KSE-100 index points declined to 42,990.55 lost 816.68 pts. Volumes inclined from 46.62 mn shares to 92.32 mn shares. KSE 100 closed at 43,029.97 with a loss of 777.26 pts. Technical Level of KSE-100 RSI created bearish momentum in index, closed at 37.21 as compared to last close at 43.99. Outlook and RecommendationWe expect the index to close in range bound of 42,000-43,800.
Downfall of PSX - KSE 100 Index Nearing 52-Week Low!Downward trend continued at the Pakistan Stock Exchange (PSX) on last trading session of the week. Indices slippedlower and lower all day long with the benchmark KSE 100 index nearing its 52-week low. Equity markets around theglobe on the other hand showed positive trend.- Uncertainty at political front and parliament moving closer to a vote of confidence motion dentedinvestors’ confidence.- On economic front, according to latest data released ...
KSE-100 index points inclined to a high of 47,174.49 and a low of 46,306.91. Volumes inclined from 102 mn shares to 130 mn shares. KSE index closed below 0.236%(46,533.44) at 46,399.91, with a decline of 715.13 pts. Technical Level of KSE-100 RSI created bearish momentum in the index, a decline of 9 points, closed at 54.19 as compared to the last close at 63.9. Aside, the 100-day moving average declined by 23 points closed at 46,718.32. Outlook and Recommendation We expect the index to show m...
Bears infected the market today and finally index closed in negative. Indices declined from the last close so as the volumes. The equity market around the world showed mixed performance. Govt will raise the tax-to-GDP ratio from nine to 20pc: Tarin - Adviser to Prime Minister on Finance and Revenue, Shaukat Tarin on Monday said that the current tax-to-Gross Domestic Product (GDP) rate in Pakistan was 9 percent which was very low and needed to be doubled to 20pc. Rupee Lost its value, KSE100 ...
KSE-100 index points inclined to a high of 47,442.57 and a low of 47,020.85. Volumes declined from 150.5 mn shares to 102.2 mn shares. KSE index closed above 0.236%(46,533.44) at 47,115.04, with a decline of 180.76 pts.Technical Level of KSE-100RSI created bearish momentum in an index, a decline of 3 points, closed at 63.9 as compared to the last close at 66.88. Aside, the 100-day moving average declined by 12 points closed at 46,741.59.Outlook and RecommendationWe expect the index to show mixed...
Bulls and bears mixed performance has witnessed in the market today. Indices declined from the last close so as the volumes. The Equity market around the world showed mixed performance.- China to Set up USD15 billion Oil Refinery Complex in Pakistan - A group of Chinese stateowned enterprises has volunteered to build a $15 billion oil refinery complex, which might help Pakistan, which has been hit hard by massive withdrawals of foreign investment in recent years.Index PerformanceThe benchmark ...
KSE-100 index points inclined to high of 47,608.46 and low of 47,184.15. Volumes declined from 177.9 mn shares to150 mn shares. KSE index closed above 0.236%(46,533.44) at 47,295.8, with an increase of 76.62 pts.Technical Level of KSE-100RSI created bullish momentum in index, stagnant with points, closed at 66.8 as compared to last close at 66.22.Aside, 100-day moving average declined by 10 points closed at 46,753.04.Outlook and RecommendationWe expect the index to shift downwards towards point ...
The intraday session on Friday showed mixed performance. Indices inched up a bit but volumes declined from the lastclose. The equity market around the world showed mixed performance.- Pakistan accepts costliest-ever LNG cargo amid gas crisis - Pakistan on Saturday accepted an LNG cargo atthe highest-ever price of $30.6 per Million British Thermal Units (MMBtu) from Qatar Petroleum on thegrounds of averting a possible gas crisis in the upcoming peak winter month.- Pakistan has become a 'food-defi...
KSE-100 index points inclined to high of 47,242.82 and low of 46,936.48. Volumes inclined from 165 mn shares to 177.9 mn shares. KSE index closed above 0.236%(46,533.44) at 47,219.18, with an increase of 186.74 pts. Technical Level of KSE-100 RSI created bullish momentum in index, gained 2pt, closed at 66.22 as compared to last close at 64.8. Aside, 100-day moving average declined by 5 points closed at 46,763.04. Outlook and Recommendation We expect the index to shift upwards to 46,900 - 47,5...
Bulls uniformly pulled the market up in the session and finally market closed in positive. Indices volumes inched up from the last close. Equity market around the world showed positive performance. - Higher cost of coal due to the ongoing shortage of the dry fuel in India will impact the cement sector.- WAVES called board meeting to relocate its Factory - Appliances Manufacturing Plant is planned to move to a new purpose‐built larger factory for which land has already been purchased and construc...
KSE-100 index points inclined to high of 47,317.27 and low of 46,968.41. Volumes inclined from 139 mn shares to 165 mn shares. KSE index closed above 0.236%(46,533.44) at 47,032.44, decline of 80.48 pts. Technical Level of KSE-100 RSI created bullish momentum in index, lost 1pt, closed at 64.8 as compared to last close at 65.91. Aside, 100-day moving average declined by 11 points closed at 46,768.62. Outlook and Recommendation We expect the index to shift upwards to 46,900 - 47,500 level to e...
Bears composition witnessed today as market continuously dragged down while bulls tried to push the momentum upwards. Decline in index has witnessed today and market closed with negative points. Equity market around the world showed positive performance. Minister for Energy Hammad Azhar Wednesday said Pakistan was near completing the action plans given by the Financial Action Task Force (FATF) to ensure compliance in line with its standards. “Two toughest action plans were given to Pa...
Bulls and Bears activity kept roaming at PSX, indices closed in positive directions. Massive decline in the index cameby, but bulls kept trying to close the index in positive. Equity markets around the world showed positiveperformance.- #PSXUpdate - $MCB board of directors approve to conduct due diligence for a potential transaction forpurchase of 55% shares of Telenor Microfinance Bank Limited.Index PerformanceThe benchmark KSE 100 index gained 138.14 pts closed at 47,112.92. During the day the...
KSE-100 index points inclined to high of 46,024.76 and low of 45,537.46. Volumes inclined from 69 mn shares to 88mn shares. KSE index closed above 0.382%(45,001) at 45,851.04, increase of 623.24 pts.Technical Level of KSE-100RSI created bullish momentum in index, gained 5pts, closed at 55.9 as compared to last close at 50. Aside, 100-daymoving average declined by 24 points closed at 46,845.92.Outlook and RecommendationWe expect the index to shift upwards to 45,700-46,200 level to expand its posi...
Bulls dominated the Pakistan Stock Exchange in a short session on Wednesday. Trading remained suspended formore than two hours due to a technical issue. Indices accumulated gains all day long while volumes remained low.Equity markets around the globe showed negative trend.- Pakistani Rupee staged a steep recovery appreciating to Rs173.1 against the US dollar during the dayafter Saudi Arabia agreed to provide a $4.2 billion lifeline to Pakistan on an annual basis in the shape ofcash assistance an...
KSE 100 index: 43,829.35 - ⬇️ 647.89 ptsForeign Investors: Net Sellers – ( $ 4.02 mln )Major sector of foreign selling: Fertilizers – ( $ 2.7 mln )Local Investors: Companies + $ 4.86 mln - Major buying In All other sectors - $ 4.37 mlnNet seller: Individuals ($ 3.38 mln) - (Major selling in All other sectors - $ 1.26 mln)
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