MG Desk

KSE-100 Index is headed for best year in 21 years

Pakistan's benchmark stock index has surged by most in over two decades in 2024 on signs of improvement in the nation’s economy...

Go to article

Weekly Market Roundup

Pakistan stocks extended their record-breaking run to close in on the historic 100,000 mark, buoyed by improving economic conditions and falling bond yields....

Go to article

Pakistan trade deficit narrows for first time in eight months

Pakistan's trade deficit narrowed for the time in eight months, as the growth in exports was higher than imports...

Go to article

Initial Preview: Inflation to fall below 5% in Nov

Pakistan’s inflation is expected to ease to the lowest level in six years in November after an uptick last month as food and transport costs fell...

Go to article

Weekly Market Roundup

Pakistan stocks extended their record-breaking run driven by improving economic conditions. The stock benchmark notched its fourth consecutive weekly gain...

Go to article

Technology stocks lag behind market rally for third year

Pakistan’s technology stocks are lagging behind the broader market for the third year in a row...

Go to article

Petrol price expected to rise again in Pakistan

Petrol prices are expected to rise again by about Rs2.5 per litre following an increase in international rates...

Go to article

Is Pakistan stock rally overheating?

Pakistan stocks may be in the final leg of the rally as technical indicators show the market is approaching most overheated levels in over a decade...

Go to article

Pakistan Tax-to-GDP ratio remains dangerously low

Pakistan’s Tax-to-Gross Domestic Product (GDP) ratio remained low in fiscal year 2023-24 compared to its development needs...

Go to article

Weekly Market Roundup

Pakistan stocks extended their record-breaking run as signs of improving economic conditions continue to boost sentiment...

Go to article

Weekly Market Roundup

Pakistan stocks closed in green after a whipsaw week...

Go to article

Housing, energy inflation continues to remain sticky

The latest Consumer Price Index (CPI) report revealed housing and energy index continue to remain the only category where inflation is stubbornly sticky...

Go to article

CPI Preview 2: Inflation to quicken for first time in four months

Pakistan’s inflation is expected to quicken for the first time in four months as electricity costs surge...

Go to article

Foreigner investors sell $125m Pakistan stocks

Pakistan stocks continued to face selling pressure from foreign investors who dumped stocks for the eighth week in a row, the longest streak since mid-2022...

Go to article

Weekly Market Roundup

Pakistan stocks soared to new heights this week amid improving macroeconomic indicators and expectations of further reduction in the policy rate...

Go to article

Six giant companies are driving the KSE-100 rally

The six megacap Pakistan stocks have accounted for half of the total KSE-100 Index return this year...

Go to article

Remittance growth cushions Pakistan expanding trade gap

Pakistan's trade deficit widened for the third straight quarter, fueled by a surge in imports—indicating a recovery in economic activity...

Go to article

CPI Preview 1: Inflation to ease further in Oct

Pakistan's inflation is expected to ease further to 6.5% over the prior year in October, a deceleration compared to September's 6.9% annual gain in prices...

Go to article

Weekly Market Roundup

Pakistan stocks ended the week slightly in red after hitting a fresh record mid-week...

Go to article

SBP has room to cut policy rate by 400bps

The State Bank of Pakistan (SBP) is expected to cut its policy rate by a further 400 basis points (bps) this year...

Go to article

Foreigners dump $99m stocks in six weeks

Pakistan stocks continued to face selling pressure from foreign investors who dumped stocks for the sixth week in a row, the longest streak since mid 2022...

Go to article

Weekly Market Roundup

Pakistan stocks extended their blistering rally this week, largely led by gains in banking and E&P stocks...

Go to article

Pakistan stock market enters strongest season

Pakistan stock market may extend its rally further as it enters its best period of the year, historical seasonal trends suggest...

Go to article

Weekly Market Roundup

Pakistan stocks surged this week as falling bond yields amid a larger-than-expected drop in inflation and an improvement in economic conditions...

Go to article

Foreigners dump another $26m stocks

Foreign investors remained net sellers for the fifth week in a row, dumping $26.06m worth of equities, their biggest selling on a net basis in almost three year

Go to article

Crypto: New lifeline for remittance-dependent nations

Workers’ remittances are one of the major sources of foreign exchange earnings for many developing countries and are a lifeline for their development...

Go to article

Housing, energy the only category with stubborn inflation

The latest Consumer Price Index (CPI) report revealed housing and energy index is the only category where inflation continues to be stubbornly sticky...

