Connect with us

Business

KSE-100 falls amid rollover week volatility, corporate earnings uncertainty | The Express Tribune

Published

on

KSE-100 falls amid rollover week volatility, corporate earnings uncertainty | The Express Tribune


Market traded within narrow range, touching intra-day high of 163,570.83 and low of 161,766.61

The Pakistan Stock Exchange began the week on a bearish note, with the benchmark KSE-100 index slipping 1,140 points to close at 162,163.81, marking a 0.70% decline from the previous session’s close of 163,304.13.

The market traded within a narrow range on Monday, touching an intra-day high of 163,570.83 and a low of 161,766.61. Investor sentiment remained fragile due to Monetary Policy Committee (MPC) meeting, leading to cautious trading and broad-based profit-taking, particularly in the energy and manufacturing sectors.

KTrade Securities, in its market wrap, noted that the PSX opened the rollover week under selling pressure due to the absence of positive triggers. “The benchmark KSE-100 index declined 1,140 points, or 0.70%, closing at 162,163, as investor sentiment weakened,” it said.

Major laggards during the session included heavyweights such as Pakistan State Oil, Lucky Cement, United Bank Limited, Mari Energies, Pakistan Petroleum, Habib Bank Limited, Oil and Gas Development Company, and Systems Limited. These stocks collectively dragged the index lower.

On the other hand, some support came from Air Link Communication, Askari Bank, Searl Company, and Interloop Limited, which managed to limit further losses. Despite the overall negative trend, trading activity remained relatively healthy.

Market participants also reacted to the mixed financial results of several key players, including Gharibwal Cement, Millat Tractors, and Fauji Cement, which showed mild volatility. The cautious mood reflected broader investor hesitation amid macroeconomic uncertainties and expectations around interest rate movements.

Looking ahead, analysts expect sentiment to remain subdued as investors continue to navigate the rollover week and await further policy clarity. However, the ongoing corporate earnings season may provide some direction and potential recovery opportunities in the coming sessions.

KTrade Securities added that the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 11% could help restore some market confidence and bring short-term stability to investor expectations.



Source link

Business

JustEat and Autotrader among firms investigated in fake reviews probe

Published

on

JustEat and Autotrader among firms investigated in fake reviews probe



The UK’s competition watchdog says it is looking at five firms in its investigation into misleading online reviews.



Source link

Continue Reading

Business

Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India

Published

on

Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India


Gold futures traded higher on the Multi Commodity Exchange (MCX) on Friday with key contracts registering gains of up to 1.6 per cent amid firm buying interest and supportive global cues.The April 2026 gold contract rose by Rs 2,290, or 1.64 per cent, to trade at Rs 1,41,783 per 10 grams. The contract moved between an intraday low of Rs 1,40,287 and a high of Rs 1,42,800. The June 2026 contract, which saw higher trading activity, gained Rs 1,921, or 1.35 per cent, to Rs 1,44,435 per 10 grams. During the session, it touched a low of Rs 1,43,652 and a high of Rs 1,45,773. Meanwhile, the August 2026 contract advanced by Rs 1,480, or 1.02 per cent, to Rs 1,47,100 per 10 grams, with an intraday range of Rs 1,47,040 to Rs 1,48,600.Here is how gold prices stand across major cities today:

Gold price in Delhi today

Gold prices in the national capital declined, with 24K gold quoted at Rs 14,486 per gram, down Rs 218, while 22K gold slipped Rs 200 to Rs 13,280 per gram.

Gold price in Mumbai today

Mumbai bullion markets also saw a drop, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, lower by Rs 200.

Gold price in Chennai today

Chennai recorded a sharper decline, with 24K gold selling at Rs 14,651 per gram, down Rs 262, while 22K gold dropped Rs 240 to Rs 13,430 per gram.

Gold price in Kolkata today

In Kolkata, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold stood at Rs 13,265 per gram, lower by Rs 200.

Gold price in Hyderabad today

Hyderabad markets reflected a similar trend, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, slipping Rs 200.

Gold price in Bangalore today

In Bangalore, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold was selling at Rs 13,265 per gram, lower by Rs 200.

Gold price in Ahmedabad today

Ahmedabad bullion markets showed declines, with 24K gold at Rs 14,476 per gram, down Rs 218, while 22K gold fell Rs 200 to Rs 13,270 per gram.

Gold price in Lucknow today

In Lucknow, 24K gold was priced at Rs 14,486 per gram, down Rs 218, while 22K gold moved lower by Rs 200 to Rs 13,280 per gram.

Gold price in Patna today

Patna markets also recorded weaker rates, with 24K gold quoted at Rs 14,476 per gram, down Rs 218, and 22K gold at Rs 13,270 per gram, lower by Rs 200.

Gold price in Jaipur today

In Jaipur, 24K gold was quoted at Rs 14,486 per gram, down Rs 218, while 22K gold stood at Rs 13,280 per gram, down Rs 200.



Source link

Continue Reading

Business

Consumer confidence hit by ‘ripple of fear’ over Iran war

Published

on

Consumer confidence hit by ‘ripple of fear’ over Iran war



A key survey indicates growing doubt among shoppers over prospects for the UK economy in the next year.



Source link

Continue Reading

Trending