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Results for "Pakistan Stock Exchange (PSX)"

35 stories found

KSE-100 surges over 9,300 points in early trade, market halt triggered
BusinessDawn2mo ago

KSE-100 surges over 9,300 points in early trade, market halt triggered

Pakistan’s benchmark KSE-100 index advanced 9,303.75 points, or 6.35 per cent, during early trading on Tuesday, triggering a temporary market halt after the sharp rally. Following the surge, trading was suspended in accordance with regulations of the Pakistan Stock Exchange (PSX), according to an official notice issued by the exchange. The notification stated that the halt was triggered after the KSE-30 index recorded a 5pc increase from the previous trading day’s close, activating the exchan...

Pakistan Stock Exchange Surges on Saudi Investment
Financeexpress-tribune1mo ago

Pakistan Stock Exchange Surges on Saudi Investment

The Pakistan Stock Exchange (PSX) surged by over 4,700 points, with the benchmark KSE-100 Index crossing 170,000 within minutes of opening. This significant market uplift is attributed to an influx of Saudi funds, boosting investor sentiment.

Pakistan Stock Exchange Shows Strong Recovery and Continued Gains
Financenaftemporikiexpress-tribunegeo-news1mo ago3 sources

Pakistan Stock Exchange Shows Strong Recovery and Continued Gains

The Pakistan Stock Exchange (PSX) has experienced a strong recovery, with the KSE-100 benchmark index gaining over 1,800 points, driven by buying across key sectors and positive signals from the US. Sentiment further improved, leading to continued rises in the PSX, fueled by hopes for a Middle East deal.

Pakistan Approves Telenor and Ufone Merger
BusinessDawn1mo ago

Pakistan Approves Telenor and Ufone Merger

The Pakistan Telecommunications Authority (PTA) has granted technical approval for the merger of Telenor Pakistan and Ufone, with the Pakistan Stock Exchange (PSX) to be informed of the development.

Bearish pressure drags KSE-100 down over 2,000 points
FinanceDawn3mo ago

Bearish pressure drags KSE-100 down over 2,000 points

Pakistan Stock Exchange (PSX) benchmark index, the KSE-100, was down 2,242.94 points by 11:05am on Monday. The index lost 1.25 per cent from its previous close of 179,603.73 at a trading volume of 64,643,373, and a value of 6,328,293,511. The top active stocks were led by Trust Securities & Brokerage Limited, rising 20.42pc to Rs2.30 at a volume of 16,560,745, followed by K-Electric Limited falling 1.75pc to Rs8.40 at a volume of 13,638,928, and Beco Steel Limited rising 3.94pc to Rs6.33 at a volume of 11,858,071. The top advancing stocks were led by Trust Securities & Brokerage Limited, followed by 786 Investments Limited, rising 10.03 to Rs17.88, and Tariq Corporation Limited(Pref), rising 10.01 to Rs16.93. The top decliners were Ecopack Limited, down 10.01pc to Rs48.57; ZIL Limited, down 10.00pc to Rs454.93; and Chashma Sugar Mills Limited, down 10.00pc to Rs97.51. Bears remained dominant in the market last week, with Topline Securities noting that the ongoing negative momentum was due to the “ongoing result session, where corporate results fell short of investors’ expectations”.

PSX Plunges Over Oil Price Concerns
Businessexpress-tribune2d ago

PSX Plunges Over Oil Price Concerns

The Pakistan Stock Exchange (PSX) experienced a sharp decline of 3,791 points, driven by investor worries over oil prices and a general risk-off sentiment.

Pakistan Stock Exchange Plunges Amid Oil Spike, Rate Hikes
FinanceDawnexpress-tribunegeo-news20d ago3 sources

Pakistan Stock Exchange Plunges Amid Oil Spike, Rate Hikes

The Pakistan Stock Exchange (PSX) experienced a sharp decline, plunging over 4,700 points in early trading. The market downturn was attributed to an oil price spike and recent interest rate hikes, with bears maintaining control.

Global Stock Markets Decline Amid Geopolitical Tensions
Financehindustan-timesexpress-tribune27d ago2 sources

Global Stock Markets Decline Amid Geopolitical Tensions

Stock markets, including the US market and Pakistan Stock Exchange (PSX), experienced declines. Analysts attributed the downturn to a "risk-off" mood and geopolitical uncertainties, particularly concerns surrounding a potential Iran war.