The KSE-100, the benchmark index of the Pakistan Stock Exchange (PSX), is expected to continue its upward trajectory in calendar year 2025 (CY25), with an expected return of 55.5% (49% in USD), driven by lower interest rates and improving macroeconomic stability. , according to a report by AKD Securities. The index is expected to reach … Read more
The Pakistan Stock Exchange (PSX) has completed the semi-annual reconstitution of the KSE-Mizan 30 Index (KMI-30) for the period from January 1, 2024 to June 30, 2024. The reconfiguration will take effect on Monday, December 30. 2024, includes the inclusion of seven companies with the elimination of an equal number based on the specified selection … Read more
The Pakistan Stock Exchange (PSX) continued its decline on Thursday, with the benchmark KSE-100 index losing 4,795.32 points, or 4.3%, to fall to 106,274.97 at the closing bell. The decline came on the heels of Wednesday’s historic loss of 3,790 points, as selling pressure gripped key sectors such as chemicals, commercial banks, power generation and … Read more
More than a year after the Regent Plaza Hotel was sold to the Sindh Urology and Transplant Institute, its parent company, the Pakistan Hotel Development Corporation, has withdrawn from the Pakistan Stock Exchange. Other than a few properties that were essentially unused, PHDL’s main asset was the Regent Plaza Hotel, which was a long way … Read more
The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Tuesday, with the KSE-100 index falling by 3,505.62 points, or 3.57%, to close at 94,574.16. The market opened on a bearish note, falling more than 600 points early in the day, as political tensions engulfed the federal capital. Intraday trading witnessed a brief spike at … Read more
Bulls are making a strong return to the trading floor of the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 index crossing the historic mark of 97,000 during intraday trade on Thursday. The PSX ended higher on Tuesday, with the benchmark index rising 1,781.94 points to close at 97,328.39, recording a 1.86% increase. The market … Read more
The Pakistan Stock Exchange (PSX) closed lower on Wednesday, with the key KSE-100 index falling 310.21 points, or 0.32%, to settle at 95,546.45. The market witnessed a day of volatility, with the index reaching a high of 96,711.33 and a low of 95,311.97 during the trading session. The total volume of shares traded reached 565,381,751 … Read more
A stock broker monitors stock prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on May 16, 2022. — AFP Circulation remains strong, with 587 million notes in circulation. Systems, Lucky, Cherat, Hubco, Engro, are among the top performers. Analysts say Qatar and Saudi Arabia’s investment pledges have boosted sentiment. Stocks … Read more
The Pakistan Stock Exchange (PSX) continued its upward momentum on Tuesday as the benchmark KSE-100 index rose over 1,000 points during intraday trade. According to the PSX website, the market opened higher and the KSE-100 index reached 90,904.56 points with a gain of more than 700 points. At approximately 12:00 noon, the main index was … Read more
A broker talks on the phone as he looks at an indicator board displaying the latest stock prices at the PSX Stock Exchange in Karachi on February 10, 2023. — AFP The market is abuzz with speculation of interest rate cuts of up to 200 basis points. Improving macroeconomic indicators lead to a higher earnings … Read more