Category: General

Market Summary Bears were in the reign as trading was overshadowed by national events due to uncertain US-Pakistan relations and the increasing severity of the memo scandal. Negative sentiment was evident throughout the week as investors exhibited increasingly cautious  behaviour.  The index closed  at  11,028  falling  by  111.38 points. Trading volumes declined by 7.30 million…

Yields surged to their highest ever levels since May 1997 to 6.47 percent on the auction of three billion Euros, which was up from 6.29 percent that the sovereign government paid last month. Yields on 5-year bonds were 6.69 percent after the auction. These bonds mature on September 15, 2016 and carry a coupon rate…

Bouncing back, the KSE 100 index climbed 0.63% by 72 points to close at 11,465 in the last trading session with 43 million shares traded. The market capitalization increased by Rs 18 billion to Rs 2,982 billion. Out of total 298 shares traded, 102 declined, 101 advanced, while 95 closed unchanged. A flurry of activity…

Mixed investor sentiments prevailed throughout the week with the market reflecting pessimism on Friday as the index closed at 11,372 falling by 185 points. Trading volumes declined by 9.70 million on Friday dipping the index by 1.60%. Learn More                

The KSE 100 share index witnessed an overall bearish trend amid speculation regarding the SBP’s monetary policy to be announced next week. The index lost 81.27 points closing at 11,648.14 on Friday. Learn More                                          …

Upon the conclusion of the thirteenth euro zone summit, officials released a public document highlighting the key aspects which have been outlined in seven main points: Learn More            

As the thirteenth EU summit aimed at devising solutions to combat the debt crisis reached halfway, policy makers debated a number of ideas raising hopes across global markets that a resolution would be reached. On Monday, markets across the globe advanced, depicting cautious optimism in investor sentiment. U.S. stock index futures edged higher as futures…

In the ongoing battle against the euro zone debt crisis, policy makers have been continually engaging in frequent meetings to formulate solutions in order to desolve the crisis amidst the threat of an imminent Greek default. The European Central Bank President Jean-Claude Trichet issued a warning depicting the gravity of the situation, “the crisis is…

The State Bank of Pakistan made a momentous shift in monetary policy by slashing 150 bps to bring policy interest rate to 12%. This was the first monetary policy announcement after the government decided not to abide by the “Alien” IMF programme of USD 11 billion on September 30, 2011 Learn More          …

Qatar displayed an indication of trust and support within the faltering Greek economy as Qatar Holdings signed a deal on Saturday to buy a stake in the London-based European Goldfields from the Greek building firm Ellaktor. Qatar Holdings is set to buy a 10 percent stake from the 25 percent stake which Ellaktor currently holds…