Go to article

Investors rush into Pakistan IPOs for quick gains

A rally in Pakistan stocks has fueled demand for companies pursuing initial public offerings (IPOs). The IPO market is seeing a surge of big listings in 2024...

Go to article

Foreign selling continues

Foreign investors remained net sellers for the fourth week in a row, dumping $12.44m worth of Pakistani equities...

Go to article

Weekly Market Roundup

The rally in Pakistan stocks that drove them to their all-time highs hit a wall this week as market experienced the widely known 'buy the rumor, sell the news'

Go to article

Foreign investors dump most stocks in three years last week

Foreign investors dumped a significant $23.2 million of Pakistani equities last week, their biggest selling on a net basis in almost three years...

Go to article

Weekly Market Roundup

Pakistani equities soared to a fresh record this week as declining bond yields and improving macroeconomic indicators boosted sentiments...

Go to article

CPI Preview: Inflation to fall to 7.5% in Sep

Pakistan's inflation is expected to fall further to 7.5% over the prior year in September, a deceleration compared to August's 9.6%...

Go to article

Pakistan stocks extend rally, KSE-100 jumps 750pts

Pakistani stocks extended their rally on Friday as a fall in bond yields and improving macro-economic indicators boosted sentiment...

Go to article

KSE-100 Index hits all-time high

Pakistan's benchmark stock index breached 81,940 to a fresh record high after key economic reports showed the country's economy is moving towards stability...

Go to article

Traders see 50bps Fed cut likelier than 25bps

Traders see a 50 basis point rate cut from the Federal Reserve's Wednesday meeting a more likey outcome than the previously expected 25bps reduction...

Go to article

Mari Petroleum shares jump 10% after massive bonus issue

Mari Petroleum (PSX: MARI) saw its shares surge 10% following a substantial 1,340% dividend and 800% bonus shares issuance...

Go to article

Gold likely to rally further as Fed pivots

Gold’s already explosive rally may get another leg up as the US Federal Reserve shifts its gears to monetary easing next week...

Go to article

Petrol price likely to drop by Rs12.5 per litre

Petrol prices are expected to drop significantly by about Rs12.5 per litre following a slump in international rates...

Go to article

Foreigners dump most stocks in four months last week

Foreign investors dumped $7.54 million of Pakistani equities last week, their biggest selling on a net basis in almost four months...

Go to article

Weekly Market Roundup

Pakistan's equities closed the week in green on optimism around a larger-than-anticipated interest rate cut and the upcoming meeting between Pakistan and IMF...

Go to article

MPS Preview: SBP to slash policy rate by 150bps

SBP is expected to cut its policy rate by 150bps as a significant slowdown in inflation gives policymakers enough room to continue monetary easing...

Go to article

Pakistan stocks still screamingly cheap despite rally

Pakistan stocks have been on fire ever since the country narrowly avoided a sovereign debt default. Its benchmark index has more than doubled...

Go to article

Weekly Market Roundup

Pakistan stocks ended the rangebound week largely flat at 78,898, an increase of 410 points or 0.5% in both PKR and USD terms...

Go to article

PSX Technicals Aug 26, 2024

The benchmark KSE-100 Index closed at 78,801, with the Relative Strength Index (RSI) at 55.30...

Go to article

Weekly Market Roundup

Pakistan stocks rebounded this week, driven by optimism for a third consecutive rate cut next month and increased clarity on the IMF board approval...

Go to article

Pakistan’s yield curve inversion signals recession warning

Pakistan’s yield curve has been inverted for 20 months, longest in at least 2 decades. The inversion is widely recognized as one of strongest recession...

Go to article

CPI Preview: Inflation to fall in single digits after 3 years

Pakistan's inflation is expected to fall below 10% for the first time in nearly three years as food cost gains ease amid smooth supplies...

Go to article

Weekly Market Roundup

he benchmark KSE-100 Index closed this week at 78,045 showing a decrease of 524 points or 0.7% in both PKR and USD terms...

Go to article

Weekly Market Roundup

Strong corporate results helped Pakistan stocks brush off earlier losses and end the week in the green...

Go to article

PSX Technicals Aug 05, 2024

The benchmark KSE-100 Index closed at 78,226, with the Relative Strength Index (RSI) at 48.16...

Go to article

US recession indicator flashes red

The US unemployment rate rose to the highest level in nearly three years, triggering a recession indicator...

