Brokers use their mobile phones as they stand in front of an electronic board displaying stock market prices during a trading session at the PSX halls in Karachi, on June 12, 2017. — Reuters The impressive performance reflects CYTD’s 41% gain in 2024, AHL says. Analysts say PSX is now the fourth-highest-performing stock market in … Read more
Two investors can be seen discussing in front of the digital stock board of the Pakistan Stock Exchange. – AFP/File The PSX opened on a positive note, extending its 26th revision-driven rally. Investors look to dividend-paying stocks as corporate results stream in. Sentiments boosted after the International Monetary Fund forecast Pakistan’s GDP to grow by … Read more
Prime Minister Shehbaz Sharif welcomed the Central Bank of Pakistan’s decision to reduce interest rates by 2%, describing it as a positive step for the country’s economy. He expressed optimism that lowering interest rates will boost investor confidence and increase investments in Pakistan. “The interest rate cut is a welcome step for our economy. It … Read more
View of the World Bank building. – Reuters/File The World Bank report expects the GDP growth rate to reach 2.8% in Pakistan. Business confidence is likely to improve after the credit rating upgrade. Pakistan’s lack of trade openness is hurting exports, the report says. ISLAMABAD: In its report titled “Pakistan’s Development Modernization: Dynamics of Power … Read more
Saudi Investment Minister Khalid bin Abdulaziz Al-Falih addresses the Pakistan-Saudi Business Forum in Islamabad, on October 10, 2024. — Screengrab/GeoNews We must strengthen Pakistan’s economy: Investment Minister. A Saudi minister praises Islamabad for achieving economic stability. Dignity emphasizes shared economic and social values. Saudi Investment Minister Khalid bin Abdulaziz Al-Falih said on Thursday that relations … Read more
Pakistan Securities and Exchange Commission and PSX join forces for Financial Literacy Week: Empowering Future Investors in Pakistan Akef highlights the role of financial culture in economic growth Munther Naqvi KARACHI: Akif Saeed, Chairman, Securities and Exchange Commission of Pakistan (SECP), highlighted the crucial role played by the Pakistan Stock Exchange (PSX) in promoting financial … Read more
A broker takes a picture of the trading screen at the Pakistan Stock Exchange. – Reuters/File After a day of flat close, stocks jumped on Thursday, testing the 83,000 resistance level as easing inflation pressures and hopes of further interest rate cuts, coupled with improving economic indicators, prompted investors to snap up high-yielding stocks. … Read more