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Author Archives: Shahid Imran

LSE up as Highnoon Laboratories leads session

LAHORE: The Lahore Stock Exchange 25-Index witnessed bullish trend on Thursday and gained 3.21 points to reach 5292.66 points and volume of 1,315,200 shares. About 104 companies took part in today’s trading session, 27 of which witnessed increase in share value and 18 companies lost their share value. The highest increase witnessed in price of the Highnoon Laboratories Limited with ... Read More »

KSE crosses 30,000 level after severe battle between bulls & bears

KARACHI: The Karachi Stock Exchange (KSE) 100-index kept its bullish trend to cross 30,000 barrier on Thursday and gained 84.74 points to reach 30025.13 points and volume of 108,461,400 shares. Earlier, the KSE kept bullish note till midday, crossing psychological barrier of 30,000 and gained 108.83 points to reach 30049.22 points with total volume of 51,230,270 shares. The highest increase ... Read More »

LCCI demands Ferozepur Road Industrial Area be made ‘Industrial Estate’

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government to declare Ferozepur Road Industrial Area as an “Industrial Estate”. The demand was raised by LCCI Vice President Syed Mahmood Ghaznavi while talking to a 10-member delegation of the Ferozepur Road Industrial Association (FRIA) led by its Patron-in-Chief Adnan Butt at the LCCI. Other members of ... Read More »

LSE ends in green

LAHORE: The Lahore Stock Exchange (LSE) witnessed bullish trend on Wednesday and gained 4.0 points to reach 5285.86 points and 2,208,400 shares. As per details, 112 companies took part in today’s trading with 26 advancers and 13 companies lost their share value, while 73 companies remained stable today. The top advancers were BOP with 757,000 shares, Gareb Wall Cement Company ... Read More »

Closing: KSE rebounds on strong leads from Asian, US markets

KARACHI: The Karachi Stock Exchange (KSE) 100-index 246.12 points to reach 29940.39 points and volume of 110,960,050 shares on Wednesday as political tension soothe after the Pakistan Awami Tehreek (PAT) chief ended sit-ins in Islamabad after 67 days. Also positive trends, on international markets, help traders gain confidence as Asian stock markets climb amid hopes of fresh European stimulus. Earlier, ... Read More »

Gwadar Port to have new airport at three times higher cost

  ISLAMABAD: The Central Development Working Party (CDWP) conditionally cleared civil aviation authority’s plan of New Gwadar International Airport at a revised cost of Rs26.6 billion, which is three and a half times higher than the original price. This clearance was given by the Central Development Working Party (CDWP) as the body have the mandate to approve up to Rs3 ... Read More »

Closing: KSE extends slide as rift grows between MQM, PPP

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 16.85 points to reach 29694.27 points and volume of 71,040,950 shares on Tuesday. Earlier, benchmark KSE 100-Index took a good start and gained 142 points to reach 29853.55 stage with the total volume of 16,142,400 shares. After five consecutive bearish days, Karachi Stock Exchange 100-Index Tuesday witnessed positive rally and gained 73.37 ... Read More »

Police close to arrest main suspect of Edhi Centre robbery

KARACH: The police said that they have identified the main suspect of the robbery who had been meeting with Abdul Sattar Edhi for the last few months and he knew about the foreign currency and jewellery at the Edhi Centre. As per details, at least eight armed robbers stormed into the Edhi Welfare Centre in the Mithadar area on Sunday ... Read More »

Closing: KSE plunges 171 points on 1st trading day

KARACHI: The Karachi Stock Exchange (KSE) 100-index started the week on a negative note on Monday and lost 171.98 points to reach 29711.12 points and volume of 59,831,040 shares. Continuing volatility of early trading, Karachi Stock Exchange (KSE) 100-index even could not come out of the pressure till midday, shedding 61.81 points to reach 29821.29 points with the total volume ... Read More »

Weekly review: KSE falls below 30,000 mark, loses 257 points

  KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on a positive sentiments on the first day of trading but lost 257.07 points in the week-long trading, as it opened at 30149.95 points on Monday and closed at 29892.88 points on Friday. On Monday, the KSE gained 235.78 points to reach 30394.41 points and volume of 123,546,050 shares. Earlier on ... Read More »

