Post-budget investors excitement lifts KSE-100 index by 421 points dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
KSE-100 records impressive 770-point gain, edges towards 48,000 level All share index volume stood at 1.4 billion shares
June 1, 2021
Stocks advanced at Pakistan Stock Exchange on Monday, putting the benchmark KSE-100 index headed towards 48,000 level as a bull-run continues with strong volumes.
On Monday the index clocked at 47,896 level after gaining around 770 points by the closing bell, as the Index remained in a positive territory throughout the session, showing an intraday high of 47,979 after it gained about 850 points.
Irfan Saeed, Senior Vice President, BMA Capital Management Limited, said that Market witnessed strong momentum owing to positive economic indicators across the board, but the strong sentiments can primarily be attributed to the State Bank of Pakistan’s decision to keep its policy interest rate unchanged at 7 percent for the fifth consecutive time, for the next two months.
KSE-100 up 511 points to clock at 56, 812 level dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
The capital markets remained positive throughout Wednesday s session as a variety of positive developments increased investors’ risk appetite. AFP/File
The Pakistan Stock Exchange (PSX) on Wednesday recorded an all-time high daily trading volume, with Planning Minister Asad Umar attributing the development to the market reacting to signs of sustained economic recovery.
The capital markets remained positive throughout today s session as a variety of positive developments increased investors’ risk appetite, registered by a record high traded turnover of 1.56 billion shares. New daily traded volume record set on the [PSX]. Today s volume exceeded previous record by 39 per cent, Umar tweeted.
He said it was reflective of the market reacting to signs of sustained recovery and the successful containment of the Covid 3rd wave . though risk still remains .
KSE-100: Stocks extend gains on upbeat economic projections; index up 203 points
May 26, 2021
Bullish momentum continued at Pakistan Stock Exchange (PSX) as stocks extended gains for the third consecutive session on Tuesday, as investors’ sentiments remained upbeat on positive economic indicators.
On Tuesday, the benchmark KSE-100 index clocked at 46,300 index level after gaining about 203 points by the closing bell, as the Index remained positive throughout the session touching an intraday high of 46,371.69 and a low of 46,047.66.
Investors anticipating tax incentives for the industries in the upcoming budget helped the KSE-100 index boost market sentiments, as investors react to the news that the government may be formulating a populist budget proposal to keep the personal income taxes and power tariffs unchanged.