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Tag Archives: privatisation

Closing: KSE plummets 322 points after PTI show in Lahore

  KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 322.52 points to reach 29383.13 points with a volume of shares 47,072,210 on the first day of trading on Monday, as the political situation is becoming unexpected after a showdown by Pakistan Tehreek-e-Insaf in Lahore. Earlier, the market opened on a negative note and fell down from the weekend closing of 29705 ... Read More »

Weekly review: Bears rally at KSE causes 334 points slump

KARACHI: The Karachi Stock Exchange (KSE) 100-index has lost 334.51 points in the weeklong trading, as it opened at 30015.8 points on Monday and closed at 29681.29 points on Friday. On Monday, the first day of trading, KSE lost 21.93 points to stand at 29993.87 points as the country has been facing multifarious challenges these days. Earlier on Monday, the ... Read More »

Weekly review: Rupee steadier trend persists

LAHORE: The US dollar lost 10 paisas in inter-bank and 5 paisas in open market against Pakistani rupee during the weeklong trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 102.7 on Monday and 102.6 on Friday against rupee, while, in open market its value was 102.9 on Monday and 102.85 on Friday, ... Read More »

Closing: Bears chase KSE, week ends on 259 points loss

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 258.98 points to stand at 29681.29 points and volume of 86,490,530 shares on last day of trading, Friday, as the routine life in Karachi came to a halt after MQM chief Altaf Hussain asked his workers to stage sit-ins across the city following the arrest of workers. Earlier, 100-index witnessed fluctuation in trading ... Read More »

Closing: KSE further plunges 155 points on Thursday

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 155.53 points to stand at 29940.27 points and volume of 5,708,428,194 shares on Thursday, as the market added to yesterday’s losses. Earlier, the market opened on a negative note and kept on losing points, as the bearish trends added to the overnight losses. The stocks could not gain momentum as profit-taking took ... Read More »

Closing: KSE loses momentum, closes at 30095.80 points

KARACHI: Karachi Stock Exchange (KSE) 100-index lost 47.97 points to stand at 30095.80 points and volume of 103,676,850 shares on Wednesday, as the market could not sustain yesterday’s gains of 149 points. Stocks market opened at the overnight closing of 30143 points and consolidated its early rally and benchmark KSE-100 index kept on upwards march to gain 183 points to ... Read More »

Gold price up in int’l market on strikes against ISIS

SINGAPORE: “Gold added to overnight gains on Wednesday as Asian shares retreated, but investors remained cautious,” agencies reported. As per details, the US-led strikes against militants in Syria failed to sustain the gold prices in international market, even the precious metal is traditionally seen as a safer bet during times of political uncertainty. Moreover, the tensions in Syria, however, curbed appetite ... Read More »

Australian dollar weakens, pound joins the rally

LONDON: The British pound, to take advantage of weak Australian dollar, has joined other low-yielding major currencies like the US dollar and euro, as the broader Australian dollar exchange rate complex suffers fresh weakness. Sources said that independent foreign exchange providers will be able to deliver up to 5 percent more exchange rate when compared to bank in many instances. ... Read More »

LSE makes slight gains, touches 5457 level

LAHORE: The Lahore Stock Exchange (LSE) 25-index gained 12.73 points to reach 5457.85 points on Tuesday. The LSE witnessed slight growth as 99 companies took part in today’s trading, in which 40 recorded increase in shares value while nine companies witnessed and 50 remained stable. The highest increase witnessed in prices of Mari Petroleum Limited. The Bank Al-Falah’s 200,000 shares ... Read More »

Closing: KSE gains 149 points, ends above 30,000 mark

KARACHI: Karachi Stock Exchange (KSE) 100-index gained 149.90 points to close at 30143.77 points on Tuesday, amid the confusions and concerns which have been haunting the market for past few days. Earlier, in the morning, the investors started trading very carefully, keeping current political standoff in mind, due to which KSE 100-index shed 21 points to stand at 29972.87 points ... Read More »

