Tag Archives: Trend

Bearish trend prevails in LSC,ISE

Bearish trend prevailed in Lahore Stock Exchange yesterday as it shed 159.71 points, following the LSE-25 index opened with 3929.81 and closed at 3770.10 points. The market’s overall situation, however, corresponded to

Bulls in Islamabad!

The bulls in the capital aren’t quiet as devastating but ISE-10 gains 12 points anyway… Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 11.67

Bourse continues bullish trend

Early run-up backed by aggressive accumulation in Fauji group stocks of fertilizer sector faced corporate off-loading, however optimism regarding decline in discount rates in the upcoming review expected during the last week

Bearish trend takes over KSE

Declining trends in the international and regional markets, absence of follow-up support and persistent squeeze in turnover with increasing values on the benchmark (which stayed prominent in previous week’s trading) pushed it

Textile maintains positive trend

The textile industry of Pakistan continued its robust performance in 9MFY11, registering profit growth of 122 percent year-on-year. All three sectors such as composite, spinning and weaving witnessed prominent earnings performance. Net

Exports will continue upward trend

KARACHI – Pakistan is likely to achieve record exports of $24 billion in the current financial year 2010-2011, as exports have already clocked $17.79 billion in the past nine months.
Pakistan, which hit record exports of $19.5 billion in 2009 -2010 against the target of over $17 billion, is anticipated to reach another record figure of $24 billion under the current resilience in exports, sources told Pakistan Today.
Current exports, at $17.79 billion during July-March

Remittances sustain upward trend

KARACHI – Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of over $6.963 billion was received in the first eight months (July-February) of the current fiscal year 2010-11.
This shows an increase of over $1.176 billion or 20.32 percent compared to $5.787 billion received over the last corresponding period, the State Bank said. In the period, inflow of remittances from UAE, Saudi Arabia, USA, GCC (Gulf Cooperation Council) countries

KSE sustains downward trend

KARACHI – The local bourse exhibited bearish activity with thin volumes on Friday. The KSE-100 index shed 20.62 points or 0.17 percent to close at 12,041.15 points, as investors’ stayed concerned over the deepening diplomatic crisis between Pakistan and the United States.
The intraday high and low stood at 12,142.15 and 11, 963.16 points respectively. Ahsan Mehanti of Arif Habib Investments viewed that swelling circular debt in the local energy sector and the ongoing unrest in

Karachi Stock Exchange sustains bullish trend

KARACHI: The bullish trend continued at the bourse this week – shortened to three working days owing to religious (Ashura) holidays – as increased activity was seen in oil and gas, and banking sectors. Although, there was some tension on the political front with Jamiat Ullema-e-Islam’s breaking away from the coalition government, oil stocks rallied on the news of British Petroleum assets’ sale price.
Further, Abu Dhabi Group’s (ABG) consideration of offloading its strategic