Profit-taking and energy sector woes weigh on market sentiment Blogging Sole

Profit-taking and energy sector woes weigh on market sentiment

 Blogging Sole

A stockbroker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, July 31, 2023. — AFP Bearish sentiment persisted in the stock market on Tuesday as profit-taking, driven by mutual fund redemptions, and pressure on energy stocks weighed on trading. Concerns about circular debt in the gas sector … Read more

Bears dominate on PSX amid profit-taking and year-end sell-off Blogging Sole

Bears dominate on PSX amid profit-taking and year-end sell-off

 Blogging Sole

Brokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Wednesday, November 27, 2024. — PPI The KSE-100 index slipped to the intraday low of 109,858.88. The decrease reflects the impact of portfolio adjustments at the end of the year. Rupee weakness and foreign capital outflows contributed to downtrend: analyst. The capital … Read more

PSX falls more than 1,500 points amid profit-taking Blogging Sole

PSX falls more than 1,500 points amid profit-taking

 Blogging Sole

The stock market was turbulent on Tuesday as investors remained cautious after recent volatility and optimism over improving macroeconomic indicators. The market started well thanks to political stability and supportive monetary policies, then oscillated with the appearance of profit-taking. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index initially rose 1,112.08 points, or 0.98 percent, to … Read more

PSX extends losses amid concerns over profit-taking and foreign capital outflows Blogging Sole

PSX extends losses amid concerns over profit-taking and foreign capital outflows

 Blogging Sole

The broker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, December 11, 2024. — PPI The capital market remained under intense selling pressure on Thursday, continuing its decline from the previous day due to aggressive profit-taking and cautious investor sentiment due to concerns over foreign capital outflows . The Pakistan Stock … Read more

Profit-taking sends PSX down from 99,300 to modest close in roller coaster session Blogging Sole

Profit-taking sends PSX down from 99,300 to modest close in roller coaster session

 Blogging Sole

A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI The market opens with a sharp decline of 600 points due to political concerns. Positive macroeconomics, IMF optimism and falling bond yields are driving an uptrend. October C/A surplus of $349 million; reserves at a 2-year … Read more