Go to article

Weekly Market Roundup

The benchmark KSE-100 Index closed this week at 78,226 showing an increase of 196 points or 0.3%.,,

Go to article

Weekly Market Roundup

Bears dominated the Pakistan stock market throughout the week, with the benchmark KSE-100 Index slumping 2,088 points or 2.6% to close at 78,030...

Go to article

MPS Preview: SBP to ease policy rate further

The State Bank of Pakistan (SBP) will likely cut its policy rate for the second straight meeting on Monday in a bid to spur growth...

Go to article

PSX Technicals Jul 22, 2024

The benchmark KSE-100 Index closed at 80,118, cooling off the Relative Strength Index (RSI) to 59.73...

Go to article

CPI Preview: Inflation to remain low in July despite monthly jump

Headline inflation is expected to remain on the lower side in July despite a significant jump in monthly prices...

Go to article

Weekly Market Roundup

Pakistan stocks ended a holiday-shortened week largely flat after some volatile sessions...

Go to article

PSX Technicals Jul 15, 2024

The benchmark KSE-100 Index closed at 79,944, with the Relative Strength Index (RSI) at 66.89...

Go to article

Cement prices surge in Pakistan

Cement prices in Pakistan recorded the largest weekly gain in at least seven years, posing a risk to already subdued consumer demand in the near future...

Go to article

PSX Technicals Jul 08, 2024

The benchmark KSE-100 Index closed at 80,213, with the Relative Strength Index (RSI) at 74.04...

Go to article

PSX Technicals Jul 01, 2024

The benchmark KSE-100 Index closed at 78,445, with the Relative Strength Index (RSI) at 67.93...

Go to article

Foreign investors return to Pakistani equities in FY24

Foreign investors have started tiptoeing back into Pakistani equities after almost a decade. Overseas investors purchased stocks worth a total of $140.8m...

Go to article

Best performing stocks of FY24

The Pakistan stock market recorded its best yearly return in over two decades...

Go to article

PSX FY24 Review: A Year for the History Books

The Pakistan stock market recorded its best yearly return in over two decades...

Go to article

CPI Preview: Inflation to climb above 12% YoY in June

Headline inflation is expected to inch slightly higher to around 12.3% YoY in June 2024...

Go to article

PSX Technicals Jun 24, 2024

The benchmark KSE-100 Index closed at 78,810, with the Relative Strength Index (RSI) at 72.98...

Go to article

Weekly Market Roundup

Pakistan stocks extended their record-breaking rally in a holiday-shortened week, driven by strengthened prospects for an International Monetary Fund deal...

Go to article

Tech Beat: PSX rally likely to extend further

The world's best-performing stock market may extend its rally further, technical indicators suggest...

Go to article

Weekly Market Roundup

Pakistan’s benchmark stock index surged by most in two months to a record after the central bank initiated an easing cycle, followed by a tax-heavy budget...

Go to article

Weekly Market Roundup

Bears dominated the Pakistan Stock market this week amid rumors of high tax imposition on capital markets in the upcoming budget...

Go to article

MPS Preview: SBP seen lowering rates for first time in four years

The State Bank of Pakistan (SBP) is expected to cut its policy rate by 100 basis points (bps) on June 10 as price gains ease...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at 75,878 showing a decrease of 105 points or 0.1%...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at another record high of 75,983, a gain of 641 points or 0.9%...

Go to article

CPI Preview: Inflation to fall below 14% YoY in May

Headline inflation is expected to decelerate significantly to around 13.9% YoY in May 2024, pushing real interest rates above 8%...

Go to article

Weekly Market Roundup

Pakistan stock market's benchmark KSE-100 index continued to soar this week, jumping by another 2,257 points or 3.1% to close at a record high of 75,342...

Go to article

PSX continues historic bull run as foreign investors flock to Pakistan

Pakistan stock market’s historic bull run—which started last year with International Monetary Fund (IMF) loan deal—has been further fueled amid strong...

Go to article

PKR flashes signal of spike in volatility

The Pakistani Rupee (PKR) may break out of an unusually low period of volatility, chart patterns and the currency’s historical trends suggest...

Go to article

Power sector's earnings climb in Q1 2024

Pakistan’s power generation & distribution industry experienced notable earnings growth in the first quarter of 2024, however, circular debt remained a major...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at 73,086 showing an increase of 1,183 points or 1.65%...

Go to article

Refinery sector defy economic slowdown with strong profit growth

Pakistan’s refinery industry recorded notable profitability growth in the first quarter of 2024 despite an overall economic slowdown...

