Market stages comeback, Index ends flat
After losing as many as 69 points in the early part of the trading session, KSE-100 index put together a strong comeback and at one stage was up by 33 points before…
Index ends flat on investor pessimism
KSE 100 index closed flattish at 11,311 levels after the finance minister rejected the idea of withdrawing Capital Gains Tax (CGT) or bringing it under the Presumptive Tax Regime (PTR). Volumes once…
OGDC leads buying frenzy
With OGDC carrying the index weight on its shoulders, the KSE-100 index was able to muster another strong performance today as it added 72 points to yesterday’s total to close at 11,464…
Pakistan improves in global corruption index
The opposition leaders’ accusation of corruption against the government clashed on Thursday with Transparency International’s report on global corruption, which ranked Pakistan on the Index at 134, with 42 countries ranking worse,…
Panic selling ensues at KSE over investors concern
The Karachi stocks market Monday nosedived by 154 points on Monday as the investors at the country’s largest bourse cautiously reacted to Saturday’s deadly aerial Nato attack and the resultant uncertainty shrouding…
KSE sheds 81 points on institutional profit-taking ahead of SBP policy
The Karachi stocks market after Thursday’s recovery once again turned bearish and lost 81.27 points on Friday on what the analysts said institutional profit-taking ahead of the central bank’s policy announcement new…
Bears prevail at KSE as index further dips by 133 points
Bears continued to prevail on the Karachi stocks market where the benchmark KSE 100-share index further plunged by 133.03 points or 1.13 per cent on account of international and domestic negatives. The…
Index ends flat, as speculative activity rescues bourse
Low volume led price erosion during early hours pushed the index deep in the red zone on sell-off in high priced stocks along with fertilisers stocks, which were losing values on gas…
Average Joe’s problems
The unpredictability surrounding the KSE index knows no bounds. Not only are the haphazard trends, tiresome to keep track of they also make the Average Joe Investor’s task of “keeping on his…
Index recovers on account of OGDC to post minor losses
Triple digit decline during early trade following regional and international trend was well countered singly through low volume strength in OGDC, thereby allowing the index to re-enter positive zone from deep red,…
Index mimicks global markets as bears set in
After last week’s volume craze in which daily volumes were consistently above the 70 million share mark, the market took a breather to start the week as volumes slipped to 55 million…
KSE-100 index gains 253 points – a tale of two halves
Finally after seven consecutive positive sessions, with a big bang on September 21, 2011 hitting a triple tonne, the benchmark witnessed a correction phase in the following two trading session. The benchmark…
Consumer Price Index declines to 11.56pc
The change of base for calculating inflation based upon the consumer price index (CPI) results in a sudden fall of CPI to 11.56 per cent on year on year basis in August…
Pakistan ranks 118 on Global Competitiveness Index
Pakistan ranks at the 118th position in the world as far as competitiveness, innovation and business environment are concerned while Switzerland tops the overall ranking, says Global Competitiveness Report 2011-12, released by…
KSE-100 index falls to 39 week low
Low volumes were the hallmark of this week. Despite some initial positive movement in the index on Tuesday and Wednesday (adding 103 points), the last three days were caught in a bear…
Bank Alfalah Limited outperforms KSE-100 index
KARACHI – Bank Alfalah Limited (BAFL) stock price in the last 15 sessions has witnessed growth of 14.8 percent outperforming the KSE-100 Index during the same period by 11.8 percent. State Bank of Pakistan (SBP) giving a relaxation against provisioning in value of investment in Warid expired on June 30, 2010 forcing it to realize a provisioning of Rs 1.705 billion diminution in investment in Warid.
Consequently, the bank in the fourth quarter of 2010 suffered a loss of Rs 0.39
Dow Jones removes two Pakistani firms from SAFE Index
KARACHI – Dow Jones Indexes (DJI), a leading international global index provider, has decided to remove two Pakistani firms listed at the country’s stock exchanges from its international indexes.
The total free-float market capitalisation of the reconstituted Dow Jones SAFE Pakistan Titans 15 Index has increased by 2.1 percent or $17 million to $ 8.12 billion from the previous level of $7.95 billion while the total free-float market capitalisation increased to $370.88 billion