Tag: Kse

KARACHI: The Karachi Stock Exchange exhibited profit taking at inflated levels as investors preferred to book gains following FBR's announcement to impose a one time flood surcharge of ten percent on collection of Capital Gains Tax (CGT). However, the mechanism for the applicability of this has not been mentioned in the Finance Amendment bill.
The KSE100 index closed at 11154.83 after it lost 16.26 points, while the KSE 30 index closed at 10768.51 following a loss of 54.11points.

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

KARACHI: Pakistan's Equity Market rose today, with the local bourse, recording a 28- month high with oil scrips distinguished in the bull-run. The benchmark KSE-100 increased by 240 points to close at the 11,206 level.
The local bourse was electrified and recovered to the 11000 benchmark, with the KSE-100 index closed at 11205.84 after gaining 239.84 points, while KSE 30 index closed at 10837.18 after gaining 240.72 points. The share index closed at 7793.49 after gaining 161.15

KARACHI: The Karachi Stock Exchange (KSE) was range-bound on Monday as investors remained on the sidelines ahead of the Eid holidays and also amid proposed increases in taxation.
However, news about the surprise package likely to be announced by the US, kept hopes alive and lifted spirits. The benchmark KSE-100 Index went up by 36 points to close at the 10,909 level.
Even though expectations of a waiver of Pakistan's debt seem far-fetched, the remote possibility also had a

KARACHI: The Karachi Stock Exchange underwent a gradual rise in traded shares as a flurry of positive news this week stimulated investor participation. The traded shares increased from an 81 million on Monday to 195 million on Friday.
The activity had been dull initially, but the much awaited resolution of the turnover tax issue (lowered to 0.5 percent again), word of an oil discovery and a hike in oil prices acted as a catalyst, especially for the energy scrips.
The index

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

KARACHI: Pakistani stocks ended more than 1.3 percent higher on Tuesday on the back of strong foreign purchases following an increase in international oil prices, dealers said.
The Karachi Stock Exchange's benchmark 100-share index ended 1.36 percent, or 143.60 points, higher at the level 10,681.87. Volume was 108.16 million shares compared with 80.54 million shares traded on Monday.
"The rise in international oil prices verging on $84 per barrel played as a catalyst role

KARACHI: The government-nominated board directors of Karachi Stocks Exchange (KSE) are inclining towards resignation, after the clash with member directors over the appointment of a chairman and managing director from outside the organisation, escalated.
The member directors of KSE board, in a meeting Monday, allowed General Manger Operation Haroon Askari to take the helm of KSE as acting managing director after the departure of Adnan Afridi. Unconfirmed reports on Monday hinted

KARACHI
The market was forecast to perform poorly but the price hike of OGDC shares in the first half hour of the day boosted morale on the ground allowing the market to not only maintain its own, but move ahead, to 10,758 points. OGDC rose to a four year high level after it posted an increase in revenue of 39% in the first quarter.
Index heavy weight OGDC contributed heavily towards the overall gain in the index after announcement of its strong showing. The benchmark KSE

KARACHI
The KSE 100 index closed 46 points down, despite the precedent set by positive corporate results and decent trading volumes in the previous trading sessions.
A short break was expected before continued progression towards the 11,000 mark, given the KSE-100's unabated expansion of 2.3 percent during the last four trading sessions. The index touched its peak level of 10,748 in the opening hours of the trading session, but selling pressure subdued the impetus of buying

KARACHI
Comprehensive earning in the Karachi Stock Exchange (KSE) for financial year of 2010 is down by Rs 239.451 million and has declined by a surprising 78 percent. As indicated in KSE's Annual Report 2010, total comprehensive income of the KSE for the year under review decreased to Rs 67.329 million compared to Rs 306.78 million earned the year before.
"Besides the unpopular Capital Gains Tax (CGT), the heavy remunerations, especially, that of management are key factors

KARACHI
The local bourse exhibited a sustained positive thread as investors poured money into the market in the hope of reaping rewards from positive results; the KSE 100 index gained 51 points.
The market opened on an encouraging note, after a statement by the Foreign Minister that Pakistan would receive a $7.5 billion grant from the US over the next five years.
All top shelf securities PTC, PSO, POL, NBP, FFC, MCB, ENGRO, PPL and NML performed extremely well and

KARACHI
A record increase in the foreign exchange reserves and birth of a soft corner over law and order situation jacked up the Karachi Stock Exchange 100-Index by 93.74 points on Friday as it closed at 10,652 points. The volume of trading also climbed to 114.67 million shares, as investors traded shares worth Rs 5.11 billion on Friday.
High trading activity kept the volume generating machine busy as the benchmark index hit a six month high, primarily associated with an

KARACHI
The outgoing managing director of Karachi Stocks Exchange (KSE), Adnan Afridi, has apparently diverged from his original decision regarding his departure from his position within the organisation.
The fresh development came to the surprise of many card holders most of whom were, according to rumours, relieved to see the back of the 'heavily-paid' managing director. Afridi's departure was seemingly, amicably agreed and he was therefore expected to leave the KSE this

KARACHI: The KSE-100 Index, finally losing its momentum, went up by 47 points within a few minutes of the trading session but then lost its bearings and on closing had lost 20 points.
Experts believe that the bullish run might have created a transaction heavy market condition with equilibrium restored in a short-term correction. The escalating row between the government and the judiciary may also have hurt morale and reduced volume traded. Support from external investors remains

KARACHI: Karachi Stock Exchange (KSE) has decided to introduce a new Negotiated Deal Reporting System (NDRS) for equity and debt market segments, which aims to account for greater transparency and allows reporting all off-market transactions in real time.
According to a notice issued by the KSE, currently all off-market transactions are reported via the special interface provided to members on their NCHS terminal. Members are obliged to report the exchange all off-market

KARACHI: The KESC has maintained a heightened level of trading, continuing its winning streak. The main board stocks faced off-loading mainly by the local corporate participants, resultantly KSE 100 index gained 28 points.
The 100 index closed at 10437.58, while all shares index closed at 7294.31 with the gain of 20.86 points. The activity by off-shore participants in the index heavy weight kept the positive numbers alive on the benchmark.
High turnover in below par