Go to article

Textile sector's profit plunges 64% YoY in Q1 2024

Pakistan’s textile industry continued to suffer in the first quarter of 2024 as the sector grappled with challenges in both domestic and export markets....

Go to article

Cement sector profits rise 6.7% YoY in Q1 amid economic challenges

The cement sector showed modest performance in the first quarter of 2024, as it continued to absorb the impact of last year’s economic decisions....

Go to article

US financial market shifts to T+1 settlement cycle this month

The US, world’s largest financial market, will transition to a shorter settlement cycle of T+1 from the existing T+2 settlement cycle starting from May...

Go to article

Weekly Market Roundup

Stocks in Pakistan paused after a strong rally as traders reassessed the policy path going forward after the central bank decided to hold rates at a record....

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed sixth consecutive week in green, gaining 1,833 points or 2.58% to another record high of 72,743....

Go to article

CPI Preview: Inflation to fall to around 17% YoY in April

The headline inflation is expected to decelerate significantly to around 17% YoY in April 2024...

Go to article

MPS Preview: High for Longer

The State Bank of Pakistan (SBP) is expected to keep the policy rate unchanged at a record 22% for the seventh consecutive policy meeting on April 29...

Go to article

Runup to budget FY25 may fuel KSE-100 rally

The record-breaking stock market's benchmark KSE-100 Index may continue its leg higher leading up to the Budget FY25, history shows...

Go to article

Bitcoin Halving: A catalyst for bull market continuation

Bitcoin halving, a technical event embedded in Bitcoin's code that occurs every four years to create scarcity, has bode extremely well for its price...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed fifth consecutive week in green, gaining 595 points or 0.85% to a record high of 70,910...

Go to article

Foreign investors inject $23m into PSX, highest daily inflow since 2017

Foreign investors injected $23.4 million into Pakistan stock market on Thursday, the highest daily inflow since 2017...

Go to article

Tech Beat: Indicators suggest Pharma stocks AGP, HALEON, SEARL could soar

The pharmaceutical sector may extend its rally further amid strong technical indicators coupled with favorable market conditions...

Go to article

Tech Beat: Solana hits oversold level

The fifth largest cryptocurrency, Solana (SOL), fell to a level seen as oversold on Saturday...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at a record high of 68,417 showing an increase of 1,412 points or 2.11% WoW...

Go to article

CPI Preview: Inflation to decelerate below 20% YoY

The headline inflation is expected to decelerate significantly to around 19.84% YoY in March, the lowest level in 22 months...

Go to article

Tech Beat: Cement stocks show potential

The cement sector, while trailing behind the broader market since the June-end rally, shows potential signs of resilience...

Go to article

KSE-100 rallies 4,554pts in 1Q2024, fourth straight win

Pakistan stock market extended its record rally, with its key benchmark KSE-100 Index achieving a record quarterly closing of 67,005...

Go to article

Weekly Market Roundup

Pakistan Stock Exchange surged to new heights this week, with its key benchmark KSE-100 index recording its all-time high weekly closing of 67,005...

Go to article

Global diversity fuels Systems Limited’s growth

The predominant share of Systems Limited's (PSX: SYS) revenue, totaling 95%, is denominated in foreign currency (FCY), with a mere 5% attributed in Pakistani...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at 65,152 showing an increase of 335 points or 0.52%...

Go to article

Weekly Market Roundup

Pakistan stock market remained under pressure throughout the week amid dampening hopes for an interest rate cut at the upcoming Monetary Policy...

Go to article

MPS Preview: SBP to stand firm on 22% despite inflation moderation

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is widely expected to maintain the policy rate at 22% for the sixth consecutive...

Go to article

Textile sector's profit plunges 58% QoQ amid soaring energy costs

Pakistan’s textile industry suffered in the second quarter of the fiscal year 2024 as the sector grappled with the repercussions of soaring energy costs...

Go to article

Tech Beat: Gold price in Pakistan set to surge past record highs

Local prices of 24-karat gold are set to surpass their all-time high of Rs240,000 per tola as international spot gold enters price discovery mode...

Go to article

Cement sector posts modest QoQ growth amid economic challenges

The cement sector showed modest performance in the second quarter of fiscal year 2024, as it mostly absorbed the impact of last year’s economic decisions...

Go to article

Real interest rate likely to turn positive in March after 3 years

The real interest rate (RIR) will likely turn positive this month for the first time in over three years, as the favorable base effect and record high...

Go to article

SBP’s shift to monetary easing may spark Pakistan stocks surge

Pakistan’s already explosive stock rally may get another leg up as the central bank shifts its gears to monetary easing...

