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Wednesday, November 13, 2019
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KARACHI: Stocks extended the gains for fourth successive session on Thursday with the KSE-100 index closing up by 105.19 points (0.30 per cent) at 35,758.52. While institutions stayed away from the market, foreigners swooped to cherry-pick blue chips worth $3.16 million. Individuals who had led buying in the last couple...
KARACHI: The stock market demonstrated bullish trend for the third day in succession with the KSE-100 index climbing 295 points (0.83 per cent) and settle down at 35,358. Market men suggested that the investors had moved out of fixed savings into equity after the Central Directorate of National Savings (CDNS)...
The stocks market ended flat on Tuesday as investors went for profit taking on the back of surge in stock prices during the last three sessions supported by subdued pressure over political protests by the opposition parties, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporation said, “Stocks closed higher...
KARACHI: Stocks went on a rampage on Monday tossing the KSE-100 index up by 899.85 points (2.62 per cent) so that it closed above the 35,000-level for the first time in four months, at 35,277.46. The frenzied buying by investors was fuelled by market-related reasons such as the continuing exuberance...
KARACHI: Pakistan Stock Exchange witnessed positive trend during the outgoing week ended on November 1, 2019 on the back of healthy buying in various sectors. BRIndex100 gained 83.18 points on week-on-week basis to close at 3,606.11 points. Average daily volumes stood at 153.436 million shares. BRIndex30 increased by 404.42 points to...
The capital market ended flat on Wednesday following range bound trade, as investors waited for the tussle between the government and traders on taxation and CNIC issue to end amicably, dealers said. stocks  Analyst Ahsan Mehanti from Arif Habib Corporations said, “Pressure remained at the Pakistan Stock Exchange (PSX) on concerns...
The capital market ended flat on Tuesday amid profit booking, as equities that had risen sharply enticed investors to sell their holdings to book available gains, offloading was also sparked by the two-day shutter down strike, which resulted in increase in economic losses, dealers said. Analyst Ahsan Mehanti from Arif...
The capital market closed on a positive note on Monday following active participation from financial institutions as the fear of the “Azadi March” faded away, boosting investor sentiments, dealers said. Faizan Munshey, head of foreign institutional sales at Next Capital, said, “The stock market continued its upward momentum with cement...
The capital market on Thursday closed in green for the third consecutive session as investor sentiments were boosted following the World Bank Doing Business 2020 report, showing Pakistan’s ranking improved by 28 notches to 108 in ease of doing business, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporations said,...
KARACHI: Stocks exte­nded the relief rally on Wed­n­e­sday as the KSE-100 index recovered another 240.73 points (0.73 per cent) and closed at 33,439.69. Market sentiments turned to guarded positivity after investors’ fear over major confrontation between the government and opposition subsided a bit as the two teams settled down to...

Opinion

TAXATION in tax banking collection

Taxation in trouble

The issue the government made the most noise about in tax collection has hit a snag. While claims about how much money had been...