June saw a surplus of$ 504m. Salman Naqvi, head of research at Aba Ali Habib Securities, attributed today’s losses to political uncertainty and the deteriorating law and order situation in the country. Moreover, he said, the Oil and Gas Development Company( OGDC) had last week informed investors that the company hadn’t received any formal communication from authorities on the settlement of the circular debt.“ This doesn’t mean that this[ circular debt settlement] is not in the pipeline… it is, b

He emphasised that banks, energy and construction sectors in particular appeared attractive. Meanwhile, Equity Sales Head Faraz Rizvi highlighted that the prices remained relatively low despite the surge.“ Moving from a market cap of$ 20 billion to now approaching$ 30 billion, the market’s price-to-earnings multiples still lag behind regional counterparts, ” he said. Rizvi went on to say that the declining oil prices were expected to be beneficial for the Pakistan economy.... “ On the technical

The Pakistan Stock Exchange's( PSX) benchmark KSE-100 index opened in the green on Wednesday after

He noted that the PSX remained under pressure due to foreign selling and election uncertainty.He

Join our Whatsapp channel Bulls dominated the trade floor at the Pakistan Stock Exchange( PSX) on

Bears were in firm control of the Pakistan Stock Exchange( PSX) on Monday as the benchmark KSE

The Pakistan Stock Exchange's( PSX) benchmark KSE-100 index opened in the green on Friday

Raza Jafri, head of equities at Intermarket Securities, noted that the benchmark index had bounced up from “ technical support levels ”.... He also said that it appeared that “ the high leverage issue ” was left behind, which helped the recovery. Tahir Abbas, head of research at Arif Habib Limited, said that the market was recovering after “ yesterday’s bloodbath ”.... He noted that the index had corrected around 11pc overall from its bullish run.He also called attention to the fact that the i

He also credited the rally to the recent country report from the International Monetary Fund( IMF), saying it had propelled market sentiment.He highlighted that banking stocks witnessed an upward trend after the IMF suggested a hawkish stance on monetary policy.... Additionally, he said, the Oil and Gas Development Company( OGDC) also experienced a surge “ driven by media reports of a substantial cash injection into the system to address circular debt ”.... He cautioned that uncertainty surrou

A day earlier, the benchmark index had briefly crossed the 65, 000 milestone during intraday trade. Today, major activity was witnessed in energy stocks such as the Oil and Gas Development Company( OGDC), K-Electric Limited, Hascol Petroleum Limited and Pakistan Petroleum Limited( PPL). Speaking to Dawn. com, Mohammed Sohail, chief executive of Topline Securities, said that “ confusion in circular debt resolution ” impacted the share prices of PPL and OGDC, resulting in the index’s downward tren