Go to article

CPI Preview: Inflation to hit 17-month low of 23.3% YoY

The sharp disinflation trend will continue in February, with the headline inflation expected to slow to 23.3% YoY, the lowest level in 17 months...

Go to article

Weekly Market Roundup

Pakistan’s stocks rose the most in over two months as the country’s major political parties reached a consensus to form a coalition government...

Go to article

Weekly Market Roundup

The Pakistan stock market faced severe pressure throughout the week amid increasing political uncertainty following the general elections...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index concluded the week at 62,944, marking a decrease of 59 points or 0.09%...

Go to article

PSX may extend rally after elections, history shows

The record-breaking stock market's benchmark KSE-100 Index may continue its leg higher after February 08 elections, according to historical data....

Go to article

USD/PKR reaches oversold territory

The Pakistani rupee (PKR) has reversed its course against the US Dollar in the past few months after plunging to record lows and finishing 2023 as one of Asia..

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at 63,003 showing a decrease of 810 points or 1.27%...

Go to article

CPI Preview: January inflation to soften to 27.2% YoY as base effect kicks in

January will mark the beginning of a sharp trend in disinflation, with the headline inflation expected to soften to 27.2% YoY due to the favorable base effect..

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at 63,813 showing an increase of 531 points or 0.84%...

Go to article

MPS Preview: No change in policy rate expected as inflation eases

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is widely expected to maintain its policy stance of keeping the interest rate...

Go to article

Weekly Market Roundup

Despite positive developments on theme external front, Pakistan’s stock market suffered a setback this week amid escalating geopolitical tensions...

Go to article

Tech Beat: PSX's long-term bull market faces short-term uncertainty

The main gauge for Pakistan stock market formed a doji candle last week, signaling uncertainty in the market...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at 64,638 showing an increase of 123 points or 0.19%...

Go to article

Cement industry remains stalled despite bold investments

Pakistan’s cement offtake has not been picking up amid dampened domestic demand despite the industry investing hefty amounts, including taking on debts...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index closed this week at 64,515 showing an increase of 2,064 points or 3.30% WoW...

Go to article

PSX Review: KSE-100 achieves best yearly return in over a decade

The Pakistan Stock Market posted its best yearly return since 2009, with its key benchmark KSE-100 index recording an eye-popping gain of 54.5% in 2023...

Go to article

Weekly Market Roundup

After a tug of war between bulls and bears throughout the week, bulls came out on top to close the final week of the year 2023 in green...

Go to article

PKR Yearly Review: Sink or Swim

The Pakistani rupee (PKR) concludes 2023 as one of Asia’s worst-performing currencies, plummeting by 55.43 rupees or 19.67% against the US Dollar...

Go to article

CPI Preview: Inflation to soar past 30% in December

December’s inflation is expected to surge above the 30% mark, as the impact of the recent gas price hike and the unfavorable base effect continue to weigh on...

Go to article

Tech Beat: PSX Index on Edge of a Bearish Reversal

The benchmark index of Pakistan Stock Exchange (PSX) faces a critical test this week as it approaches the candle closure for both the month and year...

Go to article

Weekly Market Roundup

The benchmark KSE-100 index recorded a sharp decline of 4,425 points or 6.69% this week to close at 61,705 — the largest weekly drop since the Covid-19 crash...

Go to article

Weekly Market Roundup

The benchmark index of the Pakistan Stock Exchange (PSX) snapped its 10-week-long winning streak to close at 66,130, showing a decrease of 93.6 points...

Go to article

MPS Preview: SBP to hold the line on rates

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is widely expected to maintain its policy stance of keeping the interest rate...

Go to article

Weekly Market Roundup

During the week, the benchmark KSE-100 index recorded highest ever weekly gain in point terms, surging by 4,532.38 points or 7.35% to close at an all-time...

Go to article

Tech Beat: Gold’s Swing Failure Pattern?

International spot gold soared to a new record high of $2,135, but encountered strong resistance from sellers who pushed it back within the previous range...

Go to article

Tech Beat: Gold closes at all-time high, $2,300 target gets closer

International spot gold closed at an all-time high of $2,071, surpassing the previous ATH closing of August 2020...

Go to article

PSX soars 16.6% in November, second-highest monthly return in a decade

The Pakistan Stock Exchange’s benchmark index closed the month of November at 60,531, gaining a staggering 8,611 points or 16.59% MoM. This marks the second...

