Page 16 - Hum Network News Today

July 29, 2021 Stocks slumped on Wednesday as a monetary policy status quo rally was reversed by renewed scares of economic restrictions as the new Covid variants were reported on the rise in the country, traders said. Pakistan Stock Exchanges (PSX) benchmark KSE-100 Share Index lost 368.96 points or 0.77 percent to close at 47,318.03 points printing a day high of 47,874.69 points and a low of 47,244.21 points. Muhammad Arbash, an analyst at Topline Securities, said the day opened on a positive...

Stocks end draggy week on decent note July 17, 2021 Stocks on Friday closed a stagnant week on a decent note, with investors mostly betting on better earnings down the road, traders said. The benchmark KSE-100 Shares Index at Pakistan Stock Exchange (PSX) finally managed a decent gain of 206.07 points or 0.43 percent to close the day at 47,834.33 points, hitting day high and low of 47,892.20 points and 47,628.26 points respectively. Ahsan Mehanti, analyst at Arif Habib Corp, said stocks close...

Senior Fashion Writer The awards had their hit and miss moments but they were hardly the cataclysmic car crash social media would have you think. A star-studded event taking a place a year-and-a-half into a pandemic is bound to be talked about. By electing to stage a live ceremony, the Hum Style Awards (HSAs) broke through the dark clouds that the coronavirus had cast upon the entertainment and fashion industries, and duste...

Stocks close higher tracking budget approval July 1, 2021 Stocks closed higher on Wednesday as approval of federal budget and World Bank loan for power sector reforms had positive impact on investor sentiments, traders said. The Pakistan Stock Exchange (PSX) benchmark KSE 100-shares index went up 0.46 percent or 218.25 points to close at 47,356.02 points, against 47,137.77 points recorded in the last session. Intraday high was 47,460.31 points, while the lowest level of the day was recorded a...

Stocks tumble as institutions hedge bets June 29, 2021 Stocks took a major battering on Monday after institutions launched a position-squaring spree amid lukewarm sentiment owing to MSCI worries and FATF letdown, dealers said. Pakistan Stock Exchanges (PSX) benchmark KSE-100 Shares Index lost 601.01 points or 1.26 percent to close at 47,002.35 points, hitting a day high of 47,659.19 points and a low of 46,900.26 points. Haris S Khan, an analyst at brokerage Topline Securities, said equities o...

Stocks fell on Friday as investors took no chances hours ahead of anti-money laundering and terror financing watchdog’s verdict on Pakistan’s grey list status, dealers said.The Pakistan...

Stocks were barely buoyed on Thursday as profit-booking weighed on trade with no stimuli in sight a day ahead of the grey list decision, dealers said.The Pakistan Stock Exchanges benchmark KSE...

Stocks hiked on Thursday tracking strong world crude oil and equities with the major lift coming from bets on an investor-friendly budget, scheduled today, dealers said.Pakistan Stock...

Benchmark KSE-100 index rises 473.87 points to settle at 48,251.49

KARACHI: Stocks faltered on Tuesday with the KSE-100 index declining by 154.68 points, or 0.32 per cent, at 48,147. The market opened on a bullish note and the index rose to intraday high by 107 points as investors’ interest remained sustained on positive news flow relating mainly to the federal budget. In a meeting with the PSX MD, the finance minister promised to look into the PSX budget proposals and support the market went well with the investors. The drop in coronavirus positivity ratio ...