Latest news with #FatimaBucha
Hans India
13-05-2025
- Business
- Hans India
Bulls party on Dalal St
Mumbai: Benchmark stock indices Sensex and Nifty recorded their biggest single-day gains in absolute terms on Monday, skyrocketing nearly four per cent, after India and Pakistan reached an understanding to stop military actions and US and China announced a deal to lower tariffs significantly. After opening on a high note, the 30-share BSE Sensex soared by 2,975.43 points or 3.74 per cent to settle at a more than seven-month high of 82,429.90. During the day, it rallied 3,041.5 points or 3.82 per cent to a high of 82,495.97. The 50-issue Nifty of NSE skyrocketed 916.70 points or 3.82 per cent to close at 24,924.70. In intra-day trade, the barometer zoomed 936.8 points or 3.90 per cent to 24,944.80. Sensex and Nifty logged their biggest single-day gains in absolute terms on across the board buying led by IT, metal, realty and tech shares. Investors gain `16.15 lakh cr The total market capitalisation (mcap) of all companies listed on the BSE climbed to Rs432.56 lakh crore ($5.05 trn), up from Rs416.52 lakh crore in the previous session -- a gain of Rs16.15 lakh crore in a single day Breather at last for Pak markets Karachi: The Pakistan Stock Exchange (PSX) on Monday gained a record nine per cent increase in trading, as India and Pakistan reached an understanding to halt all military actions. With the geopolitical situation limping back to normalcy, the KSE-100 index scored high during intraday trading. The index opened with a gain of 9,929.48 points, or 9.26 per cent, to stand at 117,104.11 points from the previous close of 107,174.63. The understanding reached between the two countries has apparently boosted investor's mood and confidence,' said Fatima Bucha of AKD Securities.
Hans India
09-05-2025
- Business
- Hans India
Pakistan stock index nosedives by over 6%
Karachi: The Pakistan Stock Exchange plunged by over 6 per cent on Thursday with trading halted for an hour after rumours of escalation in military action by India near Karachi. Although the rumours were unfounded, the benchmark KSE100 index tumbled 6,948.73 points, or 6.32 per cent, to 1,03,060.30, before the trading was halted. Trading resumed with Fatima Bucha of AKD Securities confirming the situation on the floor had calmed down a bit. 'But the situation could get worse as investors are panicking due to the geopolitical situation,' she said. 'No one is sure what is going to happen and how and if Pakistan will respond to India's aggression.' The downward trajectory of the index was largely driven by negative contributions from key stocks such as cement, energy, bank, and technology, which collectively dragged the index down. Meanwhile the government has taken measures to keep its foreign exchange reserves stabilised. It has imposed a 60-day ban on importing and exporting precious metals, jewellery, and gemstones from Thursday. The temporary ban was imposed by a Commerce Ministry Order suspending SRO760 of 2013, which governs the trade of precious metals.
Hans India
08-05-2025
- Business
- Hans India
Bloodbath on Pak bourse
Karachi: The Pakistan Stock Exchange (PSX) lost 6,500 points on Wednesday amid an escalation of military confrontation between India and Pakistan in the wake of the Pahalgam terror attack. The market saw investors in panic mode in intra-day trade as the benchmark KSE-100 index decreased by 6,560.82 points, or 5.78 per cent, to stand at 107,007.68 from the last close of 113,568.50 when the market opened this morning. Due to the massive dip, the market was immediately suspended briefly. This is the second-largest intraday tumble (points-wise), second to the 8,700 points loss that happened in the US last month after President Donald Trump's trade tariff announcements. Fatima Bucha of AKD Securities said the market showed signs of recovery after 11 am, reaching 112,457.37 points, before declining to 111,171.92 points at 12 pm. 'This was expected in the market for days because of the fears about military strikes by India,' she said. 'The market opened under pressure this morning and some selling has been observed, though volumes remain low as investors assess the evolving situation,' she said.
