward trend continued steadily almost throughout the day after the government’s talks with the IMF began. The Treasury Department’s assurance that the country is well positioned to finalize the SBA and negotiate a new bigger and bigger loan package lifted

November 24, 2023

News Desk

PSX breaks new milestone of 59,000 points

KARACHI: The Pakistan Stock Exchange (PSX) continued its record-breaking spree on Friday and breached the landmark 59,000 mark, hitting an all-time high of 59,500 on economic optimism. The benchmark KSE-100 hit a record high of 59,502 points, up 1% or 602 points in early morning trading on Friday, from Thursday’s close of 58,900. With that, the index is up a cumulative 12.5% ​​or 6,626 points in the past three weeks to date, or since the market broke a six-year record high of 52,876 points on November 3, 2023. At the close of the day’s first session, intraday gains fell 499

November 2, 2020

The Pakistan Daily

Pakistani stocks plunge amidst growing COVID-19 & political instability

Securities on the Pakistan Stock Exchange (PSX) plunged once again on Monday, an almost identical trajectory to the one witnessed on the previous trading day (Thursday), as rising Covid-19 cases in the country and rising political instability in the country, pushing the benchmark index down approximately 1,000 points within an hour of the opening bell. The KSE-100 index was down 963.74 points at 38,924.26 by 12:55pm. Commercial banks were among the top losers, followed by oil and gas exploration companies, cement, and oil and gas marketing companies. “The market is under pressure due to the fear of a global lockdown

October 29, 2020

The Pakistan Daily

KSE-100 plunges amidst political instability, loses 1298 points

Pakistan’s benchmark index plunged amidst political instability on Thursday as KSE 100 Index shredded more than 1,200 points as the market saw sustained selling pressure in the backdrop of the news of a second coronavirus lockdown. The Pakistan Stock Exchange ended on a negative note, with the benchmark KSE 100 Index losing 1,298 points, or 3.15%, by the end of the trading session to reach 39,888. 374.8 million shares had changed hands by the end of the session, with a total worth of nearly Rs16.5 billion. Stocks of 372 companies were traded, of which 50 gained in value, 315 declined

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