Pakistan Stock Exchange

Trading activities suspended after fire at Pakistan Stock Exchange

Hassan Khan informed that the fire initially broke out on the fourth floor of the Ali Habib Trading Company building on I I Chundrigar Road

Pak finance ministry sees inflation at 18.5%-19.5% in April, easing in May

Gross domestic product growth for the second quarter of the fiscal year ending in June is estimated at 1% and expected to improve in the second half of the fiscal year, it said in its monthly report

Instability disrupted economic growth; structural reforms needed: Pak FM

Pakistan's caretaker Finance Minister Shamshad Akhtar has said that political instability over the period of time has greatly disrupted the cash-strapped country's economic growth, which has to be backed by structural reforms. Addressing the Sustainable Development Conference (SDC) here on Thursday, the minister said macroeconomic stability has become more difficult in the last decade because of delays in structural reforms, protracted actions and exogenous shocks. The vulnerability of the economy has increased due to global economic shocks such as the increase in international commodity prices and tighter liquidity conditions, with Pakistan effectively priced out of the international credit markets, the Business Recorder newspaper quoted Akhtar as saying. "Vulnerability has increased due to the unsustainable debt position... Large fiscal and trade deficits over two decades have weakened the debt position, with the cost of servicing debt rising to 74 per cent of the FBR revenue in .

Pak's KSE-100 gains over 900 points; crosses 48K-point mark after 2 years

The Pakistan Stock Exchange's benchmark KSE-100 index saw a significant upsurge on Monday as it closed after breaching the 48,000-point mark for the first time in almost two years after it gained more than 900 points during trading hours. The State Bank of Pakistan (SBP) also capped off a stable day for Pakistan's cash-strapped economy by maintaining the status quo and keeping its key policy rate unchanged at 22 per cent. According to a Pakistan Stock Exchange (PSX) spokesperson, the KSE-100 index recorded an increase of 1010.93 points around mid-day from the previous close of 47,076.99 points. The market eventually closed 957.60 points, or 2.03 per cent, up at 48,034.59 points. He said the KSE-100 index had crossed the 48,000 level after 24 months as the last time it breached the mark was in August 2021. Meanwhile, in a press conference on Monday, SBP Governor Jameel Ahmed said the decision to maintain the policy rate was taken after reviewing inflation and external ...

Unable to import parts, Suzuki shuts two-wheeler, car plants in Pakistan

State Bank of Pakistan has imposed several rules regarding import of parts as well as auto loans within the country, slowing down auto financing

Alarm bells in Pakistan as country's forex reserves drop below $3 billion

Pakistans foreign exchange reserves held by the central bank decreased by 5.5 per cent or $170 million to $2.91 billion in the week ending February 3, the State Bank of Pakistan said on Thursday

Inflation in Pakistan rose to 24.5% in Dec 2022 compared to 2021: Data

The CPI in December also witnessed a year-on-year rise from November as it went through an increase of 23.8 per cent in the previous month, Xinhua news agency quoted the Pakistan Bureau of Statistics

Pakistan stock market attractive on valuation, dividend yield: Chris Wood

The MSCI Pakistan Index, according to Wood's note, is trading on 3.7x forecast 2023 consensus earnings and a 2023 forecast dividend yield of 10.2 per cent

Pakistan stock mkt tumbles as investors fret about unclear economic policy

The Pakistan Stock Exchange 100 index dropped by 1,447.67 points, or 3.23 per cent, to 43,393.14, its lowest since March 22

Republican senators introduce legislation imposing sanctions on Pakistan

Following the move, Pakistan stocks fell nearly 3 per cent on Wednesday while the rupee dropped to a record low.

Pakistan's economy shows momentum as coronavirus cases taper off

Evidence of momentum returning can be seen from growing cement-to-fuel sales and demand for home appliances to cars

China-backed projects in Pakistan fuel its biggest steel IPO in 5 years

The Karachi-based company plans to raise between 3.6 billion rupees to 5 billion rupees as early as this month, Chief Executive Officer Hussain Agha said

Pakistan looks to citizens overseas to pump up its forex reserves

The plan involves allowing non-resident Pakistanis to open digital accounts starting next week to allow the diaspora to invest in one of Asia's best-performing stock markets

Pakistan, Asia's best-performing stock market, is just getting started

Key index is up 36% since March after rate cuts

'No doubt' India was behind stock exchange attack in Karachi: Imran Khan

India said on Monday it had nothing to do with the assault

4 terrorists, 2 civilians killed in attack on Pak Stock Exchange in Karachi

Four militants had stormed the PSX building and opened indiscriminate fire

Grenade attack on Pakistan Stock Exchange; two killed, three injured

At least two persons were killed and three others injured in a grenade attack near the Pakistan Stock Exchange on Monday, media reports said. Sindh province Governor Imran Ismail condemned the incident. "Strongly condemn the attack on PSX aimed at tarnishing our relentless war on terror. Have instructed the IG & security agencies to ensure that the perpetrators are caught alive & their handlers are accorded exemplary punishments. We shall protect Sindh at all costs," he said on Twitter. Police have arrived on the spot and surrounded the area.

Investors may jump in as returns recede from world-beating Pakistan stocks

Pakistan's KSE-100 Index has advanced to the highest level in seven months, after falling to the lowest in almost five years in August

Row erupts over China nominee as Pak stock exchange MD

The official said it may take one to two weeks to make the formal announcement of the appointment

Pakistan stocks hit record-high of 50,050

PSE's benchmark 100-share index touched the key level soon after the market opened for trading