Latest news with #KSE-100
Express Tribune
5 hours ago
- Business
- Express Tribune
PSX hits record over army chief's support for businesses
The Pakistan Stock Exchange (PSX) soared to a new all-time high on Tuesday, driven by investor confidence following a high-level meeting between business leaders and Army Chief Asim Munir, where assurances of institutional support for economic progress were given. The government's success in securing a majority in Senate elections, optimism surrounding the State Bank of Pakistan's (SBP) expected monetary easing and forecasts of robust corporate earnings further reinforced the market rally. The benchmark KSE-100 index soared to intra-day high of 1,684 points, before settling at 139,419.62, an increase of 1,202.03 points, or 0.87%. Market Snapshot – July 22, 2025 Unlock today's market moves and stay one step ahead! — PSX (@pakstockexgltd) July 22, 2025 According to Ahsan Mehanti of Arif Habib Corp, stocks traded at a new all-time high, after business leaders met with army chief and were assured of the military's support for economic progress. Additionally, the government won a majority in Senate seats, further bolstering bullish sentiment. Speculation about the SBP's anticipated policy easing next week, alongside expectations of strong financial results and annual payouts in the earnings season, fuelled the bullish activity at the PSX, he added. In its market review, Topline Securities commented that bulls roared back to life in Tuesday's trading session, lifting the benchmark index to impressive levels. The index surged to intra-day high of 1,684 points, before closing at 139,420, reflecting a solid gain of 1,202 points. The rally was fuelled by positive investor sentiment and renewed market confidence as the index moved upwards ahead of the anticipated announcement of strong corporate results. This wave of optimism helped paint a bullish picture across the board, setting the tone for a potentially upbeat week ahead, Topline said. Overall trading volumes increased to 629 million shares compared with Monday's tally of 608.2 million. Traded value stood at Rs34.7 billion. Shares of 478 companies were traded. Of these, 268 stocks closed higher, 178 fell and 32 remained unchanged. First Dawood Properties was the volume leader with trading in 44.1 million shares, gaining one rupee to close at Rs7.64 per share.
Business Recorder
12 hours ago
- Business
- Business Recorder
PSX opens on a positive note, gains over 1,600 points
After declining in the previous session, positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,600 points during trading on Tuesday. At 12:45pm, the benchmark KSE-100 was hovering at 139,836.63 level, an increase of 1,619.05 points or 1.17%. Buying was observed in key sectors including commercial banks, cement, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including MARI, OGDC, PPL, POL, PSO, SNGPL, HUBCO, MCB and MEBL traded in the green. On Monday, PSX opened the new week on a volatile note. The downturn was largely attributed to investor profit-taking ahead of July's end and cautious sentiment following a record-breaking run. The benchmark KSE-100 Index declined by 379.78 points, or 0.27%, to close at 138,217.58 points. Internationally, Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings. At the same time, investors took stock of tariff negotiations between the US and its trading partners. Japanese shares briefly jumped at the open before trading modestly higher, while bonds had a muted reaction as the election results were largely priced in and were not as bad as investors had feared. The yen rallied 1% on Monday, recouping some of the losses from past weeks and was last little changed at 147.46 per dollar on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan hit its highest level since October 2021 in early Asian hours but was last little changed. The index is up nearly 16% this year. Overnight, the S&P 500 and the Nasdaq notched record-high closes on Monday, lifted by Alphabet and other megacaps ahead of a burst of earnings reports this week. Investor focus has been on tariff negotiations ahead of the August 1 deadline with the European Union exploring a broader set of possible countermeasures against the United States a This is an intra-day update
Business Recorder
13 hours ago
- Business
- Business Recorder
PSX opens on a positive note, gains nearly 1,300 points
