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Tuesday, March 19, 2019
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KARACHI: Interloop Limited on Thursday raised Rs5.02 billion at the Pakistan Stock Exchange (PSX) by selling 12.5% of its total shareholding to a variety of investors for Rs46.1 per share. “This is the largest equity raising activity in the private sector in the history of PSX,” Arif Habib Limited CEO Shahid...
KARACHI: The stock market remained indecisive for the third day as the KSE-100 index closed with minor recovery of 32.44 points (0.08 per cent) at 38,928.93. Trading remained range-bound with retail investors engaged in bouts of buying and selling in small-cap stocks. As institutions remained on the sidelines, blue-chip scrips...
Stocks on Thursday extended losses for the third consecutive session, completely tuning out the much-awaited introduction of economic reforms via a supplementary finance bill the government railroaded through the lower house of the parliament on Wednesday amid protests, dealers said. Topline Securities in its daily market review said banking sector...
Stocks fell slightly on Wednesday, remaining bearish for the second consecutive day, due to major declines in blue chip financial and E&P shares, and selling pressure by local investors on delay in the announcement of the supplementary budget related to stock market measures, dealers said. Madiha Javed, head of research...
The capital market ended flat on Tuesday, as investors remained on back foot due to the pending approval of the supplementary finance bill, and persistent tensions at the eastern border, dealers said. Madiha Javed, head of research at Ismail Iqbal Securities said, “The stock market opened on a positive note...
KARACHI:  The Pakistan Stock Exchange (PSX) and stockbrokers have approached the government, seeking removal of a taxation flaw, which emerged when the finance minister removed advance withholding tax on brokers’ turnover in the second mini-budget in January. On the request of the PSX and stockbrokers, Finance Minister Asad Umar presented a...
Stocks moved up on Monday, continuing the positive momentum of the last two sessions, as commercial banks performed well on expected rate hike in view of high consumer price index (CPI) numbers, dealers said. Madiha Javed, head of research at Ismail Iqbal Securities said inflation for February came in at...
Stocks on Thursday burst out from a five session rout to gain near a percent as the spectre of another war that was looming large over South Asia seems to have started fading away following a geopolitical thaw, dealers said. Topline Securities, a brokerage, in its daily market report said...
KARACHI: The stock market took dramatic twists and turns on Wednesday guided by the hopes and apprehensions of escalation and de-escalation of hostilities with India. The KSE-100 index saw a loss of 128.98 points (0.33 per cent) to settle at 38,692.69. It started with brokers receiving flurry of sell orders...
KARACHI: Panic swept the trade floor on the stock market as news of Indian military jets crossing into Pakistan flashed on the news screens. As a result, the KSE-100 index dipped by 785.12 points to close at 38,821.67. The Inter-Services Public Relations confirmed early morning that Indian military jets had violated Pakistan’s...

Opinion

exports

Slow growth in exports

The performance of exports in the first eight months of 2018-19 has been disappointing. According to the monthly trade statistics of the PBS the...