Closing: KSE plunges further on start of week

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 21.93 points to stand at 29993.87 points on the first day of trading on Monday, as the country has been facing multifarious challenges these days. Earlier, the market started the week on a positive note and went up 34 points or 0.11 percent to reach 30049.91 points in morning session. However, the ... Read More »

Weekly review: Rupee firms in inter-bank, weakens in open market

LAHORE: The US dollar lost 20 paisa in inter-bank and gained 5 paisa in open market against Pakistani rupee during the weeklong trading from Monday to Friday. As per detail, the value of dollar in inter-bank market was 102.6 on Monday and 102.4 on Friday against rupee, while, in open market its value was 102.85 on Monday and 102.9 on ... Read More »

Weekly review: KSE remains under pressure due to political impasse

KARACHI: The Karachi Stock Exchange (KSE) 100-index has lost 16.36 points in the weeklong trading, as it opened at 30044.89 points on Monday and closed at 30028.53 points on Friday. The KSE witnessed bearish trend most of the days as the market kept on fluctuating amid investors’ concerns for political uncertainty and economic losses on account of devastating floods, especially ... Read More »

Closing: KSE rally falters half way, loses 65.63 points on last trading day

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 65.63 points to stand at 30028.53 points on the last day of trading on Friday. As per details, the market opened with a positive note and added 48 points or 0.16 percent, the tone remained sluggish amid flurry of political developments. The KSE-100 index went down 21.2 points from overnight tally of ... Read More »

Closing: KSE index plunges on political uncertainty

KARACHI: The Karachi Stock Exchange (KSE) 100-index plunges 42.41 points to stand at 30094.16 points, as indiscernible effects of institutional profit-taking, political uncertainty and flood devastation kept the KSE-100 index in red zone The KSE-100 index, opened at overnight closing of 30136 points and kept on fluctuating amid investors’ concerns for political uncertainty and economic losses on account of devastating ... Read More »

Dwindling Pak rupee

Pakistani rupee is under pressure again, losing value against US dollar in inter-bank and open markets day by day. Once upon a time, rupee was attached with UK pound and all the payments used to be made in pound sterling, but was shifted to dollar in early 70s. Rupee had never been valueless even during the united Pakistan despite a ... Read More »

Closing: KSE slides 75 points as bears haunt back

KARACHI: The Karachi Stocks Exchange (KSE) 100-Index lost 75.31 points to reach 30104.99 on Wednesday as the ongoing political unrest spread confusion among the investors. The KSE 100-index opened at 30180.36 and made trade of total volume 108,694,110 shares. Although it was a volatile opening in the Karachi Stock Exchange as stocks went down sharply, the KSE-100 index recovered quickly ... Read More »

Rupee strengthens in inter-bank, weakens in open market

KARACHI: The Pakistani rupee strengthened in inter-bank against US dollar on Wednesday, after many days downtrend in market due to floods and political chaos in the federal capital. As per details, the US dollar weakened 20 paisa to reach 102.5 in inter-bank and strengthened 5 paisa to 102.9 in open market against Pakistani rupee on Wednesday. On Tuesday, the US ... Read More »

Closing: KSE on upward drive, adds 110 points

Closing: KSE shows buoyant mood, adds 110 points KARACHI: The Karachi Stock Exchange KSE-100 index on Tuesday in its buoyant mood added to its yesterday gains, taking the points tally to 110.17 to reach 30180.30 points. The KSE-100 index, opened at 30070.12 points with a buoyant mood and kept upward march, gaining 203 points to reach the level of 30273 ... Read More »

Dollar up 30 paisa in inter-bank due to increased demand

KARACHI: The Pakistani rupee weakened in inter-bank and strengthens in open market against US dollar on Tuesday. As per details, US dollar strengthened 30 paisa to reach Rs 102.7 in inter-bank and weakened 5 paisa to reach Rs 102.85 from earlier Rs 102.9 in open market. On Monday, the US dollar strengthened against Pakistani rupee in inter-bank and open market ... Read More »