Tag Archives: Pakistan Stock Exchange

Decline in Foreign Investment Foreign investors’ stakes in companies listed on the Pakistan Stock Exchange (PSX) have plummeted to a historic low of 3.7% ($491 million) of the total value of publicly traded shares by the end of June 2024. This marks a significant decrease from 28.7% ($2.97 billion) in FY17. The decline has been attributed to economic and political …

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, …

Morgan Stanley Capital International (MSCI) is anticipated to expand its global Frontier Market (FM) index to include four additional Pakistani companies in its upcoming Quarterly Index Review (QIR) next month. This expected inclusion, driven by a rise in share prices, is likely to attract significant foreign investment, given the index’s influence on global investment decisions. The four companies projected for …

The Pakistan Stock Exchange (PSX) experienced notable volatility in the past week, with the KSE-100 index fluctuating between red and green zones before closing with a modest gain of nearly 200 points. This oscillation in the market was primarily driven by mixed investor sentiment influenced by political uncertainty, policy rate adjustments, global rating decisions, and improving economic indicators. A key …

The Board of Directors of Pakistan Hotels Developers Limited (PSX: PHDL) held a meeting on July 8, 2024, where they recommended an Interim Cash Dividend of Rs. 725 per share, equivalent to 7250 percent, for the financial year ending June 30, 2025. Key Highlights: Interim Cash Dividend: The announced dividend is Rs. 725 per share (7250 percent), a significant payout …

In a significant financial milestone, The Hub Power Company (HUBCO) has reported its highest-ever Profit After Tax (PAT) of PKR 17.1 billion in the first quarter (1Q) of its fiscal year. This remarkable increase in profitability can be attributed to several factors, including the expansion of its portfolio and favorable currency exchange rates. Record-Breaking Earnings: HUBCO’s achievement of PKR 17.1 …

The Pakistan Stock Exchange (PSX) witnessed a significant surge in sentiment on Monday, with the benchmark KSE-100 index gaining over 400 points during intra-day trading. As of 2:04 pm, the benchmark KSE-100 index stood at 45,714.56, marking an impressive increase of 401.91 points or 0.89%. The previous week had seen the PSX facing considerable pressure, characterized by a sharp decline …

Introduction: Pakistan’s stock market, the Pakistan Stock Exchange (PSX), achieved a significant milestone by closing at its highest level in six years. Various factors have contributed to the bullish sentiment among investors, including financial support from Saudi Arabia and the UAE, a recent IMF bailout, and positive economic indicators. Financial Support and IMF Bailout: Saudi Arabia and the UAE provided …

Introduction: In a recent development, Pakistan Refinery Limited (PRL) and Air Link Communication Limited (AIRLINK) have expressed their interest in acquiring a controlling stake in Shell Pakistan Limited (SHEL). The news, announced through Next Capital Limited, has generated considerable attention in the Pakistan Stock Exchange (PSX) and the local business community. This article explores the details of the proposed acquisition …