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Author Archives: Shahid Imran

Closing: KSE crashes on volatile trading, losing 1031pts in single day

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 1030.79 points or 3.44 percent to reach 28927.04 points and volume of 207,041,810 shares on Monday. The KSE 100-index further down by 3.80 per cent or 1139.27 points to a three-month low at 28818.56 till the midday. The Stocks remained under pressure for the first day of trading week with the total ... Read More »

Closing: No reprieve for bearish KSE, down 224pts amid ‘volatile’ Karachi

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 224.22points or 0.72 percent to reach 31086.51 points and volume of 67,381,810 shares on Wednesday. The KSE witnessed fluctuation as benchmark KSE-100 Index reversed some initial losses but still faced 25.27-point loss at 31285.46 in mid day trade on Wednesday  as compared to 31199.37 of early trade of the same day. The Index ... Read More »

KSE recovers 348pts, up 1.11% following SBP positive reports

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 348.64 points or 1.11 percent to reach 31800.26 points and volume of 101,279,390shares on last day of trading week, Friday. Following the SBP report that the current account for February 2015 showed a surplus of $877 million, and that remittances have been increasing with an average of over 14 percent, the KSE-100 ... Read More »

KCCI asks Dar to stop illegal trade of dry coconut on LOC

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has asked Federal Finance Minister Ishaq Dar to curb illegal trade between Azad Kashmir and Indian Occupied Kashmir. In a letter sent to the finance minister, the KCCI president stated that some of the firms have complained about misuse of Cross LoC Trade between Azad Kashmir ... Read More »

Closing: KSE recovers 348pts, up 1.11% following SBP positive reports

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 348.64 points or 1.11 percent to reach 31800.26 points and volume of 101,279,390shares on last day of trading week, Friday. Following the SBP report that the current account for February 2015 showed a surplus of $877 million, and that remittances have been increasing with an average of over 14 percent, the KSE-100 ... Read More »

Closing: KSE 100-Index keeps bearish track, down 0.23% on foreign selling, security concerns

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 73.36 points or 0.23 percent to reach 31451.62 points and volume of 66,602,260 shares on Thursday. Yesterday, KSE-100 Index declined 2.5%, or 817.28 points, to close at 31,524.98 points. The uncertainty stemmed from political developments as well as gloomy atmosphere following killing innocent people in acts of terror in Lahore and other ... Read More »

Closing: KSE keeps bearish track, down 0.23% on foreign selling, security concerns

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 73.36 points or 0.23 percent to reach 31451.62 points and volume of 66,602,260 shares on Thursday. Yesterday, KSE-100 Index declined 2.5%, or 817.28 points, to close at 31,524.98 points. The uncertainty stemmed from political developments as well as gloomy atmosphere following killing innocent people in acts of terror in Lahore and other ... Read More »

Shipping activity at Port Qasim

KARACHI: Shipping activity remained active at the port where two ships carrying containers, berthed at Qasim international containers terminal respectively. Meanwhile, five more ships carrying containers, crude oil, gen.cargo, furance oil and diesel oil also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was 45 percent at the port on Thursday where five ships namely ... Read More »

KSE sheds 817pts, down 2.53% to end at year’s lowest level

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 817.28 points or 2.53 percent to reach 31524.98 points and volume of 140,746,350 shares on Wednesday. Paring the initial loss of 71.73 points, KSE-100 Index plummeted to 31852.53 points from early-day level of 32270.53 points by falling 489.73 points or 1.51 percent till mid day trade on Wednesday. Due to continuous foreign selling, ... Read More »

KPT Shipping Movement Report

KARACHI: Following were the movement of ships at Karachi Port during the last 24 hours, ending at 0700 hours on Wednesday. SHIPS SAILED: X-Press Khlash  Cont Corvette Cont Shalamar Tanker Asavari Tanker Chang Hang Huai Hai G C   SHIPS BERTHED: Asavari Tanker Lady Astrid Tanker BW Zambesi Tanker EXPECTED SAILING: EXPECTED SAILING DATE Peace Angel 18/03/15 Lady Astrid 19/03/15 ... Read More »

