Tag: Investors

Cameron’s visit spurs investors’ interest

KARACHI - David Cameron's visit to Pakistan, accompanied by his announcement to pledge 650 million pounds for education and to increase bilateral trade to 2.5 billion pounds by 2015 had a positive impact on investors' sentiments. After few consecutive days of bearish activity, the KSE-100 index closed up by 32 points at 11,933 levels.
However, some correction was observed in the later half of the day as majority of the scrips underwent profit taking. While equity gains for the

Govt assures Chinese investors legal hitches will be removed

ISLAMABAD - In a major development on Wednesday, the government assured Chinese investors that it would expedite progress on removing the legal barriers that are hindering investment of an estimated $15 billion in the country's hydel power sector.
An official source said a 10-member delegation led by Chinese Three Gorges Project Corporation (CTGPC) Chairman Cao Guangjing spent a busy day meeting the president, finance minister and other senior officials to sort out the

Leveraged products fail to catch eye of investors

KARACHI - The recently-introduced leveraged products, Margin Financing System (MFS), Margin Trading System (MTS) and Securities Lending and Borrowing (SLB), appears to have failed to achieve the desired result of increasing volume at the country's volatile equity markets through luring greater investment.
Moreover, regulators from the Securities and Exchange Commission of Pakistan (SECP) have started smelling a rat in the stock members' usage of leveraged products that were

Foreign investors’ interest drives KSE up by 76.10 points

KARACHI - The local bourse exhibited bullish activity, as the benchmark 100 index closed 76.10 points up, spurred by institutional and foreign investors' interest. The KSE-100 index closed at 11,885.64 points against 11,809.54 points, a day earlier.
The intraday high and low was 11,890.63 and 11,812.06 points respectively, while the day's turnover was recorded at 80.50 million against Thursday's 68.52 million. Market capitalisation also remained upward, at Rs 3.164 trillion,

Investors’ disinterest persists despite end of cricket fever

KARACHI - The KSE-100 index, on Thursday, closed at 11,809.54 points marked by a gain of 0.93 points, while total volume and total value stood at 55,378,100 and 3,594,159,574 respectively. The KSE-30 index accumulated 18.63 points to close at 11561.50 levels, while All Share index closed at 8,276.78 levels after losing 0.17 points. End of the cricket fever failed to instill investor's interest. The index return in the concluded first quarter of the CY11 remained below par, at -1.77

Ugandan envoy invites investors

FAISALABAD - Ugandan Ambassador Dr Muhammad Ahmed has said that his country sees Pakistan as a partner in the progress of their agriculture economy and Pakistani investors are warmly welcomed to visit Uganda for investment, adding a special package of multidimensional incentives and facilitations has been announced.
He was addressing the participants of a lunch hosted in his honour by Faisalabad Electric Supply Company (FESCO) Board of Directors Chairman Nadeem Aftab Sindhu. Dr

Volume plummets as investors stay in holiday mood

KARACHI - The KSE-100 index gained 97 points to close at 11,809 levels. Volumes dwindled and stood at 52 million shares, triggered by the Prime Minister's announcement of a half-day holiday - as the Karachi stock exchange cut down trading time by one-and-half hours.
Investor's participation was considerably low, as they stayed in holiday mood. Few top tier stocks seemed to on the move irrespective of lower volumes. News related to lube prices impacted performance of the lube

Wall St rises but investors see more volatility

NEW YORK - US stocks gained after a week of heightened volatility on Friday, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis. The S&P and Dow ended lower for the second straight week as volatility spiked.
The two-day rally that ended the week wasn't enough to offset losses early in the week that briefly erased the indexes' 2011 gains. About 9.61 billion shares traded in composite action on Friday, more than average but

UK urges investors to look beyond headlines

LAHORE - British Deputy High Commissioner and UK Trade and Investment Director Robert W Gibson has said that the power crisis, corruption and security related problems are the biggest challenges faced by Pakistan, but the UK government encourages its investors to look beyond headlines. Gibson made these remarks while speaking to guests at a farewell dinner, which was arranged at the British High Commission on the successful completion of his three years tenure as UK Trade and

