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Tag Archives: monetary policy

Monetary policy: SBP hikes key interest rate by 100 basis points to 7.5%

KARACHI: The State Bank of Pakistan (SBP) has increased the key interest rate by 100 basis points to 7.5% for the next two months, as inflationary pressure along with the current account deficit take toll on Pakistan’s economy. The interest rate hike is the third in 2018 after the SBP increased it by 25 basis points in January, and another ... Read More »

Russian central bank decreases interest rate by 12.5% third time in 2015

MOSCOW: Bank of Russia cut interest rates for the third time this year and said it was ready to ease monetary policy further in the latest sign that the Russian economy is steadying just five months after a currency crisis triggered by Western sanctions and plunging oil prices. The central bank cut its key rate by 1.5 percentage points to ... Read More »

US stocks end with slight gains, S&P 500 increases 3.13pts

NEW YORK: U.S. stocks ended Tuesday session with slight increase, as technology stocks led the market to get some momentum. The main benchmarks turned large early losses into gains, only to end around where they started the session. Intraday volatility reflects uncertainty about the monetary policy in Europe, with investors appearing skeptical about the ability of central banks to combat ... Read More »

KSE 100-index adds another 251pts, up 0.77% to end week on bouyant note

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 251.26 points or 0.77 percent to reach 32731.61 points and volume of 235,201,230 shares on Friday. Fueled by bull-run, Karachi Stock Exchange continued to cheer up as benchmark 100-index gained another 179.54 points or 0.55 percent to reach all-time-high of 32659.89 points, rekindling hope for 33,000 thresholds in midday trading. There prevails ... Read More »

Closing: KSE plunges 138pts, down 0.43% on PTI’s Faisalabad shutdown call

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 138.45  points or 0.43 percent to reach 32010.33 points and volume of 120,382,620 shares on Monday. The market started the new trading week on a positive noted and appeared confident, adding another 24 points to the weekend closing of 32151 points to reach 32175points. However, later stocks crashed due to panic ... Read More »

Closing: KSE-100 adds strong gains of 218.20pts, up 0.68% to towards 32,000pts

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 218.20 points or 0.68 percent to reach 32090.93 points and volume of 270,543,210 shares on Thursday. The market opened on a positive note and kept crawled up to close the gap to its all-time high 32,000-level and never looked behind, setting eyes on new highs. Bull-run kept the Karachi Stock Exchange ... Read More »

Closing: KSE keeps upward rally with 192pts, up 0.61% to close 31872.73pts

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 192.01 points or 0.61 percent to reach 31872.73 points and volume of 257,480,050 shares on Wednesday. Buoyant Karachi Stock Exchange continued its march toward historic high of 32,000 steadily as benchmark KSE 100-index added another 213.01 points or 0.67 to scores tally, taking it to 31893.17 points till midday trading. Easing ... Read More »

Closing: KSE gains 102pts, up 0.33% despite warnings of Imran

KARACHI: KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 101.74 points or 0.33 percent to reach 31299.72 points and volume of 238,689,700 shares on first day of trading, Monday. There were rumours of downward trend as Pakistan Tehreek-e-Insaf Chairman Imran Khan has warned government if they do not agree his demands, he will going to shut down all business ... Read More »

Closing: KSE plunges 52pts, down 0.17% on upcoming PTI showdown

KARACHI: The fast-changing political scenario and fears of a looming political showdown on Nov 30 caused ripples in the Karachi Stock Exchange as benchmark KSE 100-index lost 51.72 points or 0.17 percent and plunged to 31218.38 points and volume of 166,378,330 shares on last day of trading, Friday. The stocks failed to cash in on the euphoria created by Pakistan’s ... Read More »

Closing: KSE plunges 184 pts, down 0.59% as weeklong uncertainty haunts investment trends

KARACHI: The Karachi Stock Exchange lost 184.37 points or -0.59 percent to reach 31270.10 points and volume of 117,327,160 shares on Thursday. Earlier, the KSE gained 53.29 points or +.17 per cent to reach 31507.76 points amid the news reports that the government has sold over $1 billion Sukuk bonds at international market. The stock witnessed maximum trading at 31545.14 ... Read More »

Closing: KSE bounces back with 231pts, up 0.74% to close at 31454.47pts

KARACHI: The Karachi Stock Exchange recovers 230.73 points or +0.74 percent to reach 31454.47 points and volume of 145,707,940 shares on Wednesday. The KSE share-100 index opened at overnight closing of 31,223 and appeared confidence, going up steadily. The market set the pace for the day trading, boosting confidence of the investors. Though the traders exercised cautioned, the trading remained ... Read More »

Closing: KSE loses 93pts, down 0.30% to close at 31223.7pts ahead of PTI big show

KARACHI: The Karachi Stock Exchange lost another 93.22 points or -0.30 percent to reach 31223.74 points and volume of 103,084,430 shares on Tuesday as PTI going to organize ‘big’ public meeting in Islamabad on Nov 30 this week. The market opened on negative note and remained bullish, forcing investor to exercise caution. Stocks remained bearish ahead of PTI’s call for ... Read More »

Closing: KSE recovers 279pts, up 0.89% on investors’ confidence

KARACHI: The Karachi Stock Exchange shrugged off the gloom of previous two days and set its pace for the upward march and gained 279.48 points or +0.89 percent to reach 31518.52 points and volume of 89,545,590 shares on last day of trading, Friday. The Karachi Stock Exchange opened on a positive note and set off on the recourse to remedy ... Read More »

Closing: KSE-100 loses 250pts, down 0.78% to close below 32000pts level

KARACHI: The Karachi Stock Exchange (KSE) lost 250.11 points or -0.78% to reach 31756.29 points and volume of 187,615,200 shares on Wednesday. Earlier, trading in the market started on a positive note and the index kept on ticking, adding 219 points to the overnight tally. The stocks opened at overnight closing of 32,006.40 points and continued upward march, showing signs of confidence. However, ... Read More »

Closing: KSE-100 achieves another milestone, crosses historic 32,000pts barrier

KARACHI: The Karachi Stock Exchange (KSE) managed to cross 32,000 points barrier and gained a substantial 303.61 points to reach 32006.40 points and volume of 212,121,500 shares on Tuesday. The benchmark KSE 100-index witnessed variation as it opened with positive note, gaining 83.99 points or +0.26pc to reach 31786.78 points and observed highest trading of 31819.23 and lowest trading of ... Read More »

SBP rate cut of 50bps on plunging CPI YOY 5.8%, record fall in oil by 28.07%, 200-300bps call rejected

KARACHI: State Bank of Pakistan (SBP) has brought down the policy rate by 0.5% to 9.5%. The central bank has reduced the key interest rate by 50 basis points in the economy for the next two months due to impact of floods and downward trend in global commodity prices. The SBP had kept the policy rate flat since November 2013 when ... Read More »

Weekly review: KSE observes mixed week, gains 400pts to set new mark

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 400 points in the week-long trading, as it opened at 30,912 points on Monday and closed at 31344.07 points on Friday. On Monday, Bull-run continued to cheer the Karachi Stock Exchange (KSE) as the benchmark KSE 100-Index after crossing highest-ever psychological ... Read More »

SBP rate cut of 50bps on plunging CPI YOY 5.8%, record fall in oil by 28.07%, 200-300bps call rejected

KARACHI: State Bank of Pakistan (SBP) has brought down the policy rate by 0.5% to 9.5%. The central bank has reduced the key interest rate by 50 basis points in the economy for the next two months due to impact of floods and downward trend in global commodity prices. The SBP had kept the policy rate flat since November 2013 when ... Read More »

Industry wants 200 to 300bps cut as SBP sets to unveil monetary policy today

KARACHI: Amid vehement demand for 200 basis points cut in the rate, the State Bank of Pakistan (SBP) is set to unveil its Monetary Policy for the next two months today Saturday. Prior to the announcement, the SBP board of directors is meeting to fine-tune the monetary policy following the Advisory Committee on Monetary Policy meeting to make recommendation for ... Read More »

Closing: KSE falters on 32,000pts rally, reverses to 31344pts losing 97.75pts

  KARACHI: The Karachi Stock Exchange 100-index lost 97.75 points to settle at 31344.07  points and volume of 9,856,868,839  shares on last day of trading, Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% to settle at 31441.82 ... Read More »