Articles for tag: Concerns , Geopolitical , investors , profits , PSX , slips

PSX slips as investors lock in profits after SBP rate hold

A stockbroker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, January 1, 2025. — PPI The KSE-100 closed at 160,101.02, down 2,062.79 points. The session low was recorded at 159,805.34 points, down by 2,358.47 points. The index hit an intraday high of 163,380.67, up 1,216.86 points. The stock market extended its slide on Tuesday as investors took profits after an extended rally, while worries about inflation, current account pressures and global economic uncertainty weighed on sentiment. The benchmark Pakistan Stock Exchange (PSX) KSE-100 index settled at 160,101.02, down 2,062.79 points, or -1.27%, from its previous close

January 7, 2025

PSX slips as KSE-100 falls over 1.58%

Listen to the article The Pakistan Stock Exchange (PSX) was down significantly today, with the KSE-100 down 1,840.96 points or 1.58% to trade at 114,414.16 during intraday trade. The index hit an intraday high of 116,843.41, but ultimately failed to sustain its upward momentum, sinking to a low of 114,414.16 by the end of trading. Despite the negative movement of the index, trading activity remained high, with 184,728,288 shares exchanged, leading to a turnover value of approximately 14.77 billion. PKR. The PSX’s previous close was recorded at 116,255.12 points, reflecting a significant drop in market performance during the day. Yesterday,

December 19, 2024

PSX slips further, wipes out week’s gains

Pakistan’s stock market saw a notable decline on Thursday, with the index down 1.07%, currently at 109,879.39 as of 11:30 am. of transactions. Selling volume reached 183,992,732, reflecting a relatively active session. The previous close was at 111,070.29, and the market value was 18,542,601,570. Despite peaking earlier, the market’s negative move left investors concerned as the overall change amounted to a decline of 1,190.90 points. The PSX started the week on a higher note, with the KSE-100 briefly surging above 117,000 for the week, marking an all-time high for the market. Earlier on Wednesday, the Pakistan Stock Exchange (PSX) suffered

August 28, 2024

Rizwan enters the top 10 of the ICC Test rankings. Babar slips to ninth

Listen to the article Mohammad Rizwan made a significant leap into the top 10 of the ICC Men’s Test Batting Rankings for the first time thanks to his impressive score of 171 not out and 51 in the recent Test against Bangladesh. Rizwan is ranked tenth along with Australia’s Usman Khawaja. Meanwhile, Babar Azam has slipped six places to ninth after scoring 0 and 22 in the same match. Pakistan’s Saud Shakeel also moved up one place to 13th after his century in the first innings. Bangladesh’s Mushfiqur Rahim climbed to a career-high 17th after his crucial innings of 191

March 6, 2024

PSX slips amid financial headwinds

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday faced pressure from economic headwinds and lost more than 200 points as dismal data indicating a significant 19% year-on-year drop in cement sales and an 8% drop in oil consumption left investors worried. the future course of the economy. In the morning, the session started on a strong note, building on the gains recorded in the previous session. Maintaining the momentum, the KSE-100 crossed the 66,000 mark to hit an intraday high of 66,134.84 before noon. However, the optimism proved short-lived as speculation surrounding new conditions to be imposed by the International

February 28, 2024

Babar Azam slips down ICC Test rankings

SUBSCRIBE TO OUR WHATSAPP CHANNEL A host of India’s match-winners from the fourth Test against England in Ranchi have been rewarded by reaching new career-high scores in the latest ICC Men’s Player Rankings. Youngsters Yashasvi Jaiswal, Shubman Gill and Dhruv Jurel all scored half-centuries during their five-match series-winning triumph and the trio all achieved new career marks in the updated Test batsmen rankings. While New Zealand veteran Kane Williamson maintains a healthy lead as the No. 1 ranked batsman in the world with 893 points and England’s Joe Root moves up to his third courtesy of his 31st Test century

December 20, 2023

Babar Azam regains No.1 ODI ranking, slips down Test rankings

Pakistan’s star batsman Babar Azam has once again climbed to the top of the ICC ODI batsman rankings, displacing Shubman Gill, who now occupies the second spot. This change came after Gill’s absence from the ongoing ODI series against South Africa. Babar currently holds the top spot with an impressive 824 points, while Gill trails far behind in second place with 810 points. King Babar Azam reclaims the throne as world’s number 1 ODI Batter 😭❤️#BabarWeBelieveInYou pic.twitter.com/GPL0T3DZ40 — SAAD 🇵🇰 (@SaadIrfan258) December 20, 2023 Opener Usman Khawaja’s 808 rating points (up three places to fourth) moves ahead of Babar and

December 5, 2023

Bitter pill for Botafogo as Brazil title slips away

SAO PAOLO: After 28 years, it looked like Botafogo’s Brazilian league drought was finally over, thanks to the start of the season and a huge cash infusion from American soccer tycoon-turned-investor John Textor. They then lost their coach to Cristiano Ronaldo’s Saudi side and collapsed spectacularly in a series of key fixtures before letting a 13-point lead evaporate, leaving their long-suffering fans to suffer a little more. Considered one of Brazil’s iconic clubs, Rio de Janeiro-based Botafogo, who won the league in 1968 and 1995, were mathematically eliminated from the 2023 title race on Sunday when they drew 0-0 at

November 8, 2023