OGDC Begins Oil & Gas Production at Kharo-1 Well in Sindh Karachi, Pakistan — Oil & Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production (E&P) firm, has officially begun oil and gas production from its Kharo-1 well, located in Khairpur, Sindh. The company announced this milestone in a notice to the Pakistan Stock Exchange (PSX) on Wednesday, …
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KSE-100 Starts the Week with a 1.13% Decline Amid Mixed Sector Performance
KSE-100 Index Update: January 6, 2025 The Pakistan Stock Exchange (PSX) began the new trading week on a negative note, with the KSE-100 Index falling 1.13% DoD. Market Performance: 27 shares advanced, while 70 shares declined. Top contributors to index gains included: HMB PA: +3.02% AICL PA: +10.0% MCB PA: +0.96% Major drags on the index: OGDC PA: -3.84% …
Read More »Banking Sector Gains Clarity Amid New Tax Ordinance
Confidence and Clarity for Banks Amid Tax Policy Changes Pakistan’s federal cabinet has introduced significant revisions to the banking sector’s tax structure through a newly approved ordinance. The changes include: Elimination of the ADR-related tax (10–16%) on income from government securities. Increase in the corporate tax rate for banks from 39% to 44% for the tax year ending December 31, …
Read More »KSE-100 Index Hits Historic High of 99,091 Points
PSX Bull Run: KSE-100 Index Reaches Unprecedented High The Pakistan Stock Exchange (PSX) witnessed a historic rally on Friday, with the KSE-100 index surging by 1,762.80 points (1.81%), reaching a record-breaking intra-day high of 99,091.19 points. This impressive performance extended the bullish momentum seen in recent sessions, showcasing growing investor confidence. Key Drivers Behind the Surge The record-breaking rally was …
Read More »Pakistan Stock Market to See 27-37% Growth by 2025
Pakistan’s stock market is gearing up for impressive growth in the next couple of years. Research houses have projected that the Pakistan Stock Exchange (PSX) will offer returns between 27% and 37% by December 2025. The benchmark KSE-100 index could hit a record high, rising to 120,000–127,000 points. This bullish outlook comes on the back of improving macroeconomic conditions under …
Read More »PSX Maintains Bullish Trend as KSE-100 Crosses 94,000 Points
The Pakistan Stock Exchange (PSX) continued its robust rally on Thursday, with the KSE-100 index surpassing the 94,000-point mark during intraday trading. This surge reflects growing investor confidence, driven by economic stability and positive market sentiment towards blue-chip stocks. The day began with a strong 547-point surge, pushing the index to 93,903 points. As the trading session continued, the market …
Read More »PSX Hits New All-Time High as KSE-100 Index Climbs to 93,648 Points
The Pakistan Stock Exchange (PSX) rallied to a new all-time high of 93,648 points, propelled by a surge in blue-chip stocks. Investor optimism surged on news of impending privatisation of state-owned enterprises (SOEs) and foreign interest from the MSCI’s recent index weight adjustment for Pakistan. A stable rupee and declining lending rates, influenced by falling government bond yields, further fueled …
Read More »PSX Hits New Record as KSE-100 Index Surges Over 94k Points
Pakistan Stock Exchange (PSX) Hits New Record as KSE-100 Index Surges Over 94,000 Points The Pakistan Stock Exchange (PSX) witnessed a strong start to the week as the KSE-100 Index hit a new record on Monday. During intra-day trading, the index surged by 526 points or 0.59%, briefly crossing the 94,000-point threshold at 11 am. The market closed at 93,648.32 …
Read More »PSX Hits New Heights as KSE-100 Index Crosses 93,000 Mark
The Pakistan Stock Exchange (PSX) continued its impressive rally, closing the week on a high note as the KSE-100 index surged by 619 points, reaching a record 93,140.26 during intra-day trading. This historic rise comes amid positive economic forecasts, increased foreign investment, and a strong performance across various sectors. Record-Setting Day for the KSE-100 Index Starting the day on a …
Read More »SBP Cuts Policy Rate by 250bps and Updates Economic Outlook for FY25
The State Bank of Pakistan (SBP) announced a 250bps policy rate cut in today’s Monetary Policy Committee meeting, aiming to support economic activity while managing inflation and debt obligations. Here are the key highlights: External Debt Management For FY25, Pakistan faces external debt obligations totaling USD 26.1 billion, with USD 22 billion as principal and USD 4 billion in interest. …
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