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In the Pakistan Stock Exchange (PSX), traders often encounter price movements that can either bebreakouts or fakeouts. Both involve a price moving beyond a key level of support or resistance, but their implications are different. Understanding the difference between the two can help investors make better trading decisions. Breakout in PSX Definition Abreakoutoccurs when the…
March 10, 2025:The State Bank of Pakistan (SBP) has announced its decision to maintain the policy rate at12.0%, as per the latest Monetary Policy Committee (MPC) meeting held on March 10, 2025. According to the SBP, inflation in February 2025 was lower than expected, primarily due to a decline in food and energy prices. However,…
Karachi:The Pakistan Stock Exchange (PSX) recently welcomed a high-profile delegation of Iraqi scholars from the Scientific Foundation for Financial Transactions (SFFT Iraq) to explore opportunities for collaboration in Islamic finance. The visit, facilitated by the Al-Sadiq (AS) Institute, Karachi, aimed to enhance the development of Islamic capital markets in both countries. During the visit, PSXs…
In a significant move towards modernization and enhanced security in banknote paper production, Security Papers Limited (SPL) has announced the approval of an upgradation project for its paper manufacturing plant. The resolution for this strategic initiative was passed at the 9th Reconvened Extraordinary General Meeting (EOGM) held on March 1, 2025. Approval for Upgradation Project…