Karachi, July 13, 2023 (PPI-OT): KSE-100; Indicators are overbought – stay cautiousBulls dominated for another session as KSE-100 index closed up by 359 points at 45,515 level. Volumes stood at 450mn shares versus 555mn shares traded previously. The in…

Karachi, July 13, 2023 (PPI-OT): KSE-100_Bulls gaining strengthMarket View – TechnicalThe index opened on a positive note and remained bullish throughout the last trading session. The local bourse posted a high of 427pts and concluded with a gain of 35…

Karachi, July 13, 2023 (PPI-OT): IMF approval received; estimates suggest challenging road aheadIMF’s Executive Board approved a 9-month Stand-By Arrangement (SBA) for Pakistan, helping Pakistan to get ~US$3bn, with the first tranche (~US$1.2bn) disbur…

Karachi, July 13, 2023 (PPI-OT): Pakistan Strategy – Rejoice, for the IMF is finally here!Rejoice, for the IMF is finally here! While Pakistan’s staff level agreement (SLA) for the SBA caught everyone off-guard, Board approval for the same had widely b…

Karachi, July 13, 2023 (PPI-OT): KSE-100 up 359 points yesterday, to close at 45,515 with 449Mn shares being traded. Top performance as per price change was witnessed in SRVI, MEBL and COLG. Top decliners GADT, GHGL and MUGHAL. Activity was mainly conc…