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Thursday, January 17, 2019
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KARACHI: The benchmark KSE-100 index started the week off on a bullish note on Monday, extending last week’s momentum, and gaining 363.5 points (0.9 per cent). The index closed at 39,412 after hitting an intraday high of 455.41 points. Investor sentiment was lifted by reports that the third budget will...
The question that sits uneasily on the mind of every stock investor, analyst, broker and his agent is: has the market finally found the bottom? The Pakistan stock market has had more than its fair share of trouble. When the market dished out a mouth-watering 46 per cent return in...
Stocks climbed up on Thursday, as investors put bets on upcoming earnings results in financial sector and positive news that Financial Action Task Force (FATF) officials expressed satisfaction over measures taken by Pakistan to curb money laundering and terror financing, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporation said,...
Stocks declined on Wednesday, as financial institutions and banks opted for profit-taking, counting on the almost 1,500 points gained during the previous two sessions, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporations said, “Bearish activity was witnessed at PSX on institutional profit taking amid economic uncertainty.” Oil and financial stocks...
KARACHI: Stocks maintained the positive momentum on Tuesday with the KSE-100 index notching up gains of 490.10 points (1.27 per cent) and closing at 39,052.50. As the political temperatures simmered down, it helped calm investors’ nerves, who began buying attractively valued scrips. On the economic side, Federal Minister for Planning,...
KARACHI: The stock market was rampaged by the bulls on Monday who tossed the KSE-100 index up by 1,014.91 (2.7 per cent) points. Investors were caught by surprise over the sudden massive gains which powered past the 38,500 points and closed at 38,562.40. The upsurge represented the highest single...
KARACHI:  It was an interesting start to the new year as the stock market kicked off the week on a negative note but enjoyed positive sentiments later. The KSE-100 index finished with a gain of 380 points or 1%, settling at 37,547 points. News that China had assured $2 billion worth...
Stocks on Thursday suffered yet another ground-and-pound, losing thick gains in thin trade, as cagey investors cocooned themselves around the sidelines, amid speculations on International Monetary Fund (IMF) bailout deal and a new mini-budget that is due soon, dealers said. Ahsan Mehanti from Arif Habib Corporation said stocks were weighed...
Stocks on Wednesday lost the much-wanted momentum gathered yesterday on new Chinese loan announcement to shed half-a-percent, as investors came out in force to claim profits, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporation said stocks closed bearish amid pressure in scrips across-the-board and concerns over a slump in...
KARACHI: Stocks staged a massive rally on the first day of the new year where the KSE-100 index recovered 929.10 points (2.51 per cent) and closed at 37,995.77 as investors’ interest rejuvenated by positive developments. After an initial hesitation, the index snapped the four-day losing streak and started to climb...

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Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts...