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Tag Archives: Red Zone

Bears haunt skeptical stocks as KSE loses 454pt, 1.43%; down to 31235pts

KARACHI: Skeptical Karachi Stock Exchange benchmark 100-index plummet record 454 points or 1.43 percent to 31235.96 points due to vagaries till midday on Tuesday. It seems bears haunt bourses as index plunged into red zone at the opening, losing 24.43 points or 0.08 percent to down to 31665.67 points in early trading. Although the KSE-100 index up by 100.28 points ... Read More »

Chinese govt declares KPK ‘red zone’ for investment

ISLAMABAD: The Chinese government has declared Khyber Pakhtunkhwa (KP) ‘red zone’ for investment. The decision is likely to have serious repercussions on investment in KP. The provincial government has shown concern and urged the federal government to request the Chinese government to change the decision. It was revealed in a report issued by the KP Exploration and Production Investment Board ... 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: KSE firms gains, up 485 points amid stiff politicking

KARACHI: The Karachi Stock Exchange’s benchmark KSE-100 on Tuesday consolidated its upward march and gained 485 points or 1.70 percent to reach 28979.47 in the midday trading, defying the prevailing bleak political scenario triggered by the ongoing sit-ins and subsequent police-protesters clashes at Red Zone in the federal capital. Despite gloom and doom prevailed across the political spectrum, the KSE-100 ... Read More »

Opening: Stocks shrug off overnight loses, gain 364 points amid flurry of speculations

KARACHI: Despite the gloom and doom prevailing across the political spectrum and persisting standoff, the Karachi Stock Exchange KSE-100 index shrugged off overnight losses and started the day with a positive note, gaining 364 points or 1.28 percent to cross 28858.77 in early trading on Tuesday. The market seems to have been responded to the optimism fuelled by hopes pinned ... Read More »

Effects of protest rallies on business  

LAHORE (AFTAB AFZAL RANJHA): Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri are flexing their muscles to inflict heavy damages on the government by entering the Red Zone area in Islamabad. The Red Zone is a highly sensitive area where important government buildings and diplomatic enclave are situated. Any misadventure in the area ... 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 »

Economy suffers as Qadri takes sit-in into Red Zone

ISLAMABAD: Imran Khan’s call for civil disobedience has sparked anger amongst the business community as economy has already suffered billions of rupees losses in a few days of political standoff. The Karachi Stock Exchange lost 222 points on Tuesday as panic and fear gripped the shareholders. On another note, Tahirul Qadri’s call to his die-hard supporters to march towards Red ... Read More »

Tahirul Qadri ready for showdown in Red Zone

ISLAMABAD: The tension rises in Islamabad as the Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri has announced to move sit-in towards Parliament right inside the Red Zone. He, however, took a pledge from the protestors to remain completely peaceful and non-violent during the march towards Red Zone. Moreover, Dr Qadri repeated his demand for the arrest of the Sharif ... Read More »

Imran Khan, Qardi sit-ins keep foreign business delegations away

ISLAMABAD: Various high-level foreign delegations, investors and businessmen have cancelled their visits to Pakistan as political unrest gripped the capital city due to Azadi and Inqilab marches of Imran Khan and Tahirul Qadri. Both the leaders have announced to march into the Red Zone where security has been handed over to Pakistan Army. The International Monetary Fund (IMF) cancelled its ... Read More »

Imran Khan gets flak over ‘don’t pay taxes’ call

ISLAMABAD: PTI Chairman Imran Khan’s call for civil disobedience and non-payment of taxes drew stiff opposition from business community, industrialists and chambers of commerce. They described Imran’s political approach as negative and questioned the logic behind his call for non-payment of taxes and utility bills. As per details, the Lahore Chamber of Commerce and Industry (LCCI) rejected the call for ... 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 »