Tag: Kse

KARACHI - The local bourse saw investors book profits as the market awaits the Monetary Policy Statement (MPS), due on Jan 29, 2011. The index dwindled 0.1 percent to close at 12,477 points, while volumes declined by 19 percent to reach 112 million shares.
The major trigger was FFC's result, which was above market expectations. FFC announced a 25 percent bonus, in addition to the anticipated cash dividend. Furthermore Engro's price remained stagnant despite a rise in it's DAP

KARACHI - The KSE-100 index gained 28 points to close at 12,483 points, while 139 million shares were traded. Profit taking was observed at inflated levels as investors preferred to book gains ahead of the Monetary Policy Announcement (MPS) on January 29, which would influence the market's direction.
The KSE-30 index added 37.50 points and closed at 12216.99 points, while the all share index closed at 8690.73 points marked by a gain of 12.46 points. Fertiliser stocks underwent

KARACHI - The Karachi Stock Exchange (KSE) Tuesday issued a revised list of the companies eligible for trading in Cash Settled Futures Contract (CSFC) market. Through a notice (KSE/N-326) the bourse notified the members the names of some 38 securities declared eligible for the CSFC trading in the equity market.
The KSE list for eligible securities include some 30 old, new and outgoing companies that according to KSE criteria must be other than Asset Management Companies (AMC),

KARACHI - The Securities and Exchange Commission of Pakistan (SECP) Tuesday selected nominee directors on the board of Karachi Stock Exchange (KSE) for 2011 after a delay of over three weeks.
According to KSE sources, the apex regulator after a delay of 24 days had ultimately announced the four names of its nominee directors on the KSE board from the financial sector. Those nominated include Muneer Kamal, Shazad G Dada, Asif Qadir and Abdul Qadir Memon who officiate as KASB Bank

KARACHI - The KSE 100 index ended the day up 85 points with major exploration and production, fertiliser scrips alongside MCB leading the charge. The index heavyweight, OGDC, stood firm to support the index with a contribution of around 48 points which in a positive wave on the bourse.
The KSE 100 index closed at 12,455.75 with the gain of 85.16 points while total volume stood at 120,314,143 along with the total value of 5,082,527,577. Volumes were recorded at 137 million shares

KARACHI - Members of the Karachi Stock Exchange (KSE) have back-pedalled from their previous demand for a member-chairman at KSE following appointment of a former broker at the apex regulator, Securities and Exchange Commission of Pakistan.
The KSE members on Monday rejected the resolution, demanding the apex regulator to appoint a member chairman at KSE in the most-awaited extraordinary general meeting, held under the chairmanship of Director Abid Ali Habib. "A heated debate

KARACHI - Activity at the local bourse remained subdued and the benchmark index closed in red zone. PPL's healthy growth in the first half of the Financial Year 2011 could not force an upward momentum, as majority of the bellwether scrips in oil and gas sector exhibited profit taking.
The KSE-100 index closed at 12370.59 points following a loss of 61.32 points. The total volume stood at 94,741,196, while the total value was 4,709,009,357.
The monetary policy announcement on

KARACHI - The Karachi Stock Exchange (KSE) ended trading on a positive note and gained 20.04 points in an oversold market where analysts believe investors are accumulating blue chip scrips on the basis of the expectation of record earning announcements next week.
On the last trading day of the week, the benchmark ended higher at 12,431.31 points, gaining 20.04 points or 0.16 percent against 12,411.87 points on Thursday. The equity market ended higher but down from the intraday

KARACHI - Arif Habib Investments (AHI) has officially informed the Karachi Stock Exchange regarding their merger with MCB Asset Management Company.
According to a letter issued to the Karachi Stock Exchange, the AHI stated that its sponsors and MCB Asset Management Company (MCB-AMC) have signed the shareholders' agreement dated January 19, 2011 for the proposed merger between the two entities. Sponsors of both entities agree that the combined force of MCB and Arif Habib Group

KARACHI - The Karachi Stock Exchange (KSE) sustained profit taking, as investors turned bearish on the pretext of advance Capital Gains Tax (CGT) filing for the period of July-December 2010. Investors appeared fearful of wealth sources investigation by the tax authorities.
The KSE-100 index dwindled 165.74 points to close at 12411.87 points, while the volume stood at 160,142,195. Moreover, the KSE-30 index squeezed 210 points to close at 12115.84 points, while the all share index

KARACHI - KSE 100 index witnessed yet another day of correction with major oil, fertiliser and banking scrips receiving heavy punishment; as the bourse lost 81 points with volumes of 188 million shares as big local institutions opted to book profits ahead of a key monetary policy announcement on January 29.
The KSE 100 index closed at 12577.61 levels with the loss of 80.55 points while total volume stood at 163,708,207 along with the total value 8,499,145,764.
FFC and FFBL

KARACHI - The institutional investors at Karachi Stock Exchange (KSE) were unable to pay the newly imposed Capital Gain Tax (CGT) on time due the absence of a regulatory and collection mechanism yet to be devised by the Federal Board of Revenue (FBR). Furthermore, the FBR last week had to extend dates for the quarterly payments of CGT to a period that, the investors believe, is "too short" and, therefore pressuring them.
Taxpayers from brokerage houses, banks, Development

KARACHI - The local bourse sustained momentum amid good foreign inflow. Investors flocked towards stocks offering high dividend yields, as the corporate result season is underway. The KSE 100 index closed at 12681.94 points marked by a gain of 148.40 points.
Volume of the equity market, standing at 317 million shares, was seen after almost an eight month gap. Stock market seemed to be in an unstoppable mood as the index continued to travel northward despite mixed news. The

KARACHI - A healthy correction of around 121 points during the initial two trading sessions of the week provided the much needed boost to the bull in its ascent. During the preceding three trading days benchmark index gradually gathered pace and exhibited a bullish trend.
The market momentum was backed by established foreign investors who aggressively invested in the market. On Thursday, investment of around $11.76 million was conducted which pushed the benchmark index up by 178

KARACHI - The bourse underwent aggressive buying as investor sentiments turned buoyant on news of the leverage product approval by the law ministry. The KSE-100 index hit a 12 month high and managed to accumulate 178 points to close at 12,459 points, while total volumes stood at 209,120,815. Out of total 409 scrips, 215 advanced, 169 declined and 25 remain unchanged. The KSE 30 added 223.66 points and closed at 12238.23 levels, while the all share index added 114.51 points to close at

KARACHI - The regulator and management of the domestic equity market seem to have failed to preserve the integrity and credibility of the country's capital market, where the fate of hundreds of aggrieved investors faced with substantial losses is hanging in balance. The Securities and Exchange Commission of Pakistan (SECP) has long received complaints from the investors, particularly small ones, regarding the non-transference of shares and funds by various brokerage houses at the

KARACHI - The country's capital market witnessed its first over-the-counter (OTC) market listing as the fertiliser giant, Engro Fertilisers Limited (EFL), floated private commercial papers worth Rs 1.0 billion at Karachi Stock Exchange (KSE) to raise proceeds from the corporate sector to cater its working capital requirements.
The KSE Wednesday enlisted the EFL's first ever security on OTC market by listing of the privately placed commercial papers valued at Rs 1.0 billion under