• Download the Constitution of Pakistan
  • Advertise
Monday, May 12, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Stocks gain 240 points on strong corporate results

by News Publishing
August 18, 2022
in Business, Economy, Finance, New, News, Pakistan Politics
Reading Time: 2 mins read
0
Stocks gain 240 points on strong corporate results
Share on FacebookShare on TwitterLinkedinWhatsapp

The Pakistan Stock Exchange had a positive session on Wednesday even though investors opted for profit-taking in the first trading hour.

Arif Habib Ltd said the banking sector remained in the limelight owing to major results announcements. Value buying was observed in the last trading hour, which led the index to close in the green zone.

According to JS Global, the upcoming monetary policy and the board meeting of the International Monetary Fund will remain key driving forces for the market going forward.

it said “We recommend investors should adopt a buy-on-dips strategy in technology, exploration and production and cement sectors,”

The top performer in terms of absolute increase in the share price was Systems Ltd. The company also announced in a stock notice that it has signed a definitive agreement to acquire 100 percent of TreeHouse Consultancy, a high-end IT solutions provider, along with its subsidiaries and associated companies.

As a result, the KSE-100 index settled at 43,676.56 points, up 240.08 points or 0.55pc from a day ago.

The trading volume increased 17.4pc to 608 million shares while the traded value went down 31.4pc to $51.8m on a day-on-day basis.

Foreign investors were net buyers as they purchased shares worth $0.43m.

Tags: latestPakistanStock Exchange
News Publishing

News Publishing

Related Posts

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

by News Publishing
May 12, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, with the benchmark KSE-100 index surging over 9% following...

Pakistan launches "Operation Bunyan-un-Marsoos" in response to Indian aggression

Pakistan launches “Operation Bunyan-un-Marsoos” in response to Indian aggression

by News Publishing
May 10, 2025
0

Pakistan has launched a decisive and large-scale military response to blatant Indian aggression under Operation Bunyan un Marsoos ("Iron Wall"),...

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

IMF and PAK

IMF to Approve $2.3B for Pakistan Amid Mixed Fiscal Outlook

by Anum Arif
May 8, 2025
0

Washington, 08 May 2025 — The International Monetary Fund (IMF) Executive Board is set to convene tomorrow in Washington, where...

PSX crash

PSX Crashes Over 6,500 Points Amid India-Pakistan Tensions

by Anum Arif
May 8, 2025
0

Karachi, 08 May 2025 — The Pakistan Stock Exchange (PSX) experienced one of its darkest days on Wednesday, suffering the...

Reduction in Power

CPPA-G Forecasts Power Price Drop for FY 2025-26

by Anum Arif
May 8, 2025
0

Islamabad, 08 May 2025 — The Central Power Purchasing Agency-Guaranteed (CPPA-G) has projected a reduction in the Power Purchase Price...

Next Post
Honda Atlas also reduces car prices after rupee’s recovery

Honda Atlas also reduces car prices after rupee’s recovery

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters