AKD Securities
Coverage of AKD Securities in the Nexus archive.
- PSX gains 2,000 points during intraday trade
The Pakistan Stock Exchange's benchmark index, KSE-100, gained 2,000 points during intraday trade due to falling global oil prices and renewed US-Iran mediation efforts. The market remained volatile but closed the previous session slightly higher, driven by late-session buying in banking and refinery stocks.
- PSX continues recovery as KSE-100 index gains 2,600 points in early trade
The Pakistan Stock Exchange's KSE-100 index surged 2,604.49 points (1.49%) in early trade, driven by US President Donald Trump's remarks suggesting Iran's eagerness to settle tensions and stable oil prices. The rebound followed losses from the previous day due to renewed US-Iran conflicts.
- Bulls snap losing streak as PSX gains 2,500 points during intraday trade
The Pakistan Stock Exchange's KSE-100 index rebounded from a two-day losing streak, gaining over 2,500 points during intraday trade due to value buying. The recovery was attributed to Trump's replacement of a Hormuz toll with GCC investment commitments and lower-than-expected US inflation, which eased concerns over Federal Reserve rate hikes and oil price surges.
- PSX tumbles over 2,800 points in intraday trade on back of uncertainty over US-Iran talks
The Pakistan Stock Exchange's KSE-100 index fell by over 2,800 points during intraday trade due to uncertainty following the postponement of US-Iran talks in Geneva, which had initially been seen as a step toward peace under the Islamabad MoU. The decline contrasted with analysts' expectations of sustained market recovery.