Pakistan Stock Exchange

P&G to shut down biz in Pakistan, Gillette to consider delisting from PSX

The company, whose product spans across categories of home care & cleaning, family care, and beauty & grooming, will wind down its manufacturing and commercial activities of P&G Pakistan

Rahul questions PM's silence as Trump repeats India-Pak ceasefire claim

Congress leader Rahul Gandhi on Wednesday attacked the government over US President Donald Trump repeating his claims about bringing about a ceasefire between India and Pakistan, saying there is something fishy as the American leader has made the statement "25 times". The Leader of Opposition in the Lok Sabha questioned as to who is Trump to get a ceasefire done and said Prime Minister Modi has not given a reply even once. Asked about Trump's claim and if the PM should make a statement as being demanded by the opposition, Gandhi said, "How can the prime minister make a statement. What will he say-- Trump got it done, he can't say that. But that is the truth. Trump got the ceasefire done, the whole world knows. That is the reality." "This is not just about ceasefire there are big problems that we want to discuss. There are problems related to defence, defence industry, Operation Sindoor. The situation is not good and the whole world knows. Those who call themselves patriot have run .

Pakistan market halted as KSE-30 soars 9%, hits circuit as tensions cool

Pakistan's stock benchmark KSE-30 Index surged as much as 9.2%, the most since 2008

Pakistan stock exchange continues to feel effects of India-Pak conflict

The Pakistan Stock Exchange (PSX) on Friday continued to feel the effects of the ongoing conflict in the region with equity investors said to have suffered 820 billion rupees in losses in the last three days. The market opened, like the last three days, to conflicting sentiments but by close, had recovered more than 700 points. The benchmark KSE-100 index climbed 799.65, or 0.77 per cent, to stand at 1,04,326.46 from the previous close of 1,03,526.81 at 11:06 am. The volatility had increased following the military confrontation between India and Pakistan triggered by the April 22 Pahalgam terror attack that had cross border linkages. Yousuf M Farooq, director research at Chase Securities said such short-term volatility and corrections are a normal feature of equity markets. "We are advising our clients that only long-term investors participate in the market, maintaining discipline during periods of uncertainty and gradually building their portfolios over time," he said. Sana Tawf

Pakistan stocks snap 4-day losses; KSE100 rallies 3% amid border tensions

Since the Pahalgam terror attack on April 22, the KSE-30 index has shed 14.3 per cent, while the domestic Nifty index has moved lower by around 0.5 per cent

Pakistan stock market suspended as KSE-30 tumbles 7.2% in sharp selloff

Since the Pahalgam terror attack, the KSE-30 index has shed 14.2 per cent, while the domestic Sensex index has moved higher by around 0.7 per cent

Operation Sindoor: Pakistan stock market bleeds, Karachi index tanks 5.5%

Karachi Stock Exchange, Operation Sindoor: In an overnight strike on various "terrorist infrastructures" harboured on Pakistan's soil, Indian armed forces carried out "Operation Sindoor"

Pahalgam attack: Karachi-100 index crashes 2,565 pts as tensions mount

Pahalgam terror attack news: Pakistan's premier stock index in Karachi was trading 2.2 per cent lower on Thursday. In comparison, the Sensex, Nifty were volatile as geopolitical tensions escalate

Pakistan's central bank cuts key interest rate by 100 basis points to 12%

Pakistan's economy grew 0.92 per cent in the first quarter of fiscal 2024-25 which ends in June, according to data approved by the National Accounts Committee, released by its Statistics Bureau in Dec

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