Market

Taiwan stock market tipped to open under pressure The Taiwan stock market on Wednesday ended the two-day winning streak in which it had climbed more than 300 points or 1.6 percent. The Taiwan Stock Exchange now sits just beneath the 18,500-point plateau and the losses may accelerate on Thursday. The …

KSE-100 CLOSES THE YEAR 2021 WITH 1.08% WOW GAIN Summary The stock market remained under pressure due to the rollover week. Besides the government decided to table bills paving way for $1 billion IMF tranche. The bill has earlier been passed by the cabinet. The Finance Supplementary Bill 2021 that …

Upcoming monetary policy may define direction During the first week of the New Year, ended on January 07, 2022, the benchmark index of Pakistan Stock Exchange (PSX) closed at 45,346 points. Average daily trading volume rose to 318 million shares, from 218 million shares a week ago. Major gainers were: …

Canada stocks-Toronto market climbs to 4-week high Canada’s main stock index rose for a third day on Thursday, as optimism that the Omicron variant of the coronavirus was less severe than feared bolstered commodity prices and data showed that the domestic economy likely grew in November. The Toronto Stock Exchange’s …

Summary The monetary policy announcement on Tuesday to further increase the key policy rate by 100 basis points to 9.75 percent aimed to address rising inflationary pressure in economy and achieve a sustainable growth. However in rare move on Friday in an open market operations that included injection for a …

Performance may range-bound; mini budget in focus Stock Market remained flat throughout the week ended on December 24, 2021 posting a nominal increase of 0.5%WoW to close in at 44,118 points level. This took the cumulative performance throughout CY21 to 0.8% whereas USD adjusted return currently stands at negative 9%. …

GCC stock markets expected to witness flurry of IPOs The Gulf stock markets are expected to have another busy year of initial public offerings in 2022 with Saudi Arabia’s bourse said to be currently reviewing 50 IPO requests. “We expect Tadawul and ADX to be very busy. The major difference …

Economic infirmity keeps kse-100 index range bound Summary Economic infirmity is defined as a country’s under stress macroeconomic indicators particularly its current account deficit and reliance on loans has emerged as major determinant of economic progress of the country and its prosperity. The stock exchange during the week remained under …

Decline in trade deficit a sigh of relief; monetary policy eyed After taking a heavy beating during earlier week on the back of high trade deficit for November 2021, the market took a breather on the first trading session of the week. In the second session the news of assistance …

Tech shares probable to weigh on Taiwan stock market The Taiwan stock market has finished lower in three straight sessions, sinking almost 180 points or 1 percent along the way. The Taiwan Stock Exchange now sits just above the 17,660-point plateau and it may take further damage on Wednesday. The …

Bulls enter PSX on clarity of IMF deal; stocks gain 740 points Summary The clarity on IMF deal was disclosed by Adviser to PM on Finance Shaukat Tarin while talking to media persons after speaking as chief guest at an award distribution ceremony of Pakistan Centre for the Philanthropy (PCP). …

Index falls despite IMF staff level agreement news Despite the positive news-flow regarding the IMF staff level agreement, the benchmark index of Pakistan Stock Exchange (PSX) trimmed the last week’s gains on account of unexpected hike of 150bps in policy rate by SBP. In addition to this, the Current Account …