KARACHI: The Pakistan Stock Exchange( PSX) continued its positive momentum on Thursday amidst encouraging corporate results. The benchmark index of the PSX closed at 45, 985.41 points, up 193.49 or 0.42 per cent from a day ago. According to Topline Securities, major positivity came from Lucky Cement Ltd, Colgate-Palmolive Pakistan Ltd, Fauji Cement Company Ltd, Pakistan State Oil Company Ltd and United Bank, which cumulatively added 153 points to the KSE-100 index.On the corporate announcement f

KARACHI: Trading in the shares market remained gloomy on Monday because of increasing geopolitical tension between Russia and Ukraine, said a note by Topline Securities. The KSE-100 index stayed in the red zone throughout the day.... Shares in the cement sector also bore the brunt of higher international coal prices.... Investors showed concerns about the upcoming inflationary pressure owing to a rally in global oil prices driven by the likelihood of a bloody conflict between Russia and Ukrain

KARACHI: The Pakistan Stock Exchange suffered on Tuesday a bloodbath amidst the weakening of the rupee against the dollar, concerns about rising inflation and the resumption of the foreign selling spree. According to Arif Habib Ltd, trading began on a bleak note as the morning news flow suggested the revival of the International Monetary Fund( IMF) programme hinged upon the stamped clearance by the global institution’s two departments before it could be forwarded to its executive board. The text

KARACHI: Rising inflation and the expectation of monetary tightening kept the stock market in the red zone on Monday. Trading remained lacklustre as cyclical stocks stayed under pressure throughout the day, according to Arif Habib Ltd.... A lack of positive triggers caused an across-the-board selling in the last hour of trading.As a result, the KSE-100 index lost 519.41 points or 1.2 per cent to close at 42, 876.37 points.A Bloomberg report said the benchmark index is hovering close to its lowe