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Site update: September 20 2019, at 18:15 PKST
Stock update: September 20 2019.

Recent Financial News in the 'kse' category

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Friday, September 20 2019

Stocks gain 628 points to storm past 32,000 level
KARACHI: After an early morning inertia that saw the KSE-100 index slip by 81 points, the bulls were back with a vengeance to start afresh their northbound journey. Investors began buying across the sectors but mainly in banks, fertiliser, exploration and production, which saw the index storm past 32,000 levels after 53 sessions to post massive gains of 628.56 points (1.99 per cent) and settle at 32,184.03. Intra-day, the index touched a high of 680 points. Almost all the traders and analysts attributed the rejuvenation of investors’ interest to the central bank’s Pakistan Investment Bond auction results on Wednesday in which cutoff yield were down in range of 90-130 basis points, enabling investors to take a view on interest rates going forward.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

Indus Motor shuts down plant
KARACHI: Indus Motor Company (IMC), the maker of Toyota vehicles, has decided to shut down all production for the remaining days of September, bringing the total number of “non-production days” (NPDs) to 15 in the month due to continuing fall in demand. An IMC official, who asked not be named, said the company had already observed eight NPDs in July and 11-12 NPD in August. He said the federal excise duty (FED) of 2.5-7.5 per cent on various engine capacity cars, sky rocketing prices on account of rupee-dollar parity coupled with additional customs duty on imported parts and raw material and high interest rates had priced most of their vehicles out of the market. For September, “half of the current month is off,” the official said.
Related news categories: auto-assembler business company-news economic-indicators ise kse lse misc psx stock-exchanges
Related symbols: indu (news stock)

Stock market gains 628 points
ISLAMABAD - The Pakistan Stock Exchange (PSX) on Thursday noted bullish trend as KSE 100 index jumped by 628.56 points (1.99 percent) to close at 32,184.03points. A total of 136,566,730 shares were traded compared to the trade of 99,363,940shares the previous day, whereas the value of shares traded during the day stood at Rs 5.889 billion compared to Rs3.973 billion last day. Out of 357 companies, share prices of 263 companies recorded increase while 72 companies registered decrease whereas 22 companies remained stable in trading. The three top traded companies were Lotte Chemical with a volume of 15,508,500 and price per share of Rs14.57, Pak Int. Bulk with a volume of 7,995,000 and price per share of Rs7.76 and TRG Pak Ltd with a volume of 7,783,500 and price per share of Rs 14.05.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

Wednesday, September 18 2019

Stocks end in red amid mixed trading
KARACHI: The stock market on Tuesday endured a rather mixed session as it oscillated between red and green zones on the back of prevailing uncertainty. The KSE-100 index started falling from the moment trading began but some recovery came later as surging global crude oil prices lent support to the index. In line with market expectations, the central bank kept the key policy rate unchanged – an announcement which the market had largely factored in and therefore did not react much. Trading activity was mostly seen in oil stocks as higher international crude prices generated investor interest in exploration and production and refinery sectors, though oil marketing companies recorded profit-taking. At close, the benchmark KSE 100-share Index recorded a decrease of 19.63 points, or 0.06%, to settle at 31,908.92 points.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

Stocks close flat amid lack of triggers
KARACHI: Stocks could not maintain the gaining momentum and settled flat on Tuesday with the KSE-100 index showing minor decline of 19.63 points (0.06 per cent) and close at 31,908.92. Trading remained volatile throughout the session as investors searched for direction. The index moved in the intra-day range of high and low by 178 and 159 points. On the news front, in line with consensus expectation, the central bank kept its benchmark interest rate unchanged at 13.25pc in the monetary policy announcement in the evening a day earlier. Banking stocks supported the index from heavier fall and compensated for profit taking in the cement stocks where some major shares including Lucky (LUCK), Maple Leaf (MLCF) and Pioneer finished in the red.
Related news categories: business economic-indicators ise kse lse misc psx stock-exchanges

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