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Results for “PSX” (20)

Hafsa Mustafa Posted in Business

PSX closes at record high on strong liquidity, sectoral gains

The equity market surged to a fresh all-time high, crossing the 154,000 mark for the first time, on Friday, with sentiment fuelled by sustained liquidity flows and selective sectoral rallies. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index settled at 154,277.19 points, up 1,611.47 points, or 1.06%, from the previous close of 152,665.72. The index climbed to an intraday high of 154,511.31, gaining 1,845.59 points, or 1.21%, while touching a low of 153,129.78, up 464.06 points, or 0.3%, from the previous close. Read More…

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Hafsa Mustafa Posted in Business

PSX hits all-time high as KSE-100 index crosses 142,000

The Pakistan Stock Exchange (PSX) reached a new all-time high on Monday as its benchmark KSE-100 Index surged past the 142,000 mark. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index witnessed bullish trend on Monday, gaining 1,017.66 more points, a positive of 0.72 percent, closing at 142,052.65 points against 141,034.99 points last trading day. A total of 666.37 million shares were traded during the day as compared to 609.708 million shares the previous trading day, whereas the price of shares stood at Rs 42.924 billion against Rs 50.552 billion on… Read More…

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Sanniah Hassan Posted in Politics

PSX Crosses Historic 100,000 Points Mark, PM Shehbaz Praises Economic Progress

The Pakistan Stock Exchange (PSX) 100-Index surpassed the 100,000-point mark for the first time, closing at 100,540 points, a rise of 1,271 points. Prime Minister Shehbaz Sharif lauded the milestone as proof of investor confidence in government policies. He emphasized sacrifices made for economic stability and vowed to counter attempts to derail national progress. Read More…

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Hafsa Mustafa Posted in Business

Pakistan Stock Exchange Hits Historic 90,000-Point Milestone on Investor Optimism

The Pakistan Stock Exchange (PSX) made history as the KSE-100 index surged past the 90,000-point mark, hitting 90,087.41 with a rise of 1,109.73 points. This momentum, driven by investor optimism around potential policy rate cuts, corporate growth, and government reforms, saw trading volumes hit 62 million shares. Key players included Fauji Fertiliser, United Bank, and OGDC. Read More…

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Alina Hashmi Posted in Business

Pakistan Stock Exchange's benchmark index crosses 51,000 mark

Pakistan Stock Exchange (PSX) reached another milestone on Monday as the benchmark KSE-100 Index first surpassed the 51,000 mark for the first time in over six years and later touched 51.419.86 during intraday trading. However, the market could not sustain the rally amid selling pressure as market closed with the KSE-100 settling at 51,070.82 after a net gain of 338.96, or 0.6. percent against the previous closing of 50,731.86. The overall trading volume for the KSE-100 Index was over 187 million shares. Read More…

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Alina Hashmi Posted in Business

Stocks gain 452 points on expected IMF deal

Shares at the Pakistan Stock Exchange (PSX) witnessed a bullish trend in early trading session on Monday. The benchmark KSE-100 index gained 452.03 points, or 1.08 percent, to reach 42,246.69 points at 10:38 am. According to market analysts, positive sentiments prevailed at the PSX because of reports of expected IMF deal this week and reported extension in Saudi Arabia's deferred oil facility by a year. Read More…

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Alina Hashmi Posted in Business

PSX plummets ahead of monetary policy meeting

KARACHI: On Friday, the Pakistan Stock Exchange's (PSX) benchmark KSE-100 Shares Index lost 423.60 points or 1.09% to close at 38,407.98 points. During the intraday trade, the index went as high as 38,982.77 points and as low as 38,291.70 points. Moreover, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, January 23, to discuss the policy rate. Read More…

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Alina Hashmi Posted in Business

PSX plunges to hit 2.5-year low

Karachi: Pakistan stocks on Tuesday plunged to a 30-month low as the country's extremely riotous political situation freaked economy-wary investors. The KSE-100 Shares Index, the benchmark of the country's capital market, lost 1,378.54 points, or about 3.47%, to close at 38,342.21 points. The delay in the revival of the International Monetary Fund’s (IMF) loan program and the ongoing political uncertainty in the country caused the bloodbath in the stock market. Read More…

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Alina Hashmi Posted in Business

"Pakistan will not default": Ishaq Dar

Finance Minister Ishaq Dar on Wednesday assured investors at the Pakistan Stock Exchange (PSX) that the country would not default admitting that the economy was in tight position”. In his address, the finance czar said that he always believed Pakistan had a prosperous future and “resilience” in its economy. However, he lamented that it was unfortunate that the country has been brought to a point where it should not be. Read More…

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Alina Hashmi Posted in Uncategorized

PSX index crosses 43,000-mark

Karachi: On Monday, stocks at the Pakistan Stock Exchange (PSX) rebounded following news of Saudi Arabia's plans to renew the $3 billion deposit with Pakistan and the hopes of the International Monetary Fund programme's (IMF) revival. The market staged a rally, adding over 700 points to the benchmark KSE-100 index. It extended the bull run from the previous week and tossed the index above 43,000 points. Read More…

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