PSX records remarkable gains on first day of trading week
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The KSE 100 Index closed the day at 44,766 or up by 2.23%
KARACHI (Dunya News) – Pakistan Stock Exchange on first day of the new week climbed sharply on the back of Chairman Senate Election where Sadiq Sanjrani won the elections for the second time helped improved the sentiments at the stock market which propelled the index by more than 2.2 percent.
The market continued its bullish momentum from Friday with the KSE 100 Index closing the day at 44,766 or up by 2.23% with a positive change of 978.51 points. Clarity over senate chairmanship buoyed investor sentiment while investors shrugged off concerns of a higher inflation and political noise owing to the Long March and filing of petition in SC by PPP to challenge the Senate chairmanship election.
Stocks hammered as KSE-100 sinks over 3000 points in last 4 trading sessions dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
Shares dip at PSX as benchmark loses 828 points
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Valuations are attractive for medium term given current risk-free rate, currency stability
KARACHI (Dunya News) – The KSE-100 index declined by 828 points the lowest since the beginning of 2021 below 45,000 level on concern of higher interest rate, income tax exemptions removal and government s move to pass autonomy bill for the central bank. The KSE index closed at 44,223 points, the lowest level during CY21TD).
During last two sessions the index declined by 3.5% (-1,614 points) which is the highest decline for two consecutive days after 02-Nov-20 (-2,075 points).
Muhammad Saeed Khalid, head of research at Shajar Capital said that plunging of the KSE100 index was mainly witnessed during on the asian equity sell off along with the enraging political turmoil in the country.
PSX plunges 786 points to close at 45,051 points dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
PSX witnesses bearish trend a day after Senate elections: report
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PSX witnesses bearish trend a day after Senate elections: report
KARACHI (WEB DESK) - Senate outcome sent some shivering signals to investors where selling spree hit the deck wiping about 2 percent of 100 index where dozens of companies shares finished at low marks, dealers said.
The KSE-100 index marked a bloodbath session today after the senate election results, where against odds the opposition party emerged victorious on the key senate seats. Investors also feared over covid-19 third wave that caused 75 deaths yesterday (highest in 3 months) along with rise in PIB yields (20-40bps) in the auction held last day said Zaid Aftab research analyst at Pearl Securities.