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Panamagate verdict propels index by 2,132 points last week

KARACHI: The trading week that ended on Friday saw the KSE-100 index post staggering gains of 2,132 points or 4.5 per cent, which settled the benchmark at 49,709 points. The upsurge in the index represented the highest-ever gain in a single week, after Dec 9, 2016, and included the addition …

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KSE index surges by 1,140 points on SC ruling

KARACHI: The Supreme Court’s verdict in the Panama Papers case breathed new life into the stock market on Thursday as investors’ worst fears — prime minister’s disqualification — didn’t come true. After slight hesitation, Pakistan Stock Exchange’s benchmark 100-share index got off to a storming start on Thursday, extending the …

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KSE-100 surges 1,800 points after Panamagate case verdict

The benchmark KSE-100 index has reacted positively to the Panama case verdict, with the index surging more than 1,869 points in the moments following the verdict. Volumes surged as 126 million shares worth Rs12.46 billion were traded. However, the benchmark index could not maintain the full momentum and adjusted to …

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Index dips 452 points on Panamagate uncertainty

KARACHI: Investors’ dis­illu­sionment in stocks saw one of the worst days on the PSX where the KSE-100 succumbed to intense selling pressure that sent the index scurrying down to the bottom of the pit, a frightening intraday loss of 834 points. Some value hunting by institutional players at lower levels …

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Equities fall like ninepins; index plunges 511 points

KARACHI: Nothing short of a bloodbath, the PSX trading terminals were red across all the sectors as bears continued to rampage sending the KSE-100 index reeling down by 511 points (1.1 per cent) to settle at a rock bottom of 47,577 points. “Today’s closing pushed the KSE-100 index’s year-to-date return …

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Stocks fall 212 points on profit-taking

KARACHI: The stock market came under selling pressure on Wednesday with KSE-100 index retreating 212.15 points (0.42 per cent) to close at 49,756.77. The market got off to a roaring start with the index up by 298 points, but having touched the intra-day high of 50,267 points, the index succumbed …

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Index up 511 points; KE accounts for 36pc volume

KARACHI: Stocks were on fire for the second straight day on Monday, with the benchmark KSE-100 index recording gains of 511 points, or 1.04 per cent, to close at a new all-time high of 49,876. Although the index was nearing the 50,000 level and foreign selling continued unabated, local investors …

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Stock market rises 154 points in lacklustre week

KARACHI: It was by and large a lacklustre week for stocks. The bullish momentum fizzled out and the Pakistan Stock Exchange (PSX) consolidated at the current levels. Some support to the index came mid-week as the market prepared for the signing ceremony of 40 per cent stake sale-and-purchase agreement with …

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Stocks add 351 points to overnight rally

KARACHI: The stock market staged another robust rally on Friday with the KSE-100 index adding 351.01 points (0.72 per cent) to close at 49,364.83. The market saw intense volatility, if not in the index movement, rise and fall in most individual stocks. The Friday factor did not push back the …

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Index gains 271 points in roller-coaster week

KARACHI: Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained 271 points, or 0.63 per cent, in the outgoing week to close at 43,271 points. But for all that, it was quite a roller-coaster ride for most investors during the week. The index started on a positive note as news of …

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