Connect with us

Business

PSX: Bulls shoo-off the bears as Govt. raises $2.5b via global bond market!

Published

on

KARACHI: The news that Govt. had raised $2.5b by means of 10-year Eurobonds and 5-year Sukuks, allowed bulls shoo the bears off the bourse.

On the week’s last trading day KSE-100 Index closed at 40,010 with an augmentation of 337 points.

Banking Sector dominated the trading. Rs.16b worth of 180.8m shares were traded today.

Value of the shares of 171 companies augmented, 150 plummeted and 21 remained unchanged.

Today’s top five traders of shares were: TRG Pak Ltd., 23.3m shares (+2.54pc); Engro CorpXD, 22.7m shares (+0.31pc); Sui Northern Gas, 16.0m shares (-4.83pc); K-Electric Ltd., 11.7m shares (-0.64pc); Azgard Nine, 7.0m shares (+1.85pc).

Continue Reading
Advertisement

Business

Attenuation of political noise lets bulls enter the bourse on week’s last trading day!

Published

on

KARACHI: Court’s verdicts apropos Hudaibiya Paper Mills and Imran Khan lessened the political noise today encouraging bulls shoo the bears off the bourse.

Benchmark KSE-100 Index closed at 38,646 with an augmentation of 1.10% (422 points). Rs. Rs. 9.1b worth of 140m shares changed hands today. Value of the shares of 208 companies augmented, 100 plummeted while 30 remained stagnant.

Banking, Communication and Power Generation Sectors led the trade with trading of 22.5m, 21.0m and 12.2m shares respectively.

Today’s top five traders of stocks were: TRG Pak Ltd., 17.9m shares (+1.16pc); Pak Elektron, 11.3m shares (+3.18pc); Engro CorpXD, 7.2m shares (+3.98pc); K-Electric Ltd., 7.2m shares (+0.82pc); JS Bank Ltd., 4.16m shares (+6.54pc).

Continue Reading

Business

PSX: Bears color the bourse red emboldened by the political noise!

Published

on

KARACHI: Emboldened by the political noise bears kept on growling all over the bourse on week’s 4th trading day.

KSE-100 Index closed at 38,224 plummeting 1.54%  shedding 596 points.  Rs. 4.1b worth of 93m shares changed hands today. Value of the shares of 261 companies plunged, 59 augmented and 19 remained stagnant.

Technology, Communication, Power Generation and Cement Sectors led the trade today with 14m, 10.6m and 9.5m shares respectively.

Today’s top five traders of shares were: TRG Pak Ltd., 10.3m shares (-5.00pc); K-Electric Ltd., 8.3m shares (-4.39pc); Pak Elektron, 6.4m shares traded (-4.99pc);Dewan Cement, 3.7m shares (-6.53pc); Dewan Motors, 3.6m shares (-3.72pc).

Continue Reading

Business

PSX: Bulls, emboldened by the depreciation of rupee, shoo the bears off on week’s third trading day!

Published

on

KARACHI: KSE-100 Index augmented to close at 38,820 gaining 295 points on week’s third trading day (Wednesday 13th of December) due to downgrading of Pak Rupee that had emboldened the foreign investors.

Continue Reading

Trending