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Tag Archives: shares

KSE-100 inches closer towards 32000pts mark, soars 1.14% on strong buying, SBP rate cut

KARACHI: Bulls bounced back strongly on back of SBP rate cut of 50pbs and kept their rule at the Karachi Stock Exchange (KSE) again as the benchmark KSE 100-Index surged a considerable 358.72 points or 1.14% to reach 31702.79 points and volume of 172,777,940 shares on first day of trading, Monday. The market started the week in a fashion and picked ... Read More »

Weekly review: KSE observes mixed week, gains 400pts to set new mark

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 400 points in the week-long trading, as it opened at 30,912 points on Monday and closed at 31344.07 points on Friday. On Monday, Bull-run continued to cheer the Karachi Stock Exchange (KSE) as the benchmark KSE 100-Index after crossing highest-ever psychological ... Read More »

Closing: KSE falters on 32,000pts rally, reverses to 31344pts losing 97.75pts

  KARACHI: The Karachi Stock Exchange 100-index lost 97.75 points to settle at 31344.07  points and volume of 9,856,868,839  shares on last day of trading, Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% to settle at 31441.82 ... Read More »

Midday: KSE slips 0.36pc, 100-index drops 113 pts to reach 31329 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index further shed 112.71 points or 0.36 per cent to reach 31329.11 with the total volume of 78,361,130 shares on Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% ... Read More »

Opening: KSE loses upward momentum as 100-Index drops 95pts to reach 31347pts

KARACHI: The Karachi Stock Exchange 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points in early trading on Friday, the last day of trading. The bullish spree broke yesterday when the KSE closed losing 187.38 points or 0.59% to settle at 31441.82 points. Earlier on Thursday, the Karachi Stock Exchange opened at the overnight closing of 31,629 ... Read More »

Closing: KSE tumbles on 32,000pts rally, sheds 187pts to close at 31441.82pts

KARACHI: The Karachi Stock Exchange 100-index lost 187.38 points to settle at 31441.82 points and volume of 160,838,810 shares on Thursday. Earlier, the Karachi Stock Exchange opened at the overnight closing of 31,629 points and continued the spree, adding to the joys of investors and brokers. The market appeared buoyant and steady, reflecting its resolve to cross the new highs. ... Read More »

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »

Closing: Buoyant KSE flying high to cross 32,000pts, registers another 325 points

KARACHI: Bullish stocks adamant to rise high and high and appeared to have set eye on crossing another high of 32,000 points as benchmark KSE-100 index gained another massive 325.57 points to settle at 31629.20 points on Wednesday. The Karachi Stock Exchange continued upward march steadily and all day seems to have gained the confidence to keep the bull-run prevail, ... Read More »

$4b privatisation of SOEs, PIA in doldrums post OGDCL failed sale of 313m shares at Rs216

ISLAMABAD: The government scrapped Oil and Gas Development Company’s (OGDCL) transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned enterprises (SOEs), including national carrier PIA but the plan seems ... Read More »

Weekly review: KSE makes history, nearly touches 31,000 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 553.51 points in the week-long trading, as it opened at 30,376.53 points on Wednesday and closed at 30,930.04 points on Friday. Earlier, the Customs Today predicted that the KSE 100-Index would touch the benchmark of 31,000 points till closing of the ... Read More »

Closing: KSE 100-Index grazes all-time record of 31,000pts with 0.001% on intra-day high of 30999.71pts

KARACHI: The Karachi Stock Exchange (KSE) KSE 100-Index has almost grazed the highest-ever psychological barrier of 31,000 points on Friday with 0.001% with intra-day high of 30999.71 points. KSE gained 266.26 points to close the week on 30930.04 points and volume of 158,275,810 shares on last day of trading, Friday. At a time, it looked that the market would touch or even ... Read More »

IMF’s $1.1b tranches: Govt agrees to sell OGDCL shares at low price of Rs216

ISLAMABAD: The International Monetary Fund (IMF) is behind the government decision to sell Oil and Gas Development Company Limited (OGDCL) shares even at lower prices of Rs216 per share to generate $600-700 million. Sources said that the Fund had linked the $1.1 billion tranches with the sale of OGDCL shares, which have been devalued due to decline in international oil ... Read More »

Closing: KSE maintains all time high position, up 70 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 70.47 points to reach 30663.78 points and volume of 211,621,120 shares on Thursday by maintaining all time high postion. Earlier, stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level till 9:45am. The mark opened at overnight ... Read More »

Ishaq Dar approves sale of 322 million OGDCL shares

ISLAMABAD: Privatization Committee of the federal cabinet in a meeting approved sale of 322 million shares of the Oil & Gas Development Company Limited (OGDCL). A meeting of the Privatization Committee chaired by Minister of Finance Ishaq Dar considered over fixation of the floor price of 10 percent shares of OGDCL. The Privatization Commission in a statement has said that ... Read More »

KSE likely to touch 31,000 pts level this week

KARACHI: The Karachi Stock Exchange (KSE) 100-Index has gained 392 points from Wednesday morning to Thursday midday, which hints that the market will likely to touch all time high level of 31,000 points till closing of trading week. The KSE 100-Index maintained its record breaking rally and further gained 175 points to reach historic 30768.53 points level with total volume ... Read More »

Midday: KSE upbeat at historic figure of 30768, gains 175pts

KARACHI: The Karachi Stock Exchange 100-Index Thursday maintained its record breaking rally and further gained 175 points to reach historic 30768.53 points level with total volume of 111,855,850 shares. Earlier, stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level till 9:45am. The mark ... Read More »

KSE 100-Index gains 162pts, touches another historic peak of 30755pts

KARACHI: Stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level. The mark opened at overnight closing of 595 points and appeared buoyant, maintaining upward trend. The market sustained bullish mood as was indicated by experts and analysts. Market bandits expected that the index ... Read More »

Closing: KSE compensates holidays, adds 216 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 216.78 points to reach 30593.31 points and volume of 133,854,400 shares on the start of trading after Ashura holidays, Wednesday. Earlier, the market began the week on a positive note and the benchmark 100 index kept on upward march, setting the trend for the trading. The Karachi Stock Exchange KSE-100 went up 107 ... Read More »