Tag: Kse

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) is believed to have bowed to the longstanding demand of the members of Karachi Stock Exchange (KSE) by selecting a former KSE member for the top slot at the apex regulator.
The SECP has been practically rudderless, without a chairman since November 29, after the tenure of Salman Ali Sheikh ended without any extension granted by the country's economic managers.
Additionally, the apex regulator is said to have

KARACHI: Though political disputes have cooled down after the MQM's meeting with the president, the JUI-F's preference to move away from the ruling coalition and profit-taking by local institutional investors allowed the index to maintain itself beyond the 11,800 level but unable to breach the 11,900 level.
As expected, foreign investment fell to minimal level during Christmas holidays. The KSE 100 index closed at 11825.06 after losing 18.59 points, while the KSE 30 index gained

KARACHI: Earnings and payout mania was duly energised by positive vibes from the visiting Chinese delegation, thus allowing main board stocks at the KSE to lead early gains, despite gloomy economic, financial and political environment.
The KSE 100 index closed at 11843.65 after gaining 57.56 points, while KSE 30 index closed at 11388.13 with a gain of 73.89 points. The all share index closed at 8288.63 and accumulated 39.55 points.
The total volume stood at 87,207,088. A

KARACHI: Trading in the shares of almost two dozen companies listed at the Karachi Stock Exchange (KSE) is suspended for the last two months, Pakistan Today learnt Wednesday.
At least 22 companies from various sectors such as textile, mutual fund, insurance, dairies, ceramics etc., have been under fire since October for not complying with the orders of KSE management.
Pakistan Industries and Commercial Leasing Limited, Dadabhoy Sack Limited, Business and Industrial

KARACHI: The sale of British petroleum (BP) assets to United Energy Group (UEG) for $775 million stirred the markets, as it raised the profile of the energy sector with its value likely to rise.
Rumors of imminent revaluation of all oil stocks rocked the market, which reached a new high of 11,786 points, to close 113 points above yesterday's closing. With Ashura holidays raising security fears and leading on to a long weekend, investors had been expected to play safe, evident

KARACHI: The local bourse maintained its positive momentum, with the benchmark KSE 100 index propelling by 76 points to the 11,673 level.
Volumes stood at 142m, against an average of 173m seen during December, due to upcoming religious holidays. OGDC, the index heavyweight scrip, was on the move contributing 11 points to the index's ascent.
Banking giants, MCB and HBL were also vibrant, adding 19 points to the index. NBP breached its traditional barrier of Rs 70/share and

KARACHI: Pakistani stocks ended lower on Monday led by selling in the banking sector, after Moody's Investors Service downgraded the local currency ratings of some major Pakistani banks, dealers said. Moody's Investors Service on Friday downgraded the ratings of five of the biggest banks in Pakistan, including National Bank of Pakistan (NBP), MCB Bank (MCB) and United Bank Ltd (UBL).
The Karachi Stock Exchange's benchmark 100-share index ended 0.20 percent, or 23.46 points, lower

KARACHI: Authorities at the Securities and Exchange Commission of Pakistan (SECP) have appointed favoured individuals as chairmen and nominee directors at the Karachi Stock Exchange (KSE) at their sole discretion for the last several years.
The apex regulator is apparently installing its preferred candidates at the helm of KSE, who do not possess requisite knowledge about the country's largest equity market. Even inductions are said to have been 'unilateral' in nature as

KARACHI: The local bourse sustained impetus and broke the barrier of 11,600 points after 127 weeks. International oil prices crossed $90 per barrel during the week, which bode positive for the oil sector, as was reflected in the sector's performance, up by a weekly 1.7 percent.
On the macro front, inflation spiked to an 18 month high of 15.48 percent due to a spillover effect of the floods and surging energy prices. Furthermore, WTO's rejection of agreeing to export duty free

KARACHI: March of the bulls to Northville achieved another milestone as KSE-100 index hit the highest intraday level of 11,676 since the setting of floor in August 2008.
The KSE-100 index closed at 11,620.15 after gaining 51.06 points, while the KSE-30 index closed at 11,184.53 after gaining 29.90 points. The all share index closed at 8,118.28 after gaining 39.53 points. Total volumes stood at 137,075,873 and total value stood at 4,356,133,280. A total of 252 scrips advanced, 117

KARACHI: The energetic bull fueled the index and crashed all hurdles, gaining 199 points. The benchmark index traded at the highest level of the year and provided much required boost and excitement to investors.
The KSE-100 index stood at 11629.93 following an accumulation of 198.92 points, while the total volume and total value stood at 135,368,265 and 7,765,141,348 respectively.
Exploration & Production and banks were in the limelight, driven largely by support from

KARACHI: The benchmark index of the Karachi Stock Exchange (KSE) is poised to hit the 12,000 points mark in coming weeks due of the sustained inflow of foreign investment, expectation of strong results to be posted by banks, fertiliser companies and the launching of the GDRs of large public entities.
Foreign investors have injected around $21 million in the Karachi Stock Exchange in last three days that was one of the few important indicators of further growth in the stock

KARACHI: Despite the hike in discount rate, the benchmark index underwent a massive surge during the week as it gained over 261 points. The average volume was 165 million, significantly greater than the average daily volume for the current year.
The KSE-100 ended Friday at 11,407 level, gaining a weekly 2.3 percent to close at the highest level since July 10, 2008. Average daily volumes rose by 150 million, showing a weekly boost of 27 percent. The index ascent was inexorable as

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,

KARACHI: Mystery shrouds the Karachi Stock Exchange (KSE) where the director general of Federal Investigation Agency (FIA) is due next week to, it is believed, initiate a probe into alleged money laundering at the country's largest stock market. Persistent rumours indicate DG FIA Waseem Ahmed will be visiting the KSE on Monday to hold a meeting with the management and members of the local bourse.
Some are viewing the rare visit as the first salvo in a concerted campaign to

KARACHI: The KSE index augmented 92 points during the short week, just before Eid, while the average volume stayed over 69 million shares. Following Eid holidays, investors and traders were initially inexorable as the index registered a gain of 240 points at pace.
However, the energetic bull suddenly lost substantial energy as the index was unable to sustain its level whereas profit taking by investors resulted in a loss of 70 points before Friday's minor gain of nine points.

KARACHI: The market sustained a volatile behavior as the KSE-100 index oscillated in the range of 11,229 and 11,109 points. The market aimed for a new high in the present bull run at the day start. However, selling pressure later in the day brought the KSE to correction phase. The KSE-100 index dwindled 19 points and closed at 11,135 points.
This particular volatility is linked with the upcoming monetary policy announcement on the 29th of this month, as investors booked profits