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Cement, steels keep PSX green on hopes of amnesty extension Business December 25, 2020 The capital market on Thursday, last session before long weekend, closed positive pushed forward by a surge in steel and cement shares on reports that the government was mulling proposal to extend amnesty scheme for the construction sector, dealers said. Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.76 percent or 329.07 points to close at 43,416.77 points level, while volumes decreased to 570.583 million shares, as compared with the turnover of 378.938 million shares in the previou...

Market watch: Bulls maintain hold, lift KSE-100 by 329 points Benchmark index rises 0.76% to settle at 43,416.77 Shares of 402 companies were traded. At the end of the day, 232 stocks closed higher. PHOTO: REUTERS KARACHI: Investors’ sentiment remained bullish at the Pakistan Stock Exchange on Thursday as the benchmark KSE-100 index gained 329 points ahead of a long weekend. During the session, the country achieved the milestone of $200 million worth of inflows into Roshan Digital Accounts and the news mainly fueled the market’s uptrend. On the back of investor optimism, index-heavy auto...

Firms raise Rs35b via share offers Four new companies went public while 14 issued right shares Their families continue to live under deplorable conditions. PHOTO: MARIAM ESSA/EXPRESS Pakistani companies have raised interest-free investment worth Rs35.4 billion through the offer of shareholding to corporates, rich and retail investors at the Pakistan Stock Exchange (PSX) during the outgoing year 2020, according to a brokerage-led research house on Wednesday. The stock market welcomed four new firms whose shares became available for trade among investors. “PSX witnessed four initial public o...

Pakistani Companies Raised Rs. 35.4 Billion Through IPOs and Right Issues in 2020 Pakistani companies raised Rs. 35.4 billion via initial public offerings (IPOs) and Rights from the stock market (PSX) in 2020. This is approximately the same as compared to Rs. 35.7 billion raised in 2019, said a report released by the brokerage house Topline Securities on Wednesday. According to the report, four IPOs and fourteen Right Issues took place at the Pakistan Stock Exchange (PSX) in 2020. The bourse witnessed four IPOs (including are preference share listing) during the year in spite of the COVID-19 ...

Market watch: Stocks bounce back to recoup losses Benchmark KSE-100 index rises 180.76 points to settle at 43,087.70 PHOTO: AFP KARACHI: The benchmark KSE-100 index staged a smart recovery at the stock market on Wednesday after plunging nearly 1,200 points since last Friday and it ended the session in the green, aided by cherry-picking from investors. During the trading session, global crude oil prices steadied with Brent crude futures edging up $0.02 to $50.10 a barrel and US West Texas Intermediate (WTI) crude futures easing $0.01 to $47.01 a barrel. The oil market recovery triggered a buy...