Tag: Gains

ISLAMABAD - The Higher Education Commission (HEC), which is going to be axed in the name of implementation of the 18th Amendment, is the only successful education initiative in Pakistan's history.
Following are the achievements of HEC since its establishment in 2002:
More PhDs have graduated from Pakistani universities in the last nine years than in the first 55 years of the country's existence. Research output (as measured by published papers) has grown six folds since

KARACHI - The local bourse seemed in disarray as the benchmark index moved in both upwards and downwards direction. Market activity remained sluggish as merely 74 million shares were traded, slightly better in contrast with the preceding day. The KSE-100 index gained 28.09 points to close at 11901.37 levels, while total volume and total value stood at 60,453,236 and 2,909,605,618 respectively.
Mixed sentiments prevailed as major E and P stocks exhibited some profit taking.

KARACHI - The index performance, on most occasions, showed bullish momentum as it appreciated by 333 points, with an average daily volume of 78 million shares. The volume, on Tuesday, reached 110 million, while market exhibited lower volumes in the rest of week. Majority of the top tier stocks were tilted towards positive prices appreciation especially banks and cement sector, while index heavy OGDC moved against the wind. We believe that the quarterly result season, expected to

PARIS - French polling booths opened on Sunday for another round of local elections that have caused alarm and disarray in President Nicolas Sarkozy's ruling party since the far-right National Front surged in first-round voting.
The polls gauge the national mood a year before presidential elections and will determine whether the anti-immigrant National Front gains a foothold in a handful of local councils, levers of grassroots political power.
Sarkozy's UMP party has

LAHORE - Thousands of devotees from across the country on Friday thronged the shrine of Hazrat Shah Hussain, also known as Madhu Lal Hussain, to celebrate the second day of the Mela Chiraghan or the festival of lights. Mela Chiraghan has started as the three-day Urs has been scheduled for March 26 to 28. Last night a huge rush of devotees was seen at the shrine and many people kept visiting the shrine to offer Fateha.
Devotees lit up candles at the shrine, offered floral wreaths

KARACHI - Local refineries are still taking advantage of higher oil prices primarily due to a 7.5 percent deemed duty on High Speed Diesel (HSD). The deemed duty is fixed in percentage terms, however, it varies in absolute terms on fluctuating international oil prices. The deemed duty on diesel (HSD) has hit a 30-month high, reaching $9.0 per barrel. This could inflate further incase oil prices remain firm. If this happens, National Refinery Limited (NRL) and Attock Refinery Limited

KARACHI - The Karachi Stock Exchange (KSE) has shown an impressive increase of Rs 196 billion in its market capitalisation a week ahead of the launch of the much-awaited Margin Trading System (MTS) today (Monday), which is being introduced in place of the badla system.
The market capitalisation of the KSE had fallen to Rs 3.037 trillion on February 25, but by March 4 the market capitalisation of the KSE edged up to Rs 3.233 trillion as Finance Minister Hafeez Sheikh announced the

LAHORE - The Lahore Stock Exchange (LSE) remained bullish marked by an astounding recovery in volume on Tuesday. The LSE 25-shares added 134.33 points to close at 3,498.49 against its opening at 3,364.16 levels. Out of 105 active scrips, 59 went up, five went down and 41 closed without any change in their opening values. Volume of the market remained 8.08 million shares, 4.14 million shares more than Monday's turnover of 3.94 million shares.
Lotte Pakistan PTA, with a turnover

KARACHI - The Federal Board of Revenue (FBR) has agreed to amend rules and regulations pertaining to the filing of Capital Gains Tax (CGT) at the country's stock exchanges. According to sources, officials of FBR and the Taxation Committee of the Board of Karachi Stock Exchange (KSE) reached a consensus during a meeting held here at KSE on Monday.
FBR was led by Revenue Division Additional Secretary Asrar Raouf, while investors were represented by Taxation Committee Head Abdul

KARACHI - The local bourse exhibited stimulated activity backed by news regarding approval of the margin trading system by KSE board. However, volumes stayed shabby, depicting investor's confidence. The KSE-100 index gained 131.75 points and closed at 12,077.84 levels, while the total volume stood at 63,659,526 along with the total value of 3,143,336,221.
The KSE-30 index accumulated 142.40 points and closed at 11688.94 levels, while the all share index closed at 8425.19 levels

LAHORE - The Lahore Stock Exchange (LSE), on Monday, remained range-bound as the index gained 4.42 points to close at 3,796.34 points. However, the total turnover stayed 6.232 million shares against yesterday's trading of 3.806 million shares. Out of 120 scrips traded on the day, 34 improved, 22 went down, while 64 remained unchanged.
Nimir Industries Chemical, Lotte Pakistan PTA and Dewan Salman Fibre ended as volume leaders. Pakistan State Oil (PSO) was the major gainer, while

KARACHI - The KSE-100 index, after five consecutive bearish sessions, finally shifted gears as it gained 116 points to close at 12,359 points. The anticipated reversal was led by bellwether oil marketing scrips as dread over pricing mechanism faded, in addition to a healthy earnings expectation for the period ending on December 2010.
The KSE-30 index accumulated 189.28 points to close at 12,041.16 points, while the All Share index gained 82.49 points to close at 8,582.83 levels.

LAHORE - They say that advertising always pays-off in one way or another. Thinkers of this field have derived another method of advertising which is rated to be one of the fastest spreading and effective marketing techniques; it is called Short Messaging Service (SMS) advertising.
With Pakistan occupying a slot in top five messaging countries, advertisers are using the fashion of 'texting' for a greater cause. All kinds of businessmen, solicitors, service providers and vendors

LAHORE - Lahore Stock Exchange remained on shaky ground on the last working day of the week. The LSE 25-index gained 5.92 points at the end of trading session on Friday. However, major change was witnessed in total turnover as the share volume increased from 7.56 million shares to 11.10 million shares, registering an increase of 3.58 million shares.
Investors showed their confidence in banking, oil and gas and fertiliser sectors. Total 125 symbols remained active out of which 53

LAHORE - The Lahore Stock Exchange (LSE) closed in green with a decline in the volume on Tuesday. The LSE 25-shares added 15.17 points to close at 3,780.15 against its opening at 3,766.54 levels. Out of 128 active scrips, 27 went up, 37 went down and 64 closed without any change in their opening values. The volume of the market remained 6.05 million shares, which was 7.04 million shares less than Monday's turnover of 13.09 million shares.
Silk Bank remained the volume leader

KARACHI - The local bourse posted meager gains amidst thin volumes owing to heavy investor interest in the banking sector lead by UBL. The KSE 100 Index ended the day up 38 points, aided by renewed local buying interest in banking stocks.
UBL stole the show after disclosing to the stock exchange that Bestway (Holding), an existing shareholder, entered into a Share Purchase Agreement (SPA) with the Abu Dhabi Group (ADG) to acquire 20 percent of their stake in UBL. The KSE 100

Karachi - While the market-men continued to celebrate the appointment of Chairman SECP, it has certainly raised the expectations of an early launch of flexible ready board leverage product.
From the onset, index moved speedily upwards breaching 11,900 level, marred by lower volumes in contrast with year to date average volumes. The benchmark seemed like crossing the 12,000 level, but profit booking from investors kept the bull under control as the index closed at 11,910 points.