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 …
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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 …
Read More »On Friday, the Pakistan Stock Exchange (PSX) saw a notable rally, with the KSE-100 index rising by approximately 575.92 points, or 0.73%, to reach 78,450.14 during early trading. This upward movement follows a period of significant volatility and a substantial dip earlier in the week. Last Monday, the KSE-100 index experienced a dramatic drop of 1,141 points during intra-day trading, …
Read More »Global companies are adjusting their full-year sales and profit expectations downward due to mounting challenges from higher interest rates and a weakening Chinese economy. These factors are impacting consumer sentiment and dampening the recent earnings growth that had buoyed investor optimism. Several major corporations, including McDonald’s, Nissan, Tesla, Nestlé, and Diageo, have fallen short of investor expectations. Despite approximately 40% …
Read More »McDonald’s (MCD) has reported a decline in global sales for the second quarter of 2024, marking its first sales drop since late 2020. According to the company’s financial results released Monday, global comparable sales fell by 1.0%, reflecting weaker performance across all segments. Key Financial Highlights: Sales Performance: The decline in global comparable sales is the first since the fourth …
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