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The Pakistan Stock Exchange (PSX) staged a late recovery on Friday, closing nearly flat despite early losses driven by budget concerns. Investors remained wary of potential fiscal tightening as the government prepares its upcoming budget under IMF guidance. Volatile Trading Session The KSE-100 Index opened under pressure and dropped over 400 points in early trade. …
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Shares of Dassault Aviation, the French manufacturer of Rafale jets, plunged by 6% on Wednesday following the downing of five Indian aircraft by Pakistan amid rising tensions along the Line of Control (LoC). Pakistan Downs Multiple Indian Aircraft According to Pakistani defense officials, six Indian aerial assets were destroyed: three Rafale jets, one MiG-29, one …
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The Pakistan Stock Exchange (PSX) saw a slight dip on Friday, ending a six-day rally as the KSE-100 Index fell 327.60 points (0.28%), closing at 118,442.17. Despite early gains, profit-taking and investor caution pushed the market into the red. Market Performance The index fluctuated throughout the session, reaching a high of 119,405.91 before dropping to …
Continue reading “PSX Rally Ends as KSE-100 Index Drops 327 Points”
The Pakistan Stock Exchange (PSX) has witnessed an unprecedented rally, sparking speculation about whether the KSE-100 index could reach 150,000 points. While government officials highlight economic improvements, many remain skeptical. However, investors in PSX are enjoying significant returns, with the index soaring from 40,000 to nearly 120,000 points. The question now is: can this momentum …
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The Pakistan Stock Exchange (PSX) continued its rally, fueled by surging oil prices, foreign investment pledges, and hopes for further monetary easing. Investor confidence strengthened as the KSE-100 Index climbed 253.96 points, closing at 113,342.43, with the keyword “economic optimism” driving market sentiment. Key Gains in KSE-100 Index The KSE-100 Index reached an intraday high …
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The dollar dipped, and global markets remained cautious as Donald Trump began his second term as U.S. President. Investors anticipate significant policy announcements in the coming hours, potentially shaping global economic directions. Meanwhile, Bitcoin hit a record high near $109,000, signaling growing optimism in the cryptocurrency market. Stocks Show Mixed Movements Global stocks opened the …
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The stock market closed the week on a high note, signaling optimism for continued growth. Political unpredictability and rising crude oil prices caused fluctuations throughout the week, but appealing valuations and improving economic indicators helped maintain investor interest. Analysts anticipate strong financial results in the upcoming earnings season, further boosting market confidence. Positive Week-End Performance …
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Karachi, January 17, 2025 – The Pakistan Stock Exchange (PSX) and 1LINK (Pvt) Limited have entered into a strategic agreement to enhance the book building process by introducing advanced online payment solutions. The revamped Book Building System (BBS) will allow participants to make seamless payments exceeding Rs 1 million through the 1LINK 1BILL platform. This …
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