Posts tagged as: index

21-point gain tosses index to fresh peak

KARACHI: Stocks closed on Friday on a positive note, though with a relatively small gain of 20.83 points, but at an all-time high of 33,786.44 points. Turnover decreased by 14 per cent and trading value by 29pc over the earlier day. Activity was almost entirely concentrated in the second and third tier stocks. As the […]

Market watch: Topsy-turvy week sees index ending in the black

KARACHI: A topsy-turvy week saw the index managing to close in the black with positive momentum dragging it in upwards despite the slide in oil stocks. At close, the Karachi Stock Exchange (KSE) benchmark 100-share index increased 0.60% or 183.70 points to end at 31,011.15. “Morning trade remained thin with low volumes as most institutions preferred […]

Market watch: Foreign selling continues as index takes another beating

KARACHI: Pakistan equities closed negative on a trading day that was cut short by an hour as the market observed mourning following the carnage in Peshawar. At close, the Karachi Stock Exchange (KSE) benchmark 100-share index decreased 0.68% or 209.14 points to end at 30,667.14. Elixir Securities analyst Faisal Bilwani said stocks traded volatile and wider […]

Market watch: Index makes modest gains amid political impasse

KARACHI: The index closed up on healthy turnover and weathered negatives on politics as investors preferred to keep focus on macros and earnings. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index showed an increase of 0.23% or 73.83 points to end at 32,084.16. Elixir Securities analyst Faisal Bilwani said stocks opened negative tracking regional […]

Market watch: Backed by institutions, index breaks past 32,000

KARACHI: The bulls dominated the bourse as institutional interest helped the index cross the 32,000-point barrier. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index increased 0.68% or 218.20 points to end at 32,090.93. Elixir Securities analyst Faisal Bilwani said Pakistan equities inched up as interest from institutions kept momentum strong. “Against our expectation, the […]

Market watch: Sukuk issue spurs interest as index rises

KARACHI: Pakistan equities closed positive on Wednesday with the index testing 31,500, spurred by institutional interest. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index declined 0.74% or 230.73 points to end at 31,454.47. “Investors brushed away Tuesday’s foreign selling as excitement over the issue of Sukuk,” said Elixir Securities Analyst Faisal Bilwani. “Lower oil […]

Market watch: Caution prevails but index closes positive

KARACHI: After plummeting by over 500 points on Thursday, the bourse ended the week positive with index names seeing recovery. At close on Friday, the Karachi Stock Exchange’s (KSE) benchmark 100-share index rose 0.82% or 255.8 points to end at 31,494.84. “Stocks opened positive and traded up, however, turnover was significantly down; lowest this month, and […]

Market watch: Index plummets by 517 points

KARACHI: On the back of an uncertain political situation and a trading imposition on one of the leading brokerage house, the index plummeted but managed to remain above the 31,000-point barrier. The decline comes after days of exceptional performance that saw the index cross the 32,000 level, recording new highs every day. At close on Thursday, […]

Business Confidence Index: Not ‘a bright future’ ahead, survey reveals

KARACHI: Most businesses do not see a ‘bright future’ in the next six months, according to the September edition of the Business Confidence Index Survey (BCI) conducted throughout the country by the Overseas Investors Chamber of Commerce and Industry (OICCI). “Compared to March, businesses think the future is bleaker. Business confidence has decreased across all levels […]

Pakistan ranks third on Global Terrorism Index: report

WASHINGTON: Pakistan ranks third out of 162 countries on the Global Terrorism Index with a score of 9.37 out of 10, the Australia and US-based Institute for Economics and Peace (IEP) said in its report. Pakistan ranks after Iraq which scores 10 out of 10 on the GTI and Afgghanistan which ranks number two with a […]

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