Closing: KSE sheds 817pts, down 2.53% to end at year’s lowest level

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 817.28 points or 2.53 percent to reach 31524.98 points and volume of 140,746,350 shares on Wednesday. Paring the initial loss of 71.73 points, KSE-100 Index plummeted to 31852.53 points from early-day level of 32270.53 points by falling 489.73 points or 1.51 percent till mid day trade on Wednesday. Due to continuous foreign selling, ... Read More »

Federal government to establish Dry port in Sargodha District to boost kinnow export  

SARGODHA: Federal Parliamentary Secretary,Barrister  Mohsin Shahnawaz Ranjha said Dry Port project was vitally needed in the district for increasing exports of Kinnow and other products. Parliamentary Secretary for Information and Broadcasting was chairing a meeting of the stakeholders here on Wednesday. Mohsin Ranjha said according to an estimate 6000 containers of Kinnow could be exported from the dry port annually, ... Read More »

Shipping activity at Port Qasim

KARACHI: Five ships carrying containers, chemical, crude oil and edible oil berthed at Qasim international containers terminal, Engro vopak terminal, FOTCO terminal and liquid cargo terminal respectively. Meanwhile, three more ships carrying containers and iron ore also arrived at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was 55 percent at the port on Wednesday where six ships ... Read More »

ANF foils bid to smuggle heroine  

RAWALPINDI: Anti Narcotics Force (ANF) foiled a bid to smuggle drugs worth millions and arrested the smugglers here on Tuesday. Acting on a tip-off, ANF team stopped a Toyota corolla car bearing registration no.BT-755-IT and Honda civic car no LXF-5801 near New Katarian Bridge in city area and recovered 12.5 kilogram Heroin from the hidden parts of both vehicles. Hazrat ... Read More »

NAB’s Committee on FBR recommends efforts to document economy  

ISLAMABAD: The Prevention Committee on Federal Board of Revenue (FBR), constituted by National Accountability Bureau (NAB) recommended that more dedicated efforts should be made to document the economy here on Tuesday. The Committee also suggested that Automated Income Tax System in FBR Should be fully functional so that doors of corruption and misuse of power by Tax Collectors could be ... Read More »

FC foil Iranian diesel smuggling bid

QUETTA: Baluchistan Frontier Corps (FC) foiled illegal oil smuggling bid by seizing 12,000 liters of Iranian Diesel in Hub area of Lasbella district on Tuesday. A spokesman for FC told APP that working on a tip off, FC personnel reached the site and seized Iranian diesel from a coach which was being smuggled to interior parts of the country. “The ... Read More »

Adiala jail authorities reject reports of ‘special treatment’ to Ayyan Ali

RAWALPINDI: Superintendent Adiala Jail Malik Mushtaq Awan denied all the media reports that accused model and actress Ayyan Ali was being given special protocol in jail. He said neither anybody came to meet Ayyan Ali nor did jail authorities serve her with special meal. “Ayyan Ali ate from jail menu,” he explained. He said that the actress was being detained ... Read More »

Closing: KSE suffers 474pts loss, down 1.44% as terror haunts major trade cities

  KARACHI: The Karachi Stock Exchange benchmark 100-index lost 474.18 points or 1.44 percent to reach 32454.91points and volume of 79,445,430 shares on first day of trading, Monday. The Karachi Stock Exchange Monday witnessed a severe bearish trend and plunged -0.90 per cent or 297 points to 32632 points with the total volume of 40,909,340 shares till midday. The benchmark ... Read More »

Closing: KSE recovers 43pts, up 0.13% amid uncertain security situation in Karachi

KARACHI: The Karachi Stock Exchange benchmark 100-index 43.07 points or 0.13 percent to reach 32582.68 points and volume of 102,309,79 shares on Thursday. The benchmark KSE-100 Index lost the initial gains of 176.15 points it gained in trading and went back to 32491.87 points from 32715.76 points in mid day trading on Thursday. An analyst said rising trade deficit data for ... Read More »

KSE continues with bearish spell, down 0.08% as Rangers raid MQM headquarters

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 26.98points or 0.08 percent to reach 32539.61 points and volume of 111,607,520 shares on Wednesday as Sindh Rangers raided Muttahida Qaumi Movement (MQM) in Karachi, with the party claiming that several leaders had been arrested, worsening security situation. The Karachi Stock Exchange witnessed bearish activities with shares price falling continuously in early ... Read More »