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Category: psx

Bears Strike Again as Market Loses 416 Factors

Revenue taking was seen after yesterday’s features amid low exercise in the course of the intraday. The Pakistan Inventory Alternate (PSX) additionally noticed a bearish exercise on Thursday, with the benchmark KSE-100 index dropping 416.62 factors to shut at 43,679.87 factors. The KSE-100 index opened in inexperienced a noticed slight improve of +55 factors which […]

PSX in Free Fall as US Inventory Plunge Sparks World Promote-Off

The Dow Jones Industrial Common index tumbled 1,175 factors, or four.6% to shut down at 24,345.75. That is the most important market drop in years. The White Home moved to reassure traders saying it was targeted on “long-term financial fundamentals, which stay exceptionally sturdy”. Indicators of enchancment within the financial system had pushed US markets […]

Market Again within the Inexperienced After four Days of Downward Developments

After four consecutive days of a bearish run, the market lastly returned again within the inexperienced with the start of a brand new month. At shut, Pakistan Inventory Alternate’s (PSX) benchmark KSE 100-share Index recorded a acquire of 206.43 factors, or zero.47%, to finish at 44,255.48 factors. The benchmark opened larger to hit a day’s […]

Excessive-Danger Buyers Have Pushed Pakistan Shares to the Greatest Begin in Decade: Bloomberg

A current report posted by Bloomberg said that ‘Excessive-Danger Hunters’ have pushed Pakistan’s Shares to the “High Begin of the Decade”. The report said that overseas traders are snapping up Pakistani equities once more. World funds have purchased $91 million of the nation’s shares in January – set for the most important month-to-month influx in […]

Mega Conglomerate to Purchase Majority Stake in Dewan Cement

Mega Conglomerate (Pvt) Restricted is about to amass a large 87.5 p.c share holding of Dewan Cement via their advisor BMA Capital, together with the administration management of Dewan Cement Restricted. MCPL intends to amass 363.085 million shares or 75 p.c of the issued share capital via agreements with the sponsors of Dewan Cement, whereas […]

SECP Amends Securities Dealer Rules 2016

Securities and Trade Fee of Pakistan (SECP) has launched amendments to the Securities Dealer (Licensing and Operations) Rules 2016 notified vide SRO No 77(I)/2018. The mentioned notification and amended laws can be found on the SECP web site, i.e. The laws have been amended to cut back regulatory burden and to advertise ease of […]

Fauji Fertilizer Earnings Drop by 9%

Fauji Fertilizer Firm Restricted (FFC) has introduced a revenue of Rs. 10.71 billion for the 12 months ending on December 31 2017, down 9.08% in contrast with Rs. 11.78 billion earned throughout the identical interval final 12 months, in line with an organization discover despatched to the Pakistan Inventory Change (PSX). Regardless of a marked […]

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