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Tag Archives: Stock Exchange

Closing: KSE dips deep losing 640pts or 1.79% on profit-taking by traders

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 639.71 points or 1.79 percent to reach 35175.49 points and volume of 164,796,370 shares on first day of trading, Monday. Earlier, the KSE started week with negative note as KSE-100 index lost 36.08 points to drop to 35779.12 points in early trading. On Friday, stocks closed bearish amid 8 year record high ... Read More »

Nigerian stock market dips further by 0.24%

BUJA:  The performance indicator of Nigerian Stock Exchange (NSE) declined further by 0.24%, driven majorly by losses in Mobil Oil Nigeria plc, Guiness Nigeria plc, Presco plc, International Breweries plc, and Okomu Oil Palm plc. The stock market Year-to-Date (YtD) re- turns stood at -14.34% yesterday, as the NSE All Share Index (ASI) depreciated to 29,687.93 points, compared with 29,759.04 ... Read More »

NBP Rs18b profit: leap by 143pc, deposits climb to Rs76b

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 »

NBP earns Rs12.1 billion profit 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 »

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 »

FBR Board-n-Council approves $ 80,000 for human resource development

ISLAMABAD: The Board-n-Council meeting of the Federal Board of Revenue has approved allocation of $ 80,000 for the purpose of human resource development to enhance working capacity of the employees. The Department for International Development (DFID) of British Government is likely to provide an amount of $1.5 million to the World Bank to initiate numerous development projects with FBR. This ... Read More »

OGDCL launches Rs80,796m shares

KARACHI: The Oil and Gas Development Company Ltd (OGDCL) has announced the launching of its secondary offering of ordinary shares and Global Depositary Shares (GDSs). The shares are listed in the Karachi Stock Exchange, Lahore Stock Exchange and the Islamabad Stock Exchange under the symbol ‘OGDC’. Moreover, a statement said the offer would show up to 10 percent of Pakistan’s ... Read More »

Huge Japan stock trade cancelled after possible ‘fat finger’ error

TOKYO: Hundreds of billions of dollars worth of stock orders in some of Japan’s biggest firms had to be cancelled Wednesday, officials said, possibly the result of a “fat finger” error. Over-the-counter orders were placed for shares in 42 companies worth dozens of trillions of yen (hundreds of billions of dollars) in the morning, but were later cancelled, said an ... Read More »

Opening: KSE attempts to recoup losses, gains 36 points

KARACHI: The stocks on Tuesday attempted to rein in bear-run and the Karachi Stock Market benchmark KSE-100 index recouped some of the overnight losses by gaining 36 points or 0.13 percent to reach 29,419.91 points in early trading. Earlier, the market opened at the overnight closing of 29,383 points and showed resilience to offset the bearish trend. The investors remained ... Read More »

Businessmen, daily-wage earners want early end to sit-ins

ISLAMABAD: Businessmen and daily-wage earner in the federal capital want an early end to the sit-ins staged by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek for resumption of normal business and commercial activity. Former president Islamabad Chamber of Commerce and Industry Zahid Maqbool said that the national economy had suffered a loss of Rs1,200 billion to Rs1,300 billion due to the ... Read More »

Sit-ins put billions of dollars foreign investment at stake

ISLAMABAD: The government fears that billions of dollars foreign investment will go down the drain due if sits-ins by the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek continue in the federal capital. “The ongoing PTI and PAT sit-ins have been hitting the national economy hard as foreign investors are reluctant to invest in the country owing to the prevailing political impasse ... Read More »

FBR collects Rs 134b amid Imran, Qadri’s sit-ins

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs 134 billion revenue until August 26 against Rs 110 billion collected during the corresponding period of the last year, depicting a 20 percent increase in the tax collection, said Shahid Hussain Asad, the member of the Inland-Revenue and spokesman for the Federal Board of Revenue (FBR). “The sit-ins by the Pakistan ... Read More »

KSE 100-index down by 275 points

KARACHI: Karachi Stocks Exchange (KSE) 100-Index lost 275.75 points to reach 28243.59 due to prolonged political uncertainty in the federal capital for 12 days. KSE 100-index has started trading at 28519.5 points and gained 90 points in first forty minutes to reach all day high 28609.94 mark but later stock started losing points gradually to end with 275 points loss. ... Read More »

Dar terms Imran’s civil disobedience call unlawful

ISLAMABAD: Finance Minister Ishaq Dar has termed Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan’s call of civil disobedience movement unlawful and unconstitutional. Talking to a private TV channel, he urged the PTI chief to review his decision in the interest of the country. He said that for the past one week the stock exchange had suffered a loss of Rs 350 ... Read More »

Long marches, political upheavals demolish FBR’s efforts: Shahid Asad

LAHORE: Acting Chairman of Federal Board of Revenue (FBR) Shahid Hussain Asad has expressed his grave concern over long marches and political upheaval ahead of FBR’s efforts to broadening the tax net for strengthening the economy. He said that these impediments could cause huge loss to the national exchequer as local business across the country shut down in result. Acting ... Read More »

Foreign investment in bourses at two years’ high

KARACHI: The foreign investment in Karachi Stock Exchange in July rose three times the foreign inflow into Pakistan’s capital market during the corresponding period over the past two years. As per details, overseas investors have bought $648 million worth shares in local market over the past seven months of the current year while foreign net buying in July 2014 alone ... Read More »

KSE closes at 78 points lower

KARACHI: Karachi Stock Exchange ended lower amid thin activity. Index went down by 77.95 points closing at 29619.84 points against 29697.79 points a day earlier. At local equity market benchmark KSE-100 share index misplaced 77.95 points or 0.26 per cent. Market witnessed another range bound session with less participation. Textile stocks remained under pressure due to gas price increase by ... Read More »

LSE gains 1.77 points

LAHORE: Lahore Stock Exchange has witnessed bullish trend by gaining 1.77 points, as the LSE Index-25 opened with 5083.80 points and closed at 5085.57 points. The market’s overall situation, however, did not correspond to an upward trend as it remained at 3.190 million shares to close against previous turnover of 3.556 million shares, showing a downward slide of 366,500 shares. While, out ... Read More »

LSE gains 114.36 points

LAHORE: Lahore Stock Exchange on Monday witnessed bullish trend by gaining 114.36 points, as the LSE Index-25 opened with 4908.63 points and closed at 5022.99 points. The market’s overall situation also corresponded to an upward trend as it remained at 4.959 million shares to close against previous turnover of 2.798 million shares, showing an upward move of 2.160 million shares. While, out ... Read More »

LSE-25 index down-20.8 points

LAHORE: Lahore Stock Exchange-25 index closed at 4,891.5 showing a decrease of 20.8 points. In all 101 companies transacted, of which 16 improved their rates, 23 lost their worth, while rates of 62 companies remained unchanged. Total turnover and volume for the day was 2,391,400 shares. The Bank of Punjab (R1) was on top of the list with turnover of ... Read More »