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Stocks track global rally amid earning bets

Stocks track global rally amid earning bets
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Afghanistan , Pakistan , Hub-power-company , Analyst-ahsan-mehanti-at-arif-habib-corp , International-monetary-fund , Ghani-global-holdings , Arif-habib , Pakistan-oil-refinery , Pakistan-stock-exchange , Corp-ltd , Byco-petroleum

Stocks reverse rate-hold rally as virus resurges


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 Exchange's (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 note as central kept the policy rate unchanged.
However, in the second half the market witnessed profit-taking as investors were worried over rising Covid cases, Khan said.

Pakistan , Muhammad-arbash , Ahsan-mehanti , Arif-habib-corp , Colgate-palmolive , Brokerage-arif-habib , Wyeth-pakistan , Gatron-industries , Hum-network , Silk-bank-ltd , Pakistan-stock-exchange , Corp-ltd

Stocks fall on IMF, FATF concerns

Stocks fall on IMF, FATF concerns
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Pakistan , International-monetary-fund , Pakistan-petroleum , Brokerage-arif-habib , Financial-action-task , Gas-development-company , Ahsan-mehanti-at-arif-habib-corp , National-electric-power-regulatory-authority , Pakistan-stock-exchange , Byco-petroleum , Worldcall-telecom

Stocks end flat as oil prices weigh

Stocks end flat as oil prices weigh
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Attock , Punjab , Pakistan , Karachi , Sindh , Maaz-mullat , National-refinery , National-transmission , Gas-development-company , Arif-habib , Ahsan-mehanti-at-arif-habib-corp , Pakistan-stock-exchange

Stocks rise in post-budget rally

Stocks rise in post-budget rally
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Pakistan , Pak-suzuki , Pakistan-petroleum , Brokerage-arif-habib , Mari-petroleum , Hum-network , Gas-development-company , Ahsan-mehanti-at-arif-habib-corp , Byco-petroleum , Pakistan-stock-exchange , Worldcall-telecom , Stock-exchange

Stocks end flat with hopes pinned on spending budget


Stocks end flat with hopes pinned on spending budget
June 12, 2021
Stocks remained range-bound in Friday’s session, wherein the benchmark index opened on a positive note and closed in the green territory with investors’ optimism primarily fuelled by hopes of an investor friendly federal budget, dealers said.
Ahsan Mehanti at Arif Habib Corp said stocks closed higher led by selected scrips across the board as investors weighed IMF relaxations in federal budget FY22, GDP growth target of 4.8 percent for FY 22, progress in resolving Rs2.1 trillion circular debt and record remittances of $2.5 billion in May 2021.
“Higher global crude oil prices at over $70, surging foreign exchange reserves to $16.4 billion and rupee stability played a catalytic role in the positive close,” he added.

Attock , Punjab , Pakistan , Gharibwal , Maaz-mulla , Ahsan-mehanti , Pakistan-stock-exchange , Byco-petroleum , National-refinery , Worldcall-telecom , Ahsan-mehanti-at-arif-habib-corp , Sitara-industries

Auto rally drives stocks higher

Stocks moved ahead on Friday after auto sector rallied on expectations of a surge in car sales down the road amid promising economic outlook, dealers said.Pakistan Stock Exchange’s KSE-100...

Alfalah , Punjab , Pakistan , Maaz-mulla , Glaxosmithkline , Brokerage-arif-habib , Mari-petroleum , Ahsan-mehanti-at-arif-habib-corp , Pakistan-stock-exchange , Byco-petroleum , Hascol-petroleum , Arif-habib-ltd

Profit-selling puts mixed PSX in tight spot

Stocks on Wednesday moved both ways to end flat mainly owing to profit-taking in cement, steel, technology, and energy sectors, dealers said.Pakistan Stock Exchange’s KSE-100 Shares Index...

Attock , Punjab , Pakistan , Kot-addu , Maaz-mulla , Pak-suzuki , Ghandhara-nissan , National-refinery , Brokerage-arif-habib , Pakistan-state-oil , Ahsan-mehanti-at-arif-habib-corp , Kot-addu-power-company