KARACHI: Advisor to Prime Minister on Finance Shaukat Tareen said Wednesday that foreign exchange reserves will be built- up with the help of sufficient inflows being arranged in next three to four weeks. He was talking to media at Jinnah Terminal of Karachi Airport. “I am going to Washington DC tonight (intervening Wednesday-Thursday) to [...]
Continue reading...Thursday, June 19, 2008
KARACHI: The selling pressure continued at the local capital market on the third consecutive day on Thursday as the benchmark KSE-100 Index sliding by 390 points, plunged below 12000 points to peg at 11870. The investors opted to remain sidelined as unconfirmed reports of government contemplating increase in the Capital Value Tax (CVT) hit [...]
Continue reading...Thursday, May 29, 2008
ISLAMABAD: A KSE delegation called on Syed Naveed Qamar, Federal Minister for Finance, Economic Affairs, Revenue, and Privatisation & Investment here today. Issues relating to Stock Market and Economy of Pakistan were discussed at length. KSE delegation suggested to the Finance Minister GoP’s proposed steps for investor friendly confidence building measures aiming to arrest the [...]
Continue reading...Tuesday, May 27, 2008
KARACHI: The Bursa Malaysia, Malaysian Stock Exchange, has agreed to forge cooperation with Karachi Stock Exchange KSE in areas of Islamic Corporate Market, Information Sharing and dual listing. This was stated by Chief Executive Officer(CEO) of Bursa Malaysia Dato’ Yusli Mohamed Yusoff, during his meeting with His Excellency, the High Commissioner for Pakistan, Lt. [...]
Continue reading...Tuesday, May 27, 2008
KARACHI: Karachi Stock Exchange Tuesday regained 327 points as KSE-100 index crossed 12800 level. Trade remained volatile until noon, the bulls finally snapped a rally — led by heavy buying in undervalued stocks. Popularity: 4% [?]
Continue reading...Friday, May 23, 2008
KARACHI: Shares in Karachi stocks market fell nearly 5 percent on Friday after the State Bank of Pakistan increased its key discount rate to 12.0 percent from 10.5 percent the previous day to counter inflation and widening deficits. The Karachi Stock Exchange (KSE) benchmark 100-share index was 4.75 percent, or 647.11 points, lower at 12,979.89 [...]
Continue reading...Thursday, May 22, 2008
SBP increases discount and bank interest The benchmark KSE 100-Index shed 347 points to close at 13627 speculations about stringent economic measures by the central bank triggered selling in banking and insurance stocks. Share prices at the Karachi stock exchange fell more than 2 percent, as the market remained jittery on expectations of a discount rate [...]
Continue reading...Wednesday, May 21, 2008
KARACHI: Oil prices hit a record hitting up 130.05 dollars a barrel on Wednesday. The unprecedented soaring oil prices are due to the prevailing anxiety about stretched supplies in the face of strong demand for energy, and the downward trend of dollar in the international currency market, said the traders. Karachi Stock Exchange gained 71 points [...]
Continue reading...Tuesday, May 20, 2008
KARACHI: Karachi Stock Exchange 100-index lost 18 points to close at 13,903 points. The day’s trade started on gains as investors covered short positions from the previous sentiment. However, negative sentiments created by concerns over the state of the economy once again played on stakeholders’ nerves. The broader market was almost square too. Of 339 [...]
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Wednesday, October 8, 2008
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