Go to article

Stock market rally attracts highest foreign investment since 2019

The Pakistan stock market's rally has been fueled by the return of foreign investors' confidence, with overseas traders injecting the highest in Pakistani...

Go to article

CPI Preview: Gas price surge to push inflation above 28%

The relief that the masses had just started to feel from the surging inflation last month now faces uncertainty, at least for November, as this month brings...

Go to article

Tech Beat: Crucial week ahead as KSE-100 nears psychological barrier

The benchmark KSE-100 index is approaching the key psychological level of 60,000; a cautious approach should be taken now...

Go to article

Overbought KSE-100: A False Alarm or a Warning Signal?

The benchmark KSE-100 index 14-day relative strength index (RSI) has breached the 90 level for the first time since March 2005...

Go to article

Refinery sector turns profitable in first quarter of FY24

The refinery sector turned around in the first quarter of FY24, recording a profit after tax of Rs16.18 billion as compared to a loss of Rs3.3bn ...

Go to article

KSE-100 records highest ever monthly close in Oct'23

The benchmark KSE-100 Index wrapped up the month of October at 51,920, gaining a staggering 5,688 points or 12.30% MoM, showcasing bulls’ continued dominance...

Go to article

CPI Preview: Inflation to Find Steady Ground in 26.4-26.5% Range

The surging prices that have continuously been hurting the purchasing power of ordinary citizens in Pakistan are expected to bring relief in October...

Go to article

Tech Beat: Gold sets eyes on $2,300

The international spot gold experienced a strong rally, with prices surging by 9.4% or $170 over a mere 10 trading sessions, ultimately closing...

Go to article

Tech Beat: KSE100 shows strong signals for 60,000

The KSE-100 index's new yearly high signals a robust bullish trend, with a projected target range of 60,000-64,000 based on Fibonacci extensions...

Go to article

Crisis on Horizon: Oil prices expected to surge amidst ongoing geopolitical unrest

Pakistan's economy can once again get caught in the crossfire of the ongoing Israel-Palestine conflict, hurting the nation's already fragile economy...

Go to article

Tech beat: Last line in sand for gold bulls

The $1,807 support level is the last line in the sand for gold bulls, if this breaks next support lies at $1,717 which should not be tested if gold is...

Go to article

Gas price delay becomes elephant in the room

As the International Monetary Fund (IMF) review approaches, the delay in gas price decision has become the burning question...

Go to article

PKR Review: Rupee dominates world’s currencies in September

The Pakistani rupee (PKR) had been experiencing its fair share of challenges over the past few months, but September emerged as a month of renewed hope...

Go to article

Tech Beat: KSE100 poised to test 47,000

The benchmark KSE-100 index is poised to test the 47,000-47,200 resistance level in the coming days as long as 46,000 holds...

Go to article

MPS Preview: 100bps Hike on Cards

The State Bank of Pakistan (SBP) will likely hike the policy rate by around 100 basis points (bps) to 23% in tomorrow’s Monetary Policy Committee...

Go to article

Tech Beat: Cement Sector's bullish momentum tests key 1D 200EMA

The cement sector has shown a strong bullish momentum since May of this year, when it crossed above the one-day 200 exponential moving average (1D 200EMA)...

Go to article

Tech Beat: KSE-100 bounces from 50% Fibonacci level - Is a Bottom Forming?

KSE-100 Index currently faces resistance at the 46,000 level, however, If it breaks and finds acceptance above this level, there is a possibility that the...

Go to article

Tech Beat: KSE-100 faces critical resistance at 46,000

Failure to hold the 47,000 level was a significant warning sign, and the market is expected to consolidate in the near term with a possible pullback towards...

Go to article

PSX: From Bullish Euphoria to Bearish Blues

The benchmark KSE-100 Index closed the month of August at 45,002 points, down by 3,032 points or 6.31% MoM, leaving investors in a state of disbelief and...

Go to article

Tech Beat: Crude Oil's Path Amid Supply Worries, Rate Dynamics

Crude Oil's seven-week gains in prices due to supply worries and geopolitical tensions cooled off briefly. Technical analysis indicates a potential reversal...

Go to article

Dollar constraints, low demand: A deadly combo for car industry

The car industry hit the skids in July 2023, as production plummeted to a mere 5,450 units, barely above the lowest monthly figure recorded in April 2023...

Go to article

Double-edged sword of Rupee devaluation, petrol price rise for Pakistan’s economy

The devaluation of the Pakistani rupee (PKR) coupled with rising petrol prices is beginning to reshape inflation expectations. This shift could potentially...

