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Tag Archives: traders

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 »

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 »

Closing: Foreign investors prop up KSE with slight gains

KARACHI: The Karachi Stock Exchange (KSE) 100-Index gained 25.24 points to reach 30070.13 on the first trading day of the week as the deadlock in dialogue between government and PTI and PAT, has been worsening the weeks-long political uncertainty in federal capital. The KSE 100-index opened at 30044.89 and traded 68,539,480 shares during the day. The market lost 142 points ... Read More »

Closing: KSE bounces back with 167 points

KARACHI: Karachi Stock Exchange (KSE) 100-Index gained 167.06 points to reach 29858.37 mark on Thursday as the negotiators of government, PTI and PAT hoped the resolution of political unrest soon. Political standoff in the capital has caused some fears among the investors while flood related apprehensions caused lacklustre activity at the bourse, as investors remained cautious to participate actively anticipating ... Read More »

Closing: Bears dominate KSE amid political uncertainty in Islamabad

KARACHI: The Karachi Stock Exchange (KSE) 100-Index lost 37.60 points to reach 29691.31 points due to prolonged political uncertainty haunting the federal capital. The market opened with negative note losing points to reach 29712.11 from the overnight 29728 points in midday trading; however, market recovered quickly gaining 59 points to reach 29787 after that. The KSE 100-index opened at 29665.90 and total ... Read More »

Closing: KSE up 143 points on another round of talks

KARACHI: The Karachi Stocks steadily built on the overnight gains and rose by 143.31 points to take the stocks benchmark KSE-100 to 29728.91 points, shrugging off several pressing problems the country has been grappling with at different fronts, on Tuesday. The KSE-100 opened on an upbeat note and kept on upwards march aggressively, boosting confidence of the investors. Once the ... Read More »

Closing: Bulls at KSE bounce back amid PTI, PAT talks with govt

KARACHI: The Karachi Stock Exchange (KSE) 100-index gained 71.82 points to reach 29585.60 mark on the first day of the trading week, Monday, as the positive signs were prevailing about the resolution of the current political standoff in the federal capital. The market opened at 29513.78 with positive sentiments, kept on marching upward and taken the total trade volume to ... Read More »

Collector Saleem suspends PA for mismanaging FTA certificates

KARACHI: Different trade organizations have expressed deep concerns over the apathy and negligence of the officials working in the FTA Cell at Customs House, Karachi and demanded steps to improve its working. According to details, the trade organisations were of the view that the officials concerned in FTA Cell were not making the use of automated system for the convenience ... Read More »

Closing: KSE 100-index falls 36 points

KARACHI: The Karachi Stock Exchange (KSE) 100-Index lost 36.94 points on Thursday as the trading ended at 27,774.43 points due to continuing political deadlock in Islamabad. The highest increase witnessed in price of the Pace (Pak) Ltd, P.T.C.L.A, D.G.K.Cement and Fatima Fertilizer Cowhile the Pak Services, Bata (Pak) Limited, Bhanero Tex, and Wyeth Pak Limited remained the big losers of ... Read More »

Trade union chief announces sit-ins against Imran, Qadri

ISLAMABAD: Ajmal Baloch, the president of All Pakistan Trade Union, has announced sit-ins in front of Pakistan Tehreek-e-Insaf Chairman Imran Khan’s house in Bani Gala and Minhajul Quran offices in protest against their sit-ins in Islamabad. Talking to Customs Today, Ajmal Baloch, said that representatives of the business community will take part in the sit-ins. He said that these two ... Read More »

Need to work out win-win solution

 The political chaos created by the sit-ins by Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek leader Dr Tahirul Qadri has begun to dent the national economy. The Pakistani rupees is continuing shedding its value against dollar while trade and business activities are also slowing down in the twin cities and elsewhere in the country. It is reported that ... Read More »

Exporters want end to PTI, PAT protests, sit-ins

SIALKOT: Exporters, manufacturers and traders have rejected the civil disobedience call of Pakistan Tehreek-e-Insaf (PTI) and termed it detrimental for economy of the country. PTI and PAT long marches and sit-ins have been hindering the trade and commerce activities adversely as a result of which the business community is facing serious hardships because a large number of foreign export orders ... Read More »

Dubai to observe Global Trade Development week from Oct 27-29

DUBAI: Dubai Customs has announced a partnership with Global Trade week 2014 under the patronage of Sultan bin Saeed Al Mansouri and UAE Ministry of Economy where business and government leaders from over 80 countries will gather for mutual cooperation. Global Trade Development Week is the world’s largest trade facilitation, development and investment programme of events. This year’s event will ... Read More »

Premier awards ‘Privilege cards’ to top taxpayers

ISLAMABAD: The Prime Minister Muhammad Nawaz Sharif handed over the Privilege Cards to top 100 taxpayers of different categories at Prime Minister’s office Auditorium. The cards will be valid for one year. As per details, the ceremony was also attended by Mr. Ishaq Dar, Finance Minister and Chairman Federal Board of Revenue (FBR), Mr. Tariq Bajwa. The scheme has been ... Read More »

Gold price goes down by Rs285 per tola

KARACHI: The Gold price in global market decreased followed by lack of interest by international and domestic buyers. The price of goldwent $35 an ounce down as compared to previous business session and stayed at $1,304 an ounce while domestic gold price observed descending trend. As per details, Gold in tola term went down by Rs 285 per tola and ... Read More »

Karachi Airport attack: Delay in reimbursement irks importers

KARACHI: The importers have been facing trouble in getting their compensation of duty, announced by the government after Karachi airport attack in which billions of worth consignments including mobile phones, electronic accessories, computer accessories and others set ablaze in the warehouse of Jerry’s Dnata. As per details, the victims of Karachi airport attack told Customs Today that authorities were using ... Read More »

PCDMA announces election schedule for Executive Committee

KARACHI: The annual elections of the members of Executive Committee of Pakistan Chemicals & Dyes Merchants’ Association (PCDMA) for the year 2014-15 would be held on September 25, 2014. According to the elections schedule, the elections would be held at Karachi, Lahore and Faisalabad between 10:00 am to 6:00 pm on nine seats, released by the association. The polling venues ... Read More »

Collaborative efforts needed for better revenue collection: Tariq Bajwa

ISLAMABAD: FBR Chairman emphasized Members of FBR to expedite the efforts to achieve the revenue target for FY2014-15. As per details, FBR Chairman Tariq Bajwa presided an important meeting on budget/revenue reforms and their execution plans to achieve the revenue target for FY 2014-15. The Meeting was held at Federal Board of Revenue (FBR) head quarter here the other day. ... Read More »

Nasir Masroor asked to redress traders grievances

KARACHI: The traders in a letter to Chief Collector Appraisement -South Nasir Masroor Ahmed demanded to formulate a committee, comprising representatives from trade bodies for immediate redressal of trader’s grievances. A source from FBR updated the Customs Today about the letter from traders in which they have requested FBR Chief Collector Appraisement -South Nasir Masroor Ahmed to devise a committee ... Read More »

Industry being supplied more energy to boost exports: PM

LAHORE: Prime Minister Muhammad Nawaz Sharif has said that Industry is being supplied more electricity and gas as compared to previous years in order to boost up export volume and generate employment. He said this while addressing the 37th Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Export Awards distribution ceremony here. “We will not only jack up the ... Read More »

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