Closing: KSE tumbles 500 points in 4 days

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 89.57 points to reach 29892.88 points and volume of 84,658,790 shares on Friday, as Pakistan People’s Party (PPP) is going to hold a public meeting at Bagh-e-Jinnah on Saturday which will be addressed by party Chairman Bilawal Bhutto Zardari, formally starting his political career. Overall, KSE 100-Index has lost 500 points in 4 ... Read More »

LSE sheds 36 points to close at 5398 mark

LAHORE: The Lahore Stock Exchange 25-Index has suffered losses on fourth day of trading too and lost 36.42 points to reach 5398.32 points and volume of 1,444,700 shares. About 104 companies took part in today’s trading session with 20 companies with increase in shares, 13 with decrease in value and 71 witnessed stability in shares value. The highest increase witnessed ... Read More »

Closing: KSE surrenders 30,000-plus level, plunges 411 points in 3 days

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 138.54 points to reach 29982.45 points and volume of 80,322,100 shares on Thursday. Earlier, benchmark KSE 100-index took a good start in a bid to recoup losses of the last two days and gained 66.73 points or 0.22 per cent to reach 30187.72 till 10:00am. In midday trading, market shed 50.02 points ... Read More »

LSE ends in black again

LAHORE: The Lahore Stock Exchange 25-Index witnessed bearish trend on Wednesday and lost 18.72 points to reach 5407.76 points and volume of 915,800 shares. About 98 companies took part in today’s trading session. The highest increase witnessed in price of the Thal Limited with Rs 12.27 increase in its share value. Other advancers include Dewan Farooq Motors Limited with 231,500 ... Read More »

CEC declares 33 ‘defaulter’ MPAs in KPK as nonfunctional

ISLAMABAD: The Election Commission of Pakistan (ECP) has issued the names of Members of the Provincial Assembly, Khyber Paktunkhwa who have failed to file their statements of assets and liabilities. “Now, therefore, in pursuance of sub-section (3) of Section 42A ibid and in exercise of all others powers enabling it in that behalf, the Election Commission is pleased to notify ... Read More »

Closing: KSE suffers huge losses, drops 234 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index, adding to yesterday losses, dropped another 234.23 points to reach 30120.99 points and volume of 103,405,260 shares on Wednesday. Earlier, benchmark KSE-100 index opened with positive trend and gained 37 points in morning trading session. In midday trading, market kept on adding to its yesterday losses and plunged 258.30 points, reaching 30096.92 points with volume ... Read More »

Containers removed on Imran, Qadari’s partial evacuation

ISLAMABAD: The Interior Minister has ordered Islamabad police to remove containers deployed in 8 locations of Islamabad since August. Sources said that containers have been removed from Pakistan Television Road, Secretariat Chowk, Convention Center, France Chowk and Radio Pakistan Chowk but police have not received orders to remove containers from Constitution Avenue. It is important to mention here that the ... Read More »

Telecom Policy draft discussed with PTA, stakeholders

ISLAMABAD: Ministry of Information Technology (IT) reviewed the draft of Telecom Policy and discussed it with the stakeholders with an aim to give it a final shape. Telecom operators, Pakistan Telecommunication Authority officials and other relevant stakeholders attended two-day workshop on October 14-15. International consultant briefed the participants about the salient features of the Telecom Policy draft which included policy ... Read More »

Eliminate terrorism to become investment hub, Moody’s tells Pakistan

WASHINGTON: The executives of the world rating agencies Moody’s, Standard & Poors and Fitch Rating agencies said that if the menace of extremism is eliminated, Pakistan will be an ideal market for capital investments. Finance Minister Ishaq Dar held separate meetings with these representatives in Washington. Moody’s and S & P have been declaring their sovereign ratings on Pakistan while ... Read More »

LSE falls amid vigilant trading

LAHORE: The Lahore Stock Exchange 25-Index has lost 37.68 points to reach 5436.90 points and volume of 1232200 shares on Tuesday. About 104 companies took part in today’s trading session. The highest increase witnessed in price of the Millat Tractors Limited with Rs 22.79 increase in its share value. Other advancers include Lafarge Pakistan Cement Limited with 374000 shares, Silk ... Read More »