Mobile phone production in Pakistan drops 8% in November
The production of locally assembled mobile phones in Pakistan fell by 8% in November 2024 to 2.31 million units compared to the same month last year, primarily due to import restrictions imposed in the previous year, according to the latest data from the Pakistan Telecommunication Authority (PTA).Despite the decline in…
Pakistan records 2nd largest single-day increase
Pakistan stocks recorded its second-highest single-day gain on Monday, bolstered by a lower inflation environment and a steady decline in secondary market yields.Investors responded positively to easing political tensions as the Government and PTI engaged in constructive patch-up talks.The improved economic landscape prompted a surge in liquidity, encouraging a shift…
Pakistan stock market likely to see volatile week
Pakistan stocks are expected to experience volatility in the initial sessions of the upcoming week, but would consolidate towards the latter part of the week given key economic indicators showing signs of stabilization.Ali Nawaz, CEO of Chase Securities, mentioned that the market is expected to consolidate next week following the…
Pakistan equities outshine all major asset classes in 2024
Pakistan’s equities remained the best performing asset class in 2024 outshining gold, USD and real estate.Equity market delivered a remarkable 75% return from January 1 to December 20, inclusive of dividends.Gold also posted significant gains, increasing by 24% in the local market, climbing from PKR 189,386 to PKR 234,311 per…
