In a first, PSX crosses 109,000 on stable macroeconomic indicators Blogging Sole

In a first, PSX crosses 109,000 on stable macroeconomic indicators

 Blogging Sole

A man uses a mobile phone to take a photo of the electronic board displaying stock prices during trading at the Pakistan Stock Exchange in Karachi. — AFP/File The KSE-100 index hit an intraday high of 109,478.08 points. The benchmark index crossed the 100,000 mark seven days ago. The rally continues after the refinancing of … Read more

PSX breaks 108,000 barrier as investors bet big on major rate cut Blogging Sole

PSX breaks 108,000 barrier as investors bet big on major rate cut

 Blogging Sole

Stock brokers answer phone calls and monitor stock prices on their computers during a trading session at PSX, December 4, 2024. — APP The stock market continued its climb to cross the 108,000 point mark on Thursday, driven by a buying frenzy, growing anticipation of a substantial cut in interest rates at the Bank’s next … Read more

PSX crosses 104,500 mark as cooling inflation fuels rate cut optimism. Blogging Sole

PSX crosses 104,500 mark as cooling inflation fuels rate cut optimism.

 Blogging Sole

A stockbroker attends a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The rally progresses as investors gorge themselves on valuations. Analysts predict sustained growth with stabilized policies. November inflation figures exceeded official market forecasts. Stocks continued their explosive upward momentum Tuesday, building on Monday’s record gains … Read more

PSX hits new high above 101,350 fueled by better economic outlook Blogging Sole

PSX hits new high above 101,350 fueled by better economic outlook

 Blogging Sole

A stockbroker takes a photo with his mobile phone after the Pakistan Stock Exchange made history by surpassing the 100,000 mark, November 28, 2024. — INP Investor optimism is attributed to rising foreign exchange reserves. The banking sector continues its upward momentum, closing up 1.8%. The government’s unwavering commitment to reforms has also boosted confidence. … Read more