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Market watch: Covid spike dims investor hope at PSX Benchmark KSE-100 index sheds 208.43 points to close at 44,978.05 KARACHI: The Pakistan Stock Exchange (PSX) once again tumbled on Monday as rising coronavirus cases in the country rattled investors, pushing the benchmark index down by over 400 points in intra-day trading. Talk of a likely lockdown to be imposed in light of the proposal given by the National Command and Operation Centre (NCOC) to contain the spread of Covid-19 amid the third wave weighed on investor sentiment. The market’s reversal was also attributed to political uncertai...

KARACHI: Stocks extended the winning streak for the second day by adding another 445.12 points, or 0.99 per cent, to the KSE-100 index which settled at 45,186.48. All the investors’ worries over the big fall early in the week evaporated as participation grew larger represented by huge increase in traded volume by 79pc over the previous day to 688m shares and traded value up by 40pc day-on-day to Rs25bn. Without once dipping in the red, the index continued its climb to hit the intraday high by 508 points. Most analysts said that the rally in the market was triggered by the statement of th...

Market watch: KSE-100 breaches 45,000-point mark Benchmark index gains 445.12 points to close at 45,186.48 KARACHI: The stock market continued its recovery on Friday with the benchmark KSE-100 index recouping another 445 points on last trading day of the week as positive macros once again helped the index surpass the 45,000-point mark. A surge in foreign exchange reserves, which rose above $16 billion on Thursday with the receipt of $2.5 billion via Eurobond issue, played the role of a catalyst in the bullish close at the Pakistan Stock Exchange. Last week, Pakistan entered the international ...

Market watch: KSE-100 extends losses, falls 161 points Benchmark index loses 0.35% to settle at 45,728.75 Overall trading volumes contracted to 718.2 million shares compared with Monday’s tally of 722.1 million. PHOTO: REUTERS KARACHI: Selling pressure continued to dominate trading at the Pakistan Stock Exchange on Tuesday as the KSE-100 index extended losses from the previous session and recorded a decline of 161 points. Investors took a cautious stance ahead of Financial Action Task Force (FATF) decision on whether to remove Pakistan from the grey list and they resorted to profit-taking....

Wildix Americas Finishes 2020 Strong With Continued Growth In Partner Network Addition of New Partners in Q4 Positions the Unified Communications Provider for Continued Growth Wildix, developer of the first web-based unified communications and collaboration solution, today announced the addition of 18 new Partners to its network during the fourth quarter of 2020. Partner growth during the quarter matched the company’s best quarter ever. The quarter capped a strong 2020 in which the company added 18% more Partners than it did in 2019, and expanded into Columbia, Panama, Peru and Argentina th...