After declining in the previous session, positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,300 points during the opening hours of trading on Tuesday. At 12pm, the benchmark KSE-100 was hovering at 139,497.18 level, an increase of 1,279.60 points or 0.93%. Buying was observed in key sectors including commercial banks, cement, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including MARI, OGDC, PPL, POL, PSO, SNGPL, HUBCO, MCB and MEBL traded in the green. On Monday, PSX opened the new week on a volatile note. The downturn was largely attributed to investor profit-taking ahead of July's end and cautious sentiment following a record-breaking run. The benchmark KSE-100 Index declined by 379.78 points, or 0.27%, to close at 138,217.58 points. Internationally, Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings. At the same time, investors took stock of tariff negotiations between the US and its trading partners. Japanese shares briefly jumped at the open before trading modestly higher, while bonds had a muted reaction as the election results were largely priced in and were not as bad as investors had feared. The yen rallied 1% on Monday, recouping some of the losses from past weeks and was last little changed at 147.46 per dollar on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan hit its highest level since October 2021 in early Asian hours but was last little changed. The index is up nearly 16% this year. Overnight, the S&P 500 and the Nasdaq notched record-high closes on Monday, lifted by Alphabet and other megacaps ahead of a burst of earnings reports this week. Investor focus has been on tariff negotiations ahead of the August 1 deadline with the European Union exploring a broader set of possible countermeasures against the United States a This is an intra-day update
Business Recorder
14 hours ago
- Business
- Business Recorder
PSX opens on a positive note, gains over 1,100 points
After declining in the previous session, positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,100 points during the opening hours of trading on Tuesday. At 11:05am, the benchmark KSE-100 was hovering at 139,377.30 level, an increase of 1,159.72 points or 0.84%. Buying was observed in key sectors including commercial banks, cement, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including MARI, OGDC, PPL, POL, PSO, SNGPL, HUBCO, MCB and MEBL traded in the green. On Monday, PSX opened the new week on a volatile note. The downturn was largely attributed to investor profit-taking ahead of July's end and cautious sentiment following a record-breaking run. The benchmark KSE-100 Index declined by 379.78 points, or 0.27%, to close at 138,217.58 points. Internationally, Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings. At the same time, investors took stock of tariff negotiations between the US and its trading partners. Japanese shares briefly jumped at the open before trading modestly higher, while bonds had a muted reaction as the election results were largely priced in and were not as bad as investors had feared. The yen rallied 1% on Monday, recouping some of the losses from past weeks and was last little changed at 147.46 per dollar on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan hit its highest level since October 2021 in early Asian hours but was last little changed. The index is up nearly 16% this year. Overnight, the S&P 500 and the Nasdaq notched record-high closes on Monday, lifted by Alphabet and other megacaps ahead of a burst of earnings reports this week. Investor focus has been on tariff negotiations ahead of the August 1 deadline with the European Union exploring a broader set of possible countermeasures against the United States a This is an intra-day update
Business Recorder
15 hours ago
- Business
- Business Recorder
PSX opens on a positive note, gains over 500 points
After declining in the previous session, positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Tuesday. At 9:40am, the benchmark KSE-100 was hovering at 138,763.05 level, an increase of 545.47 points or 0.39%. Buying was observed in key sectors including commercial banks, cement, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including MARI, OGDC, PPL, POL, PSO, SNGPL, HUBCO, MCB and MEBL traded in the green. On Monday, PSX opened the new week on a volatile note. The downturn was largely attributed to investor profit-taking ahead of July's end and cautious sentiment following a record-breaking run. The benchmark KSE-100 Index declined by 379.78 points, or 0.27%, to close at 138,217.58 points. Internationally, Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street's closing record high ahead of a slate of corporate earnings. At the same time, investors took stock of tariff negotiations between the US and its trading partners. Japanese shares briefly jumped at the open before trading modestly higher, while bonds had a muted reaction as the election results were largely priced in and were not as bad as investors had feared. The yen rallied 1% on Monday, recouping some of the losses from past weeks and was last little changed at 147.46 per dollar on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan hit its highest level since October 2021 in early Asian hours but was last little changed. The index is up nearly 16% this year. Overnight, the S&P 500 and the Nasdaq notched record-high closes on Monday, lifted by Alphabet and other megacaps ahead of a burst of earnings reports this week. Investor focus has been on tariff negotiations ahead of the August 1 deadline with the European Union exploring a broader set of possible countermeasures against the United States a This is an intra-day update
