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Tag Archives: shares

Hong Kong shares close at 0.63pc lower

HONG KONG: Shares of Hong Kong ended at 0.63 percent lower on Wednesday after data showed growth in service industry of China. The Hang Seng Index eased 150.04 points to 23,695.62 on turnover of HK$67.15 billion ($8.66 billion). Shanghai Composite Index fell 0.47 per cent, or 11.43 points, to 2,419.25 on turnover of 201.9 billion Yuan ($32.8 billion). The Shenzhen Composite ... Read More »

Govt starts selling 10pc OGDCL shares today

ISLAMABAD: The federal government will start selling 10 per cent shares of Oil and Gas Development Company Limited (OGDCL) worth Rs750 million from (today) Wednesday. The partial privatisation of OGDCL is being carried out to pay off the International Monetary Fund (IMF) loan in December. Pakistan is required to pay off $320 million to IMF by December. According to the ... Read More »

Strong PSO, APL rally led KSE gain 172.44 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index rebounded with 172.44 points to close at 30376.53 points due to strong selected rally in oil marketing companies and auto companies’ shares. The market opened at the overnight closing of 30207 points and kept on upward march. The investors responded positively to the positive trend in the market and remained engaged in trading. ... Read More »

SBP profit increases by 14pc to Rs268 billion

KARACHI: The State Bank of Pakistan’s (SBP) Annual Performance Report has revealed that the central bank has earned huge profit of Rs268 billion for the government during the fiscal year 2013-14. According to the annual report approved by the SBP Central Board of Directors, the bank’s profit increased by 14pc to Rs2.68 billion from Rs235 billion it earned the last ... Read More »

Closing: KSE 100-Index rebounds with 172 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 172.44 points to reach 30376.53 points and volume of 74,527,210 shares on last day of trading, Friday. Earlier in the morning, the market opened at the overnight closing of 30207 points and kept on upward march. The investors responded positively to the positive trend in the market and remained engaged in trading. Buoyancy ... Read More »

OGDCL’s just 7.5pc shares worth $750m being disinvested

ISLAMABAD: State Minister for Privatisation Muhammad Zubair has clarified that the government is not privatising the Oil and Gas Development Company Limited (OGDCL). He said the government would disinvest the OGDCL’s 7.5 per cent shares to generate money that is needed for the country. He further said that neither the company would be privatised nor a single employ would be ... Read More »

Govt not privatising OGDCL, just disinvesting its 7.5pc shares worth $750m: Zubair clarifies

ISLAMABAD: State Minister for Privatisation Muhammad Zubair has clarified that the government is not privatising the Oil and Gas Development Company Limited (OGDCL). He said the government would disinvest the OGDCL’s 7.5 per cent shares to generate money that is needed for the country. He further said that neither the company would be privatised nor a single employ would be ... Read More »

Closing: KSE bounces back, scores 91 points  

KARACHI: The Karachi Stock Exchange (KSE) 100-index 90.85 points to reach 30204.09 points and volume of 81,187,130 shares on Thursday. Benchmark KSE 100-index gained 133.43 points to reach 30246.67 points with the total volume of 42,072,860 shares till midday. Earlier, the country’s biggest stock market started with positive note, recouping two days losses and gained 74.38 points to reach 30187.62 points ... Read More »

Opening: KSE recouping overnight losses, gains 74 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index Thursday started with positive note, recouping two days losses and gained 74.38 points to reach 30187.62 points with the total volume of 2,568,650 shares till 9:45am. On Wednesday, the benchmark KSE 100-index lost 112.38 points to reach 30113.24 points and volume of 169,324,030 shares. Earlier on the day at opening, the KSE showed ... Read More »

NBP profits up by 107pc to Rs12.1 billion in nine months

KARACHI: The National Bank of Pakistan (NBP) has recorded Rs12.1 billion profit-after-tax from January to September in 2014, showing a growth of 107 per cent. The NBP pre-tax profit increased by 143pc to Rs18 billion during in the nine months this year against Rs7.4 billion of the corresponding period of 2013. The bank’s earnings per share (eps) soared up to ... Read More »

