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 …
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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 …
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The Pakistan Stock Exchange (PSX) rebounded strongly on Thursday, gaining 667 points to reach 78,545 during intra-day trading. This recovery represents a significant 0.85% rise from its previous close of 77,878 points, signaling a positive turn in the market after recent declines. Recent Market Decline and Contributing Factors Earlier in the week, the PSX had experienced a downturn, dropping over …
Read More »On Monday, Tesla (TSLA.O) shares surged nearly 6.3% following Morgan Stanley’s designation of the company as its “top pick” in the U.S. automotive industry. This notable shift came as the brokerage replaced Ford (F.N) with Tesla, citing significant future growth potential in Tesla’s energy business and a strategic advantage in the zero-emission vehicle credit market. Key Insights from Morgan Stanley: …
Read More »On Monday, U.S. stock markets exhibited choppy, range-bound trading as investors anticipated a series of significant upcoming events, including earnings reports from major tech companies, a Federal Reserve policy decision on interest rates, and crucial labor data. Market Performance Highlights Major Indexes: At 11:59 a.m. ET, the Dow Jones Industrial Average (DJI) was down 2.65 points, or 0.01%, at 40,586.69. …
Read More »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 …
Read More »The first half of 2023 brought unprecedented prosperity to the world’s wealthiest individuals, as they experienced an astonishing surge in their collective fortunes. According to recent reports, the top 500 billionaires amassed an impressive $852 billion during this period, averaging a staggering $14 million per day for each member of this exclusive group. Leading the pack with an extraordinary increase …
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