Go to article

Tech Beat: The Fate of Gold Hangs on $1,898 Support Level

International spot gold (XAU/USD) is trading around a major support zone at $1,898...

Go to article

Tech Beat: Gold's technical signals 'Sell', Recovery hinges on $1,930s zone

The following is an outlook for international spot gold (XAU/USD) based on technical analysis (historical quantitative data)...

Go to article

Tech Beat: PSO, HCAR, OGDC to be monitored

The following is an outlook for the KSE-100 index and some strong scrips based on technical analysis (historical quantitative data)...

Go to article

US CPI likely to rise to 3.4%

The upcoming U.S. consumer price index data due today at 05:30 PST will likely show a rise in both overall and underlying inflation rates, which could have a...

Go to article

BRICS vs Dollar: India’s role in the global currency shift

There has been increasing talk of the BRICS nations, which include Brazil, Russia, India, China, and South Africa, of developing a new currency to rival the...

Go to article

KSE-100 records highest ever monthly gain in points

Pakistan stock exchange (PSX) posted the highest ever monthly gain in points, with the benchmark KSE-100 index gaining a staggering 6,582pts or 15.9%...

Go to article

SBP likely to maintain policy rate at 22%

The State Bank of Pakistan (SBP) will likely maintain the policy rate at 22% in today’s Monetary Policy Committee (MPC) meeting, as the headline inflation has..

Go to article

Tech Beat: KSE-100 reaches overbought territory, what's next?

The following is an outlook for the KSE-100 index and some strong scrips based on technical analysis (historical quantitative data)...

Go to article

Tech Beat: Oil supply shortage sparks rally

The following is an outlook for the Crude Oil based on technical analysis (historical quantitative data)...

Go to article

Crypto’s Roller Coaster Ride: From $69K to $15K and back up again

Crypto industry faced a harsh reality check throughout 2022 since its peak in late 2021. The market lost nearly $2 trillion of value in cryptocurrencies...

Go to article

Tech Beat: Riding the wave of KSE-100 growth

The following is an outlook for the KSE-100 index and some strong scrips based on technical analysis (historical quantitative data)...

Go to article

Ripple wins SEC lawsuit, XRP soars 100%

In a major win for the crypto world, a U.S. judge has dismissed the claim that Ripple Labs Inc violated federal securities law by selling its XRP token...

Go to article

Pakistan’s Banking sector rises from the ashes after IMF deal

The banking sector in Pakistan has left behind the dark days after being in the pit for so long, witnessing a remarkable rally in the last nine trading...

Go to article

US rate hike cycle over as inflation eases?

The U.S. consumer prices rose at the slowest pace since 2021, easing the pressure on the cost of living, and possibly on the Fed’s unprecedented monetary...

Go to article

US CPI likely to fall to 3%, lowest since March 2021

The upcoming U.S. consumer price index data due today at 05:30 PST will likely show a significant decline in both overall and underlying inflation rates...

Go to article

Remittances shield Pakistan from Trade Deficit in FY23

During times of the political and macroeconomic challenges posed in Pakistan, Pakistanis abroad did not disremember their native land and continued to send...

Go to article

Tech Beat: KSE-100 Rally Exhausting?

The following is an outlook for the KSE-100 index based on technical analysis (historical quantitative data)...

Go to article

US Fed minutes to set market tone: Rate hike expectations

Investors are eagerly anticipating the release of the minutes of the June meeting of the Federal Open Market Committee (FOMC), due to be released today at 07...

Go to article

Largest single day point gain for KSE-100 index, 43 companies gain over 7.5%

Pakistan stock exchange (PSX) surged on Monday as investors responded positively to the long-standing Staff Level Agreement (SLA) worth $3 billion...

Go to article

Tech Beat: Bullish momentum builds for KSE-100

The following is an outlook for the KSE-100 index based on technical analysis (historical quantitative data)...

Go to article

PSX Review: Caught in a range-bound storm

Pakistan’s stock market remained in a tight range-bound environment during Fiscal year 2023 amidst a challenging economic landscape and political uncertainty...

Go to article

Tech Beat: Bitcoin $40,000 in sight?

The following is an outlook for Bitcoin (BTC/USD) based on technical analysis (historical quantitative data)...

Go to article

Tech Beat: Gold outlook

The following is an outlook for international spot gold (XAU/USD) based on technical analysis (historical quantitative data).

