PSX recorded highest growth rate in the world past year

PSX recorded highest growth rate in the world past year
KARACHI: Pakistan Stock Exchange (PSX) remained the best performing stock market during the past year with a growth of 47 percent, higher than any other stock market of the world. Pakistan recorded a 47 percent rise during the past year while the second best was Germany with 29 percent. PSX left Germany behind by 18 percent. France remained third with 26% growth while Japan... Read More

Euro rallies after Macron wins French presidency

Euro rallies after Macron wins French presidency
Tokyo Stock Exchange TOKYO: The euro briefly rallied to a six-month high against the dollar Monday after pro-European centrist Emmanuel Macron’s victory in the French presidential election eased concerns about the country’s future in the eurozone. The single currency touched $1.1023, its highest level since November and up from $1.0998 on Friday after the 39-year-old former investment banker beat far-right... Read More

KSE-100 index nosedives by 611 points

KSE-100 index nosedives by 611 points
KARACHI: Pakistan Stock Exchange (PSX) witnessed sluggish trend on Tuesday as the index dropped more than 600 points on selling pressure, Business92 reported. The benchmark KSE-100 index slipped by 611 points to 48,689. Some 88 million shares worth Rs8.06 billion. Similarly, the KMI-30 index also shed by 1339 points to 83,129 points. Share prices of some 86 companies registered advancement, 271... Read More

PSX again crosses 50,000 points level on hefty buying

PSX again crosses 50,000 points level on hefty buying
KARACHI: Pakistan Stock Exchange (PSX) on Monday crossed 50,000 points psychological barrier once again during intra-day trade as the post Panamagate verdict bull-run continue on the bourse. The bench mark KSE-100 index hit 50,124 points during first session. Following the Panama case verdict last week, the benchmark KSE-100 index had reacted positively by momentarily surging more than 1,869 points. However,... Read More

SECP action against defaulting brokers impacts trading on PSX

SECP action against defaulting brokers impacts trading on PSX
Pakistan Stock Exchange Updates KARACHI: The continued upward trajectory of Pakistan Stock Exchange was somewhat dampened by the Security and Exchange Commission of Pakistan’s (SECP) action against the defaulter brokers, as on Friday the benchmark KSE-100 index closed just 10 points up. As the SECP stepped in against those brokers fleecing the investors and defrauding them, it has some impact... Read More

SECP urges PSX to fulfill its responsibility for investor protection

SECP urges PSX to fulfill its responsibility for investor protection
ISLAMABAD: Chairman of Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi has urged the Pakistan Stock Exchange (PSX) to fulfill its responsibility as the front line regulator of stockbrokers.  The SECP called an emergent meeting with the Board of Directors of PSX yesterday evening to know about the steps that PSX had taken to protect investors of M.R. Securities,... Read More

Reserves fall $790 million last week

Reserves fall $790 million last week
KARACHI: Pakistan’s liquid foreign exchange reserves declined sharply last week as the country paid off foreign debt, Business92 reported. The forex reserves fell by $790 million as the country retired Chinese debt. State Bank of Pakistan (SBP) said that the reserves stand at $22.434 billion level after deficiency of $790 million as the payment of State Administration of Exchange of... Read More

PSX, Chinese consortium sign 40 percent share purchase agreement

PSX, Chinese consortium sign 40 percent share purchase agreement
Shanghai Consortium of China News KARACHI: Pakistan Stock Exchange (PSX) and Shanghai Consortium of China today signed a 40 percent share purchase agreement in Karachi today.  Addressing the signing ceremony, Finance Minister Ishaq Dar said it is a historic occasion as the Chinese Consortium will bring their expertise to Pakistan Stock Exchange. He said Pakistan Stock Exchange has acquired the... Read More

PSX crosses historic 49,000 level, closes down by 122 points

PSX crosses historic 49,000 level, closes down by 122 points
PSX News Online KARACHI: Pakistan Stock Exchange (PSX), after witnessing continued upward drive, encountered with technical correction as the investors remained sidelined, brokers said. Despite technical correction, the market managed to cross another historic level of 49,000 points during early trade. “The foreign investors and retail buyers preffered to offload stock after the price balloon swelled too much,” a leading... Read More

PSX sets all time high of 48,827 points

PSX sets all time high of 48,827 points
Pakistan Stock Exchange Update KARACHI: Pakistan Stock Exchange (PSX) continued its upward drive even on Tuesday and touched another peak amid bull-run, Business92 reported. The benchmark KSE-100 jumped by 587 points and closed at an all time high of 48,827 points. “Foreign investors remained active in blue chip scrip. Retail investors were also buying power and banking sectors’ shares,” a leading broker... Read More
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