PSX surges over 2,400 points in midday trading
Investors cheer easing Middle East tensions, government’s Rs109 to Rs116 billion Sukuk listing KARACHI: The Pakistan Stock Exchange (PSX) maintained bullish momentum on Friday as the benchmark KSE-100 Index surged over 2,400 points in midday trading. The index climbed to around 172,365 points, marking a gain of approximately 2,453 points, or 1.42%, from the previous […]
PSX gains 4,300 points amid hopes of US-Iran talks reviving – Business
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained over 4,300 points during intraday trade on Wednesday, sustaining its bullish momentum for a second consecutive day. The positive trend comes amid hopes that peace talks between the United States and Iran will proceed to a second round, with US President Donald Trump saying they are […]
PSX surges over 4,700 points as Saudi funds lift market sentiment
KARACHI: Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday, with investors reacting positively to the Kingdom of Saudi Arabia’s commitment of an additional $3 billion in deposits for Pakistan, boosting market sentiment early in the session. The benchmark KSE-100 Index, at 12:34pm, stood at 170,347.47 – up 4,712.63 points, or 2.85%. Trading commenced […]
Shares at PSX climb 400 points after staff-level agreement with the IMF – Business
Bullish momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 400 points after Pakistan and the IMF reached a staff-level agreement. The KSE-100 index started on a positive note after the bell, climbing more than 400.04, or 0.61 per cent, to stand at 65,902.63 points from the previous close of […]
Shares at PSX gain over 600 points as inflation indicators improve – Business
Bulls maintained their position at the Pakistan Stock Exchange (PSX) on Tuesday as shares gained over 600 points in intraday trade. The KSE-100 index gained 680.68 points, or 1.05 per cent, to stand at 65,571.18 points at 12:55pm from the previous close of 64,890.50. Faran Rizvi, head of equity sales at JS Global, said that […]
Shares at PSX reverse losses, up more than 1,000 points on hopes of rate cut – Business
After two consecutive sessions of selling pressure, some positivity returned to the Pakistan Stock Exchange (PSX) on Thursday after it gained more than 1,000 points in intraday trade. The KSE-100 index gained by 1,015.82 points, or 1.59 per cent, to close at 65,064.26 from the previous close of 64,048.44. Yousuf M. Farooq, director of research […]
Shares at PSX reverse losses, up more than 1,000 points in intraday trade – Business
After two consecutive sessions of selling pressure, some positivity returned to the Pakistan Stock Exchange (PSX) on Thursday after it gained more than 1000 points in intraday trade. The KSE-100 index gained by 1015.82 points, or 1.59 per cent, to stand at 65,064.26 from the previous close of 64,048.44 at around 1:42pm. Yousuf M. Farooq, […]
Shares at PSX reverse losses, up more than 500 points in intraday trade – Business
After two consecutive sessions of selling pressure, some positivity returned to the Pakistan Stock Exchange (PSX) on Thursday after it gained more than 500 points in intraday trade. The KSE-100 index gained by 584.96 points, or 0.91 per cent, to stand at 64,633.40 from the previous close of 64,048.44 at around 12:30pm. Yousuf M. Farooq, […]
PSX launches Shariah-compliant ETF
KARACHI: The Pakistan Stock Exchange (PSX) has introduced the Shariah-compliant Mahaana Islamic Index Exchange Traded Fund (MIIETF) and made its units available for trade by the general public. In a statement issued by PSX, the ETF aims to track the performance of the Mahaana Islamic Index (MII30), which will be periodically rebalanced and reconstituted to […]
PSX plunges by 953 points ahead of MPC meeting – Business
Bears dominated the Pakistan Stock Exchange (PSX) on Tuesday and dragged its benchmark index down sharply by 953 points by the day’s end. The KSE-100 index dropped by 953.60 points, or 1.45 per cent, to stand at 64,801.70 from the previous close of 65,755.30. It had reached a low of 64,64.66. Finally, the index closed […]