Investors wary of NPL as circular debt mounts

KARACHI - Uncertainty regarding circular debt, plant efficiency and timings of dividend payment are likely reasons of Nishat Power Limited's (NPL) inability to gain market strength. Investors are surprised that, despite more than expected earning per share of Rs 3.4 in the first half of the Financial Year 2011, NPL has been unable to gain investors' attention.
With electricity tariffs put on hold for the last several months, government is bearing a monthly subsidy of Rs 15 to16

MTS ‘rumours’ hit KSE to restore investors’ confidence

KARACHI - The rumors are hovering over volatile Karachi Stock Exchange (KSE) that the government is all set to make the long-awaited Margin Trading System (MTS) operational by the next week at the country's largest bourse. "The Margin Trading System to be operational from March 7," sources disclosed and said that the Federal Finance Minister Dr Abdul Hafeez Sheikh would be formally launching the leveraged product on coming Monday during his maiden visit to Karachi bourse.

Bangladesh investors, police clash over sliding stocks

DHAKA - Hundreds of Bangladeshi small investors, angry at a new plunge in share prices, set fire to tyres and pelted police with bricks on Sunday outside the stock exchange and demanded the resignation of the finance minister.
Police with batons dispersed the protesters in pitched battles that snarled traffic for hours. The country's main Dhaka Stock Exchange General Index dived by more than 474.77 points or 7.27 percent to 6052.41 on Sunday, the steepest one-day fall since

Fallen investor spoils Russia show for investors

DAVOS - A former big investor in Russia, who accuses the government of stealing his firms and killing his lawyer, spoiled on Thursday a Russian show in Davos meant to woo investors. Bill Browder, who had around $4 billion invested in Russia through his Hermitage fund, says he had to flee Russia after accusing officials of corruption and saw some of his firms being stolen from him by Interior Ministry officials.
One of his lawyers, Sergei Magnitsky, died in jail last year from

KSE remains sluggish, investors await monetary policy announcement

KARACHI: The local bourse underwent another range bound session, as investors remained at the sidelines and awaited the monetary policy announcement due later in the day.
Though Farrukh Khan's announcement as the new SECP chairman was welcomed by investors, but it failed to provide an impetus against anticipation over the MPS.
The benchmark KSE-100 index accumulated 18 points to close at 11,163 levels. The KSE-30 index squeezed 3.13 points and closed at 10745.17 levels,

Oil stocks sustain investors’ interest in KSE

KARACHI: The market dwindled by 35 points today and closed at 11,171 levels. A total of 155 million shares were traded as investors opted to book profits in key oil stocks.
A bull run at the local bourse was cut short by a mild correction of 35 points or 0.31 percent in today's trading session as the index closed at 11,171 levels.
Following a massive gain of 3.05 percent in the last three trading sessions, before and after Eid, profit booking was inevitable in order to

Investors pocket profits as KSE falls 64 points

KARACHI: Unable to capitalise on momentum built yesterday, the KSE-100 Index lost 64 points in Wednesday's trading session at the Karachi Stock Exchange (KSE) as many investors opted to pocket their profits on the bourse.
Though anticipated, a correction this soon after positive results, hints at the shaky foundations of investor confidence. Rumours of a spat between the SECP and members of the KSE also have equity investors worried. Despite the downturn in the index, the overall

Lack of energy in investors squeezes KSE-100 index by 63pts

KARACHI: The Karachi Stock Exchange (KSE) closed on a negative note subject to dull activity on Monday. Lack of concrete positive triggers led to profit-taking as the benchmark KSE-100 Index suffered a loss of 63.13 points to close at 10538.27 levels. Investors' agility continued to shrink as the results season crossed the finish line.
The benchmark index moved within a band of 138 points, while the index touched a high of 10,667 points and slipped down to 10,538 points. There