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Tag Archives: political turmoil

Midday: KSE in bid to recoup losses

KARACHI: After five consecutive bearish days, Karachi Stock Exchange 100-Index Tuesday witnessed positive rally and gained 73.37 points to reach 29784.49 points with the total volume of 32,154,400 shares till midday. 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. The index observed the highest trading ... Read More »

FBR collects Rs63b ‘more’ revenue in July-Sept

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs563 billion in July-September of current fiscal year as compared to last year’s Rs500 billion, showing growth of 12 per cent. However, there is Rs20 billion shortfall as FBR collected Rs563 billion during the first quarter FY 2014 against the target of Rs583 billion. Sources said that despite the ongoing political turmoil, ... Read More »

World Bank lauds Pakistan’s economic growth

WASHINGTON: The World Bank, in its report, has lauded the Pakistan’s economic progress made during the current financial year. According to World Bank report on South Asia’s Economic Opportunity, the country’s 4.1 per cent GDP growth is the highest in seven years amid prolonged political turmoil in Pakistan. The report said that manufacturing sector backed by availability of energy and ... Read More »

Midday: Bears rout KSE bid for rally, sheds 111 points

KARACHI: It seems the bears have haunted back the Karachi Stock Exchange as the benchmark KSE-100 index plummet by almost 111 points from the overnight closing of 30180 points to 30081.71 point or 0.37 percent in the midday trading on Wednesday. Although it was a volatile opening in the Karachi Stock Exchange as stocks went down sharply, the KSE-100 index ... Read More »

Midday: Stocks keep on rallying amid devastating flood

KARACHI: Cautious optimism kept the stocks racing forwards as Karachi Stock Exchange KSE 100-index gained another 59 points or 0.20 percent to 29787 points in midday trading. Although the enormity and severity of crises have worsened with the ongoing flash flood, the stock exchange seems to have chosen the middle way. The market plunged to 29712.11 in the opening hours ... Read More »

Closing: KSE stands ground, up by 335 points

KARACHI: The Karachi Stock Exchange KSE-100 index on Wednesday continued its buoyant mood and added to its gains, taking the points tally to 335.26 to reach 29595.55 points as consensus between major political stakeholders to protect the parliament and democracy brought confidence in market. The KSE-100 index, opened at 29260, kept on marching upward and taken the total trade volume ... Read More »

Midday: Bull run continues as KSE-100 index gains 302 points

KARACHI: The Karachi Stock Exchange KSE-100 index on Wednesday continued its buoyant mood and added to its gains, taking the points tally to 302 or 1.3 percent to reach 29,562 in the midday trading. The market opened with positive sentiments and kept on marching upward amid flurry of hectic politicking in the federal capital to end the weeks-long standoff. Though ... Read More »

Midday: KSE loses 297 points as political heat rises further

KARACHI: The three-week-long tumultuous political situation and use of brute force to quell the protesters by police for second consecutive day took its toll on the stocks as Karachi Stock Exchange KSE 100-index lost 297.03 points or 1.04 percent to fall to 28,270.71 in midday trading on Monday. The market opened on a depressing note over political turmoil and straight ... Read More »

KSE gains 34 points amid signs of respite in Red Zone

KARACHI: Karachi Stock Exchange (KSE) 100-index has gained 34.72 to reach 28664.84 points mark as the Prime Minister vows to ease the tension between government and protesting parties, deciding to woo PTI Chief. The KSE, the other day, witnessed bearish trend, losing 222 points to reach the level of 28,630 points due to the announcement of march on Red Zone ... Read More »

Imran’s march on Red Zone: KSE sheds 222 points

KARACHI: The prevailing political turmoil continued to take toll on all sorts of economic activities across the country as stocks saw a huge fall as Karachi Stock Exchange-100 Index declined by more than 222.03 points and reached the level of 28,630 in today trading session. Analysts reflected that if the current political scenario prevailed, the situation in stocks would also remain ... Read More »

IMF tranche likely next month as 4th review concludes

ISLAMABAD: With two more waivers for non-compliance, the government and the International Monetary Fund (IMF) are reported to have completed 4th review of $6.8 billion bailout package, paving the way for disbursement of a $550 million tranche to Pakistan likely early next month. Finance Minister Ishaq Dar reached Dubai on Sunday where concluded talks with the IMF mission to Pakistan ... Read More »

Azadi, Inqilab marches cause colossal loss to economy

ISLAMABAD: The uncertainty and turmoil caused by the Azadi and Inqilab marches of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) have adversely affected the economic activities and have caused colossal losses to the industry to the tune of billions of rupees. The prevailing political impasses has also shaken confidence of the foreign investors and brought the import/exports activities to ... Read More »

Azadi march likely to affect talks with IMF

ISLAMABAD: The current political turmoil can affect talks between Pakistan and IMF authorities scheduled for August 6 to 18th, as Pakistan has entered into fourth review of the $6.8 billion programme with the International Monetary Fund. Sources in the Finance Ministry privy to Customs Today that the political episode created by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek may endanger the ... Read More »