Closing: KSE back into red zone amid cautious trading

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 13.34 points to reach 30225.62 points and volume of 101,465,880 shares on Tuesday. Earlier the market opened on a positive note, though investors appeared cautious, the overall sentiments remained bullish. The stock exchange which opened at overnight closing of 30238 points rallied and set the direction for the investors. The bullish trend ... Read More »

Closing: KSE 100-Index extends winning streak, adds 140 points

  KARACHI: The Karachi Stock Exchange (KSE) 100-index gained 140.47 points to reach 30238.96 points and volume of 90,046,030 shares on first day of trading, Monday. Despite gloom and doom prevailed across the political spectrum, the KSE-100 index, opened at 30,098.49 and gained 27.68 points to reach 30126.17 points with total volume of 41,749,800 shares till midday. Earlier, benchmark KSE ... Read More »

Midday: KSE 100-Index maintains upward rally

KARACHI: Started with positive note, the Karachi Stock Exchange (KSE) 100-index witnessed variation in trading till midday as the index observed highest trading of 30247 points and lowest trading of 30098 points. The KSE index gained 27.68 points to reach 30126.17 points with total volume of 41,749,800 shares on the fist day of trading week. Earlier, benchmark KSE 100-index gained ... Read More »

Opening: KSE starts week with bullish trend, gains 111 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index took another good start and gained 111.87 points or + 0.37pc to reach 30210.36 points, with total volume of 2,775,750 shares till 9:45am on Monday, the first day of trading week. The benchmark KSE 100-index opened on negative note on the first day of trading last week, however, gained 206.01 points in the ... Read More »

Tokyo stocks start 0.74% higher

TOKYO: Tokyo stocks started with a positive note and remained 0.74 per cent higher, helped by a stable dollar against the yen and gains on Wall Street last week. The Nikkei 225 index at the Tokyo Stock Exchange was up 112.64 points at 15,404.28 at the start on Monday. The euro was stable after a large majority of eurozone banks ... Read More »

Weekly roundup: Bulls keep hold at KSE 100-Index with 206 score

KARACHI: Severe fight remained continued between bulls and bears at KSE during last week but finally bulls took edge over bears scoring 206.01 points at end of the week on Friday. The Karachi Stock Exchange (KSE) 100-index started with negative note on Monday and maintained this trend till end of the day, losing 171.98 points to finish at 29711.12 points ... Read More »

Weekly review: Bulls beat bears at KSE with 206 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on negative note on the first day of trading, however, gained 206.01 points in the week-long trading, as it opened at 29892.88 points on Monday and closed at 30098.49 points on Friday. On Monday, the KSE lost 171.98 points to reach 29711.12 points and volume of 59,831,040 shares. Continuing volatility of early ... Read More »

Pakistani stocks rise 26% since 2012: The Economist

LONDON: British magazine The Economist has praised the privatisation policy of the government and stock market growth. Praising the privatization policy of the government and stock market growth, the newspaper in an article said that since the start of 2012 MSCI’s index of Pakistani shares has risen by 60% in dollar terms-ahead of global indices as well as Pakistan’s peers ... Read More »

KSE upbeat on strong buying in PSO, Attock Petroleum

KARACHI: The Karachi Stock Exchange (KSE) 100-index continued its bullish trend for third consecutive day in a volatile trading and also maintained 30,000 psychological barrier by gaining 73.36 points to finish 30098.49 points with a volume of 113,364,510 shares on last day of trading, Friday. KSE-30 index went up by 91.21 points as closed at 19,977.30 points as against 19,886.09 ... Read More »

KSE keeps floating on buoyant PSO, K-Electric scrips

KARACHI: The Karachi Stock Exchange (KSE) 100-index continued its bullish trend for third consecutive day in a volatile trading and also maintained 30,000 psychological barrier by gaining 73.36 points to finish 30098.49 points with a volume of 113,364,510 shares on last day of trading, Friday. KSE-30 index went up by 91.21 points as closed at 19,977.30 points as against 19,886.09 ... Read More »