Pakistan Stock Exchange

Market Overview: Positive Close Amid Volatility The Pakistan Stock Exchange (PSX) managed to close in the green on Tuesday, overcoming a volatile trading session. The positive close was primarily driven by expectations of a third consecutive interest rate cut by the State Bank of Pakistan (SBP) in its upcoming Monetary Policy Committee meeting scheduled for September 12. Ahsan Mehanti, an …

The Pakistan Stock Exchange (PSX) exhibited positive momentum on Friday, driven by an improved economic outlook and investor interest in the government’s ongoing discussions regarding the privatisation of state-owned enterprises (SOEs). The market also drew support from bullish global equity trends and the government’s commitment to reducing power tariffs. Market Performance and Trends Trading commenced with strong buying activity, and …

Shares at the Pakistan Stock Exchange (PSX) traded positively on Friday, with the KSE-100 benchmark index climbing over 400 points in intraday trading before closing in the green. The index increased by 138.55 points, or 0.18%, to settle at 78,488.21 points, up from the previous close of 78,349.66. Market Drivers and Performance The initial surge in the market was attributed …

KSE-100 Index Dips Below 78,000 Amid Lack of Positive Market Triggers On Wednesday, the Pakistan Stock Exchange’s (PSX) KSE-100 Index continued its recent downward trend, closing marginally lower at 77,992.78, a decline of 91.45 points or 0.12%. Despite early gains, the index could not sustain its momentum, reflecting the broader market’s struggle to find positive triggers. The trading session began …

Market Overview On Friday, the Pakistan Stock Exchange (PSX) witnessed continuous fluctuations, with the KSE-100 index ending the day flat despite some volatility. The market was under pressure due to the nearing end of the corporate earnings season and the futures rollover, which influenced investor sentiment. Trading Session Highlights The trading day started positively, with the KSE-100 index reaching its …

Market Commentary Pakistan Weekly Market Update: The week commenced with slight market pressure due to Pakistan’s absence from the IMF Executive Board’s schedule for August 2024, leading to concerns about the disbursement of the expected tranche. However, optimism returned midweek when the Finance Minister announced progress in negotiations with the IMF, suggesting the possibility of securing approval from the IMF …

Introduction and Overview Engro Corporation Limited, one of Pakistan’s leading conglomerates with diversified interests in various sectors including fertilizers, petrochemicals, energy, and food, has recently disclosed its financial performance for the first half of calendar year 2024 (1HCY24). The results have been a mix of achievements and challenges, signaling complex dynamics within the business environment. For 1HCY24, Engro posted a …

FSWL Directed to Disclose Details Amidst Unusual Share Price Movements In accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, listed companies are required to disclose relevant information to the public when unusual movements in the price or volume of their traded securities are observed. This requirement ensures transparency and provides investors with …

Suspension of Trading in Mughal Iron & Steel Industries Limited Sukuk [MUGHALSC] In a recent update from the Pakistan Stock Exchange (PSX), trading in the Sukuk of Mughal Iron & Steel Industries Limited, identified by the symbol [MUGHALSC], will be suspended due to the company’s book closure dates. Key Dates and Suspension Details Mughal Iron & Steel Industries Limited has …

PSX Notice Summary: In light of the recent announcement regarding the book closure date for JS Global Banking Sector ETF (JSGBETF), the Pakistan Stock Exchange (PSX) is updating the trading and settlement schedules for the Deliverable Future Contracts (DFC) related to this ETF. The revised schedule affects DFCs for August 2024, September 2024, and October 2024. Affected Contracts and New …