PSX sheds 192 points amid IMF talks uncertainty, falling rupee

The Pakistan Stock Exchange (PSX) snapped the two-day winning streak on Monday amid uncertainty regarding resumption of the International Monetary Fund’s (IMF) $6 billion Extended Fund Facility (EFF), with the benchmark KSE-100 Index shedding 192.08 points (-0.43 percent) to close at 44,629.45 points. Other reasons for the bearish trend included massive depreciation of Pakistan rupee […]
PSX may bear brunt of inconclusive talks with IMF

The Pakistan Stock Exchange (PSX) is likely to bear brunt of inconclusive talks between Pakistan and the International Monetary Fund (IMF) for the resumption of the Extended Fund facility (EFF), and massive increase in oil, gas and electricity prices in the week starting today (Monday). Moreover, consistent depreciation of the rupee against the US dollar […]
PSX consolidates gains with 487-point rally

The Pakistan Stock Exchange (PSX) remained bullish for the second day in a row on Friday, with the benchmark KSE-100 Index gaining 487.85 points (+1.1 percent) to close at 44,821.53 points. The market opened on a positive note. But soon went on a selling spree. Which brought the index down by almost 136 points. However, […]