With DAPs price rising to Rs150 per bag Fauji Fertilizer Bin Qasim Limited propelled itself on top of the KSE-100 volume leader board with 6.4 million shares. While the market point gain…
With stock brokers en bloc having issues with the government on the way trade and the bourses have been taxed, volumes in the market are at an all-time low for years. That…
While Islam restricts the lending and borrowing of money, that is, with regards to the charging or paying of interest, it encourages interest-free lending as the least form of charity. It is…
KARACHI – The local bourse witnessed yet another lackluster day as negative sentiment prevailed. As a result, the benchmark KSE-100 index slides by nine points down at 11,675. The KSE- 100 index closed at 11,674.83 with the loss of 9.40 points and total volume stood at 36,325,284 along with the total value of 2,039,775,733. The KSE-30 index gained 1.22 points to close at 11,397.22 and All Share index closed at 8,181.57 after losing 3.6 points. A total of 148 scrips advanced, 120
KARACHI – The KSE-100 witnessed a lackluster trading session as investors remained largely sluggish due to the absence of encouraging market factors. Hence, the KSE-100 closed down 37 points at 11,869 with volumes falling by 11 percent from Friday to 60 million shares.
The upcoming result season is expected to revive investor interest and increase market participation. Second tier stocks dominated the volume chart today with NICL, DGKC, PACE and JSCL making up 24 percent of the
KARACHI – Karachi Stock Exchange (KSE) is set to launch much-awaited margin trading system (MTS) from March 7, 2011, that would bolster the trading volume and sentiment of the market, sources told Pakistan Today on Thursday. From Thursday the KSE has started the mock trading of the shares to be traded under the Margin Trading System with the aim to streamline the system ahead of its launching. Sources said that Finance Minister Hafeez Sheikh is scheduled to visit Karachi Stock
KARACHI – The short week saw the local bourse recover after falling to a low of 11,875 points. News pertaining to approval of Margin Trade System (MTS) triggered the recovery. Average daily volume of 74.21 million shares was fairly low compared to the preceding week.
The bullish momentum, observed from the onset of current year, lost its glory after touching an intra day high on Jan 18, 2011 of 12,768 points. The index return depleted to merely 0.16 percent, largely due to a 98
KARACHI – The Securities and Exchange Commission of Pakistan (SECP) has decided to ban trading in the listed Term Finance Certificates (TFC) that are not covered under Bonds Automated Trading System (BATS). Aimed at ensuring the development and growth of the debt capital market in the county, the SECP move came after the nine-member Review Committee submitted its report to the regulator on BATS.
The decision would come into effect from April 30, said the apex regulator. “The
SEOUL – South Korea will start carbon emission trading between 2013 and 2015 after strong opposition from industry to the government’s initial plan to start in 2013, a presidential secretary said on Monday.
The decision is a breakthrough for the country’s powerful export-led conglomerates which have been pushing for a delay given competitor nations such as Japan and the United States have delayed or shelved emissions trading schemes for now.
“It is no longer an issue
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 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
Lahore – Not all disabled people are lucky enough to afford artificial limbs. Not only that the materials used in the manufacturing of artificial limbs are costly, taxes and duty over the import of these materials adds to the end price of these limbs.
Classified as space age materials owing to their toughness, reliability and lightweight, costly materials used in manufacturing artificial limbs include fibreglass, high grade alloy aluminium, titanium, stainless steel and carbon
KARACHI – The Exploration and Production sector in Pakistan is currently trading at a 23 percent discount in comparison to a historic discount of 28 percent.
Though this convergence is mainly due to the Oil and Gas Development Company, now trading at a mere five percent discount, Pakistan Petroleum Limited (PPL) and Pakistan Oil Fields Limited (POL) are also trading close to their respective historic discounts of 32 percent and 34 percent respectively.
In terms of dividend
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