Go to article

US stocks close at highest level in a year after Fed decision

The U.S. market benchmark index, S&P 500 and Nasdaq surged on Thursday to close at their highest level since May 2022, as the rally was fueled by economic data

Go to article

US Fed likely to maintain interest rate at 5.25%

The U.S. Federal Reserve will likely maintain the interest rate at 5-5.25% in today’s Federal open market committee (FOMC) rate decision...

Go to article

Name	Price/Vol	%Chg/NChg
KSE100	133,380.14 114.01M	0.61% 803.15
ALLSHR	83,434.97 387.61M	0.54% 451.29
KSE30	40,515.13 17.71M	0.39% 156.33
KMI30	191,531.85 22.32M	0.42% 804.53
KMIALLSHR	55,995.03 188.69M	0.53% 296.55
BKTi	36,622.95 7.60M	1.05% 380.89
OGTi	28,214.32 2.44M	-0.39% -109.09

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,685.00	112,170.00 111,395.00	-560.00 -0.50%
BRENT CRUDE	70.32	70.34 69.91	0.13 0.19%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.45 1.51%
ROTTERDAM COAL MONTHLY	108.00	109.00 107.95	0.90 0.84%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.45	68.48 68.04	0.07 0.10%
SUGAR #11 WORLD	16.54	16.61 16.08	0.41 2.54%

About Mettis Global

Support

Company

Solutions by Job Role

Products

Media Services

News by Abdur Rahman

KSE-100 Index is headed for best year in 21 years

Weekly Market Roundup

Pakistan trade deficit narrows for first time in eight months

Initial Preview: Inflation to fall below 5% in Nov

Weekly Market Roundup

Technology stocks lag behind market rally for third year

Petrol price expected to rise again in Pakistan

Is Pakistan stock rally overheating?

Pakistan Tax-to-GDP ratio remains dangerously low

Weekly Market Roundup

Weekly Market Roundup

Housing, energy inflation continues to remain sticky

CPI Preview 2: Inflation to quicken for first time in four months

Foreigner investors sell $125m Pakistan stocks

Weekly Market Roundup

Six giant companies are driving the KSE-100 rally

Remittance growth cushions Pakistan expanding trade gap

CPI Preview 1: Inflation to ease further in Oct

Weekly Market Roundup

SBP has room to cut policy rate by 400bps

Foreigners dump $99m stocks in six weeks

Weekly Market Roundup

Pakistan stock market enters strongest season

Weekly Market Roundup

Foreigners dump another $26m stocks

Crypto: New lifeline for remittance-dependent nations

Housing, energy the only category with stubborn inflation

Investors rush into Pakistan IPOs for quick gains

Foreign selling continues

Weekly Market Roundup

Foreign investors dump most stocks in three years last week

Weekly Market Roundup

CPI Preview: Inflation to fall to 7.5% in Sep

Pakistan stocks extend rally, KSE-100 jumps 750pts

KSE-100 Index hits all-time high

Traders see 50bps Fed cut likelier than 25bps

Mari Petroleum shares jump 10% after massive bonus issue

Gold likely to rally further as Fed pivots

Petrol price likely to drop by Rs12.5 per litre

Foreigners dump most stocks in four months last week

Weekly Market Roundup

MPS Preview: SBP to slash policy rate by 150bps

Pakistan stocks still screamingly cheap despite rally

Weekly Market Roundup

PSX Technicals Aug 26, 2024

Weekly Market Roundup

Pakistan’s yield curve inversion signals recession warning

CPI Preview: Inflation to fall in single digits after 3 years

Weekly Market Roundup

Weekly Market Roundup

PSX Technicals Aug 05, 2024

US recession indicator flashes red

Weekly Market Roundup

Weekly Market Roundup

MPS Preview: SBP to ease policy rate further

PSX Technicals Jul 22, 2024

CPI Preview: Inflation to remain low in July despite monthly jump

Weekly Market Roundup

PSX Technicals Jul 15, 2024

Cement prices surge in Pakistan

PSX Technicals Jul 08, 2024

PSX Technicals Jul 01, 2024

Foreign investors return to Pakistani equities in FY24

Best performing stocks of FY24

PSX FY24 Review: A Year for the History Books

CPI Preview: Inflation to climb above 12% YoY in June

PSX Technicals Jun 24, 2024

Weekly Market Roundup

Tech Beat: PSX rally likely to extend further

Weekly Market Roundup

Weekly Market Roundup

MPS Preview: SBP seen lowering rates for first time in four years

Weekly Market Roundup