Asian stocks climbed on Monday, while oil prices showed volatility, as investors assessed the implications of the United States’ military intervention in Venezuela and prepared for a packed week of economic data. Read More: Pakistan Stock Exchange outperforms 15 countries MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, while S&P 500 e-mini futures edged up […]
MSCI
MSCI reclassifies Pakistan to frontier markets
Pakistan has been reclassified to a frontier market by index provider MSCI Inc., four years after it was upgraded to an emerging market. According to a statement from MSCI, “Although the Pakistani equity market meets the requirements for Market Accessibility under the classification framework for Emerging Markets, it no longer meets the standards for Size […]
Stocks in Pakistan recover as trade figures improve
The benchmark KSE-100 Index on Thursday gained 208 points or 0.6 percent, to close at 36,788 levels. The local bourse made a high and a low of +331 & -80 points, respectively. Market came under duress due to selling pressure by the local institutions. The KSE-100 remained positive through most of the session as trade […]
Energy, financial scrips push PSX Index up
Pakistan equities closed Tuesday positive with benchmark KSE-100 Index gaining 208 points, closing at 37,130 levels, up 0.6 percent. The local bourse made a high and a low of +349 and -329 points, respectively. An equity analyst at IIS Securities said the positive sentiment was mainly driven by improved trade numbers for the month of […]
Pakistan stocks remain under selling pressure, shed 319 points
Pakistan equities closed further negative on Tuesday as the benchmark KSE-100 Index shed another 319 points, closing at 38,036 levels, down by 0.8 percent from the previous day’s close. Consumer Price Index (CPI) inflation for March-2019 settled at 9.41 percent year-on-year (YoY), depicting a surge of 120bps from the preceding month on back of surge […]