Diabytes
Pakistan Stock exchange News
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Stocks on Dalal Street surged in early trade, with the BSE Sensex climbing 2,298 points to 81,752.88 by 11:51 AM, and the NSE Nifty50 rising 714 points to 24,721.30.
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The sharp fall came amid reports that multiple drones were shot down in major cities like Karachi and Lahore.
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The Pakistan Stock Exchange (PSX) saw a sharp drop of over 1,700 points as tensions between India and Pakistan escalated.
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The PSX website is currently showing a "We'll be back soon" message, but there's no update yet on what caused the outage or when the site will be back online.
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Earlier in January this year, the International Monetary Fund (IMF) cut Pakistan’s economic growth forecast added to concerns about the country’s financial outlook.
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On February 8, Pakistan conducted its 10th general elections with a large number of Pakistan Tehreek-e-Insaf (PTI)-backed Independent candidates clinching victory.
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PM Sharif announced a 10 per cent 'super tax' on large-scale industries.
High net worth individuals will also be subject to a "poverty alleviation tax."
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PSX became the third worst performing market in Asia after the benchmark KSE-100 index dropped 5.1 per cent
It may probably be the second-worst performing market in the current fiscal year.
In terms of market capitalization loss, the petroleum refinery was the worst-affected sector
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At least 10 people, including 4 terrorists were killed after terrorists attacked Pakistan Stock Exchange in Karachi at 10 am on Monday (June 29).
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These investments are being made through various capital securities firms in all the three stock exchange under in the PSX.
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It was the largest decrease in the last 55 trading days.
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Shares of TCS rose as much as 4.4 percent to a record high of Rs 3,553 today.
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Hitting an all-time high on Saturday, Pakistan's main bourse Pakistan Stock Exchange (PSE) crossed 45,000 ahead of the proposed sale of its 40 per cent stake next week.
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The Pakistan Stock Exchange Ltd has received interest from the Shanghai Stock Exchange and other foreign companies about buying a stake of up to 40 percent, its managing director said on Monday.
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Pakistani stock markets on Thursday nosedived following reports that India carried out surgical strikes against terror bases across the LoC.
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Across the border, the benchmark Pakistan Stock Exchange fell 0.37 percent, or 147 points.
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