Stories by Talqeen Zubairi

PSX breaches 78,000 barrier again over renewed optimism on budget, IMF deal

"We maintain our belief that market multiples remain attractively priced; sights set on 100,000 by December 2024," says an analyst.

Published 26 Jun, 2024 08:02pm

More than 11,000 SIMs of non-filers blocked so far: FBR

Development follows IHC clarification that its widely reported stay was not on blocking SIMs but only on action against petitioner Zong.

Published 23 May, 2024 04:33pm

Shares at PSX reverse trend after two days of losses, gain 161 points

Analyst says market made recovery in "technical terms" following buying by financial institutions.

Updated 13 Feb, 2024 04:33pm

KSE-100 index plunges 1,200 points on political uncertainty

Analyst says based on pre-election surveys, market was expecting PML-N led coalition govt which now "looks difficult".

Updated 09 Feb, 2024 05:25pm

PSX begins 2024 with 2nd highest single-day gain, surges 2,200 points

Analyst says energy stocks opened at a high as authorities look serious on addressing circular debt.

Updated 01 Jan, 2024 04:08pm

Bears dominate PSX as KSE-100 index loses nearly 1,000 points

The KSE-100 index fell by 988.47 points to close at 61,705.09, down 1.58 per cent from the previous close

Published 22 Dec, 2023 05:16pm

Shares at PSX lose nearly 400 points

Analysts attribute losses to high leverage costs and pre-election uncertainty.

Updated 20 Dec, 2023 03:54pm

60,000 milestone in sight as PSX sees yet another spike

Stocks rally 700 points as analysts point to attractive valuations and high dividends yield of banking sector.

Updated 27 Nov, 2023 05:07pm

PSX continues bullish run, gains 700 points

Analyst attributes rally to resumption of foreign buying, says bull run in Pakistan equities can turn into a multi-year rally.

Updated 23 Nov, 2023 04:14pm

PSX maintains bullish streak, crosses 58,000 milestone

Analysts credit rally to factors including IMF agreement, trading spurred by rupee recovery, among others.

Updated 22 Nov, 2023 04:34pm

PSX records modest gains, up nearly 300 points

Analyst says there are high expectations in the market regarding the IMF board’s approval for the second loan tranche.

Updated 21 Nov, 2023 04:12pm

PSX, rupee surge after IMF review success

Stocks surge by 700 points, PKR up 0.26pc after government unlocked $700m in the second tranche of the Stand-by Agreement.

Updated 16 Nov, 2023 04:36pm

Rupee slides for 12th straight session

Local currency depreciates by Rs1.1 in interbank market during afternoon trade.

Updated 07 Nov, 2023 05:02pm

PSX briefly crosses 54,000 barrier in intraday trading before closing negative

The KSE-100 lost 124.63, or 0.23pc, to close at 53,735.73.

Updated 07 Nov, 2023 05:19pm

PSX continues bullish run, gains over 700 points

Analysts attributes run to ongoing IMF review, falling interest rates in secondary markets.

Updated 06 Nov, 2023 05:33pm

PSX crosses 52,000 barrier after 400-point rally

The current rally follows the central bank's decision to maintain the interest rate at 22pc.

Updated 01 Nov, 2023 05:05pm

PSX gains another 600 points in intraday trade, breaches 51,000 milestone after 6 years

The index surged by 650 points before afternoon to finally close at 51,070.82 points.

Updated 23 Oct, 2023 05:09pm

Rupee improves after trending downward for 2 days

Rupee recovers its losses against the greenback by Rs1.48.

Updated 19 Oct, 2023 04:50pm

PSX briefly crosses 50,000 points after 6 years

Volume on the KSE-100 index reached high of 50,017.45 during intraday trade.

Updated 17 Oct, 2023 04:54pm

Rupee gains continue as dollar dips below Rs280 in interbank

Analysts attribute gains to implementation of laws pertaining to currency smuggling.

Updated 11 Oct, 2023 05:15pm