Game
All-round Ashwin powers India to 280-run Test win over Bangladesh
字号+ Author: Source:PG Game 2025-01-16 10:54:26 I want to comment(0)
KARACHI: Pakistani shares staged a recovery ahead of the much-anticipated approval of the new bailo
KARACHI: Pakistani shares staged a recovery ahead of the much-anticipated approval of the new bailout by the IMF’s Executive Board, propelling the index to a new all-time high above 82,000 on Wednesday. Ahsan Mehanti of Arif Habib Corporation said stocks closed an all-time high on easing political noise and speculation ahead of the IMF board meeting to approve a 37-month . He added that the rally was fuelled by falling government bond yields amid receding inflation, surging global crude oil prices, and rupee recovery. The KSE-100 index sustained a positive momentum throughout the session, closing at the highest-ever 82,247.92 points, marking a gain of 764.28 points or 0.94pc day-on-day. Broad-based buying was observed in blue-chip stocks, like MCB Bank, Oil and Gas Development Company, National Bank of Pakistan, United Bank Ltd, and Bank Al-Habib, cumulatively contributing 373 points to the overall index’s rise. The trading volume was up 14.21pc to 422.16 million shares, and the traded value rose 7.72pc to Rs18.38bn day-on-day. Stocks contributing significantly to the traded volume included Kohinoor Spinning Mills Ltd (51.82m shares), WorldCall Telecom (29.71m shares), Pace Pakistan (25.43m shares), K-Electric (14.09m shares) and The Hub Power Company (13.30m shares). The shares registering the most significant increases in their prices in absolute terms were PIA Holding Company [B] (Rs89.75), Hallmark Company (Rs84.90), Service Industries (Rs46.79), Exide Pakistan (Rs35.64) and Sazgar Engineering Works Ltd (Rs22.33). The companies that suffered major losses in their share prices in absolute terms were Ismail Industries (Rs83.28), Mehmood Textile (Rs60.40), Rafhan Maize (Rs50.00), Haleon Pakistan (Rs16.22) and JS Global Capital (Rs15.94). Foreign investors remained net sellers as they disposed of shares worth $2.58m.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Vega's Paris: A Culinary Gem in the Heart of the City
2025-01-16 10:30
-
Blaze Party: Ignite Your Celebrations with Unforgettable Experiences
2025-01-16 08:22
-
Slot Battle: The Ultimate Clash of Reels
2025-01-16 08:18
-
Sweet Bonanza Escape: A Journey into a Colorful Casino Adventure
2025-01-16 08:16
User Reviews
Recommended Reads
Hot Information
- Yukon Gold: The Ultimate Casino Club Experience
- Fortune Tiger App: Unleashing Your Luck in the Digital Arena
- Top 5 Alternatives to 1xBet in Pakistan
- Jackpot Crush: The Ultimate Casino Slots Experience
- Win Drop: A Game-Changer in Competitive Sports
- Lucky Bingo: Unleashing the Fun of a Timeless Game
- Fortune Tiger: Embracing Prosperity and Good Luck
- The Magic of 333: Understanding Its Significance in Numerology and Daily Life
- SlotCube: An Amazing Slots Fun Experience
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content