KSE-100: Upbeat sentiments on revised-up GDP growth projections lifts index by 182 points
May 25, 2021
Bullish momentum continued at Pakistan Stock Exchange (PSX) in the first session of the week following a positive momentum build-up on Friday, as investors continued to cheer the revised-up GDP growth projections and expectations of a people friendly- populist budget.
On Monday, the benchmark KSE-100 index closed above 46,000 index level after gaining about 182 points by the closing bell, as the Index remained positive throughout the session touching an intraday high of 46,314.39.
Market participants closely followed the political developments, and cheered resolution of disputes between the members of the ruling party.
KSE-100: Stocks plunge as political worries weigh heavy 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.
MSCI decision to fuel inflows at PSX
Research firm upgrades Lucky Cement, adds TRG Pakistan in global indexes
As per the latest MSCI decision, Pakistan’s weight in MSCI Global Standard Indexes has improved to 0.023% compared to 0.016% earlier. PHOTO: FILE
KARACHI:
Morgan Stanley Capital International (MSCI) - which provides research-based indexes and analytics to global stock market investors - has conducted a semi-annual review to recompose its global indexes on Wednesday.
Accordingly, it has upgraded one Pakistani company to its emerging markets MSCI Global Standard Indexes from its MSCI Global Small Cap Indexes. Besides, it has added one new company from the country to its small cap indexes and deleted four companies in total from the two indexes, according to results of the May 2021 Semi-Annual Index Review.
KSE-100: Stocks extend gains; index up 380 points
May 6, 2021
Stocks extended gains at Pakistan Stock Exchange (PSX) for the second consecutive day, as positive news-flow over possible resolution of long term IPP issue and government’s decision to renegotiate tariffs and tax issue with the IMF, lifted market sentiments.
On Wednesday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,173.61 level after gaining over 610.02 points. However, the index clocked at 44,943.61 level by the closing bell after posting a 380 points gain.
During the session, investor sentiments were primarily buoyed by the news regarding the resolution of the long-awaited IPPs issue as the Economic Coordination Committee was set to take up a matter pertaining to 40% dues to IPPs.
Stocks end higher on IPPs dues release hints
Business
May 6, 2021
Stocks on Wednesday barreled ahead for second day on reports that renegotiation of IMF program and release of private power producersâ dues were in the offing, dealers said.
Pakistan Stock Exchangeâs (PSX) KSE-100 Shares Index gained 0.85 percent or 380.02 points to close at 44,943.61 points. Participation improved to 259.86 million shares from 221.50 million on Tuesday.
Amreen Soorani at JS Global Capital said the government had reportedly decided to soon pay Rs90 billion to IPPs that fall under 1994 Policy (and before) under the first payment while the reported Rs60 billion payment to IPPs under the 2002 Policy might take time.