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Site update: July 01 2020, at 21:45 PKST
Stock update: July 01 2020.

Recent Financial News in the 'stock-exchanges' category

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Tuesday, June 30 2020

Market watch: Terror at PSX, but investors remain calm
It was a nerve-wracking day at the Pakistan Stock Exchange (PSX) as armed men stormed the building during the early hours of trading. However, quick defensive action by security personnel not only prevented significant loss of life but also saved the country from a financial hit. Terming it an “adventurous day at the PSX”, Topline Securities CEO Mohammed Sohail said that despite the attack and firing, trading and settlement continued smoothly. “Investors did not panic and the market gained by close to 1% with average volumes,” he added. “Interestingly Pakistan was amongst one of the best performing market on this single day in Asia despite this failed attack.”
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

Stock market gains 242 points
ISLAMABAD - The Pakistan Stock Exchange (PSX) Monday turned around and witnessed bullish trend as KSE 100 index closed at 34,181.80 points as compared to 33,939.49 points on the last working day, with positive change of 242.31 points (0.71 per cent). A total 156,920,750 shares were traded compared to the trade 198,187,551 shares during the previous day, whereas the value of shares traded during the day stood at 5.626 billion as compared to Rs6.779 billion during last trading day. As many as 351 companies transacted shares in the Stock Market, out of which 193 recorded gain and 136 sustained losses whereas the share price of 22 companies remained unchanged. The three top traded companies were Pak Refinery with a volume of 18,454,500 shares and price per share of Rs 0.51, Sui Soth Gas with a volume of 11,660,500 with price per share of Rs12.50 and Hascol Petrol with a volume of 11,345,000 and price per share of Rs13.27.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

Friday, June 26 2020

Market watch: KSE-100 sheds 325 points on lower growth forecast
KARACHI: The bear-run continued at the Pakistan Stock Exchange on Thursday and the KSE-100 index extended losses by 325 points as the downgrade of Pakistan’s growth projection by the International Monetary Fund (IMF) weighed on investors’ mind. On Wednesday, the IMF revised down its growth prediction for Pakistan for fiscal year 2020-21 to 1% from the previous estimate of 2%, which dampened interest at the bourse. Trading at the stock market also reflected the sell-off in international equity markets and the decline in global crude oil prices. Exploration and production and oil marketing companies bore the brunt of impact of the international oil price fall and both index-heavy sectors closed entirely in the red.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

PSX loses 325 points to close at 33,709 points
ISLAMABAD - The Pakistan Stock Exchange (PSX) Thursday witnessed bearish trend as KSE 100-index closed at 33,709.63 points as compared to 34,034.65 points on the last working day, with negative change of 325.02 points (0.95%). A total 168,429,461 shares were traded compared to the trade of 195,734,274 shares during the previous day, whereas the value of shares traded during the day stood at Rs5.242 billion as compared to Rs5.785 billion during last trading day. As many as 355 companies transacted shares in the Stock Market, out of which 100 recorded gain and 229 sustained losses whereas the share price of 26 companies remained unchanged.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

Thursday, June 25 2020

Stock market loses 17 points
ISLAMABAD - The Pakistan Stock Exchange (PSX) Wednesday witnessed a slight bearish trend as KSE 100-index closed at 34,034.65 points as compared to 34,052.61 points on the last working day, with negative change of 17.96 points (0.05%). A total 195,734,274 shares were traded compared to the trade of 160,630,870 shares during the previous day, whereas the value of shares traded during the day stood at Rs5.785 billion as compared to Rs5.616 billion during last trading day. As many as 360 companies transacted shares in the Stock Market, out of which 104 recorded gain and 277 sustained losses whereas the share price of 29 companies remained unchanged. The three top traded companies were TRG Pak Ltd with a volume of 16,397,000 shares and price per share of Rs27.83, Unity Foods Ltd with a volume of 12,642,500 with price per share of Rs11.74 and Pak Refinery (R ) with a volume of 11,830,000 and price per share of Rs1.14.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

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