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Author Archives: Matiur Rehman

PSX falls as investor sentiments remain subdued

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KARACHI: The Pakistan Stock Exchange (PSX) benchmark the KSE-100 index continued to close negative on Wednesday as investor sentiments remained subdued as many awaited the formation of new government at the centre. Earlier, trading began on a positive note and the index climbed over 200 points in initial hours. However, weak investor sentiments wiped out the gains later. Cement stocks ... Read More »

PSX drops over 200 points

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KARACHI: The Pakistan Stock Exchange benchmark KSE-100 index maintained its downward slide for the second successive session on Monday. In the morning, trading began on a negative note, with the index sliding over 240 points in intra-day trading. It remained under pressure amid brief bouts of buying. Overall investors continued to book profits and volumes stood low. At close, the ... Read More »

PSX ends week in red, sheds 82pts

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KARACHI: The Pakistan Stock Exchange benchmark KSE-100 index failed on Friday to sustain the moderate gains made on the previous day and closed lower in range bound trading. The day kicked off on a positive note when the index climbed in the initial hour, but the gains proved short-lived and uncertainty soon enveloped the market. In the meantime, the index ... Read More »

PSX closes near 43,000pts level

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: The Pakistan Stock Exchange recouped on Thursday as investors scrambled to pick blue chips in late trading that helped the benchmark index close in the green, just a few points shy of 43,000. At close, the KSE 100-share Index recorded an increase of 192.09 points or 0.45% to settle at 42,923.95. The cement sector regained momentum with Lucky Cement ... Read More »

Customs officer Amer Ahmad assumes charge as Member

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ISLAMABAD: Amer Ahmad, a Pakistan Customs Service officer of BS-21, has assumed charge as Member. The officer, in pursuance of Establishment Division Islamabad’s Notification No.1 (172)/2014-E-4 dated 03.08.2018, took the charge of the post of Member at Federal Board of Revenue (HQ), Islamabad with effect from August 9, 2018. Read More »

PSX closes flat after witnessing volatility

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KARACHI: The Pakistan Stock Exchange benchmark KSE-100 index closed almost flat after witnessing massive volatility in a see-saw session on Wednesday. The day opened on a positive note, but uncertainty soon prevailed and the index kept moving between green and red zones for the entire day. It crossed 42,800 points multiple times, but failed to sustain the gains. Despite the ... Read More »

PSX closes negative at 42,760pts

KSE 2

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday was down by 48.53 points to settle at 42,760.13. The session started on a positive note but soon indices crumbled and took the opposite path ending the day in the red. The KSE-100 index touched intraday high of 42,993.18 after gaining 184.52 points. Soon it rebounded and touched intraday low of 42,705.04 ... Read More »

PSX adds another 304pts to settle at 42,808.66

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KARACHI: The Pakistan Stock Exchange benchmark KSE 100-share Index recorded an increase of 303.61 points or 0.71% to settle at 42,808.66. Earlier, the index opened on a positive note, but dipped soon after. However, the trend reversed as investor interest drove the market up. Engro Corp (+2.5%), Lucky Cement (+2.6%) and Dawood Hercules (+3.1%) stood out as top contributors to ... Read More »

PSX gains 175pts in range-bound trading

A man takes a nap on a couch under an electronic board displaying share prices during trading session at the Karachi Stock Exchange April 2, 2014. REUTERS/Akhtar Soomro/File Photo

KARACHI: The Pakistan Stock Exchange benchmark KSE-100 index gained 175 points in range-bound trading on Friday, driven by exploration and production and financial stocks. In the morning, the market kicked off on a negative note and fell over 200 points in initial trading. However, heavy buying by investors in selective stocks pushed the benchmark index above 42,500 points. There were ... Read More »

NAB summons Imran Khan over misusing KP govt’s helicopter

Imran Khan

PESHAWAR: The National Accountability Bureau (NAB) on Friday summoned Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on August 7 in an ongoing inquiry against his alleged misuse of Khyber Pakhtunkhwa government’s helicopters. The NAB official said, “Imran used two helicopters belonging to the KP government for a total of 74 hours.” The officials further said, “Statements of KP CM Pervez Khattak ... Read More »

FBR urged to issue income tax return form with budget

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KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to issue draft income tax return form with the announcement of the federal budget to avoid date extension. In a letter sent to the FBR chairperson, the Karachi Tax Bar Association (KTBA) pointed out various issues on the draft income tax return forms for individuals and Association of Persons ... Read More »

PSX adds another 770pts as upward trajectory continues

PSX, KSE

KARACHI: The Pakistan Stock Exchange (PSX) added another 770 points to close at 43,557 points. The index opened higher and continued on an upward trend throughout the session as positive news of the rupee gaining ground against US dollar came in. Volumes grew to 377.9 million shares in the day as traded value touched Rs15bn. Of the 373 scrips traded, ... Read More »

PSX adds another 697 points on last day of week

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KARACHI: The Pakistan Stock Exchange continued to enjoy a bull run on Friday with the KSE-100 Index climbing another 697.29 points or 1.66% to settle at 42,786.45, as investors cheered the outcome of the country’s 11th general elections. The winning streak, which started on Tuesday, has now stretched across three sessions, cumulatively adding 5.74% to the index that bore the ... Read More »

PSX gains 749pts as investors rejoice at PTI’s victory

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KARACHI: The Pakistan Stock Exchange witnessed a bullish trend on Thursday as Investors rejoiced at Pakistan’s 11th general elections and Pakistan Tehreek-e-Insaf’s (PTI) victory. The Pakistan Stock Exchange saw a significant increase in activity during afternoon trading, a day after the country voted for its second consecutive democratic transfer of power, as the benchmark KSE-100 index gained 749 points to ... Read More »

PSX surges by 875pts ahead of election day

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KARACHI: The Pakistan Stock Exchange benchmark KSE 100-index on Tuesday gained 875 points with buying interest witnessed across the board ahead of election day. After a 758-point fall on Monday, investors were more than happy to buy at attractive valuations, helping the index trek forward even as uncertainty over the election outcome hovered over the stock market. A hung parliament ... Read More »

PSX drops 758pts to close at 40,464 over low buying interest

KSE 2

KARACHI: The Pakistan Stock Exchange dropped massive 758 points on the first day of week on Monday amid low volumes and absence of buying interest. Trading began on a negative note as investors opted to stay on the sidelines as elections approach. Selling pressure continued to persist with the index finishing below 40,500 mark and almost erasing the gains of ... Read More »

PSX loses 574pts over profit-taking

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KARACHI: The Pakistan Stock Exchange (PSX) on Friday could not continue its upward trajectory as the benchmark KSE-100 index lost 574 points to close at 41,222 points. Although considerably lower than yesterday, trading remained on the higher side with 222.7 million shares worth Rs8.8 billion traded on the exchange. Of the 334 scrips traded, 81 advanced, 227 declined and 26 ... Read More »

PSX gains huge 898pts to close at 41,796

KSE

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday continued its upward trajectory as the benchmark KSE-100 index gained 898 points to close at 41,796. The index gained around a 1,000 points within the first 15 minutes of trading to peak at 41,896 points, after which it traded sideways for most part of the day. “The market turned bullish as investors ... Read More »

PSX adds near 1,000pts

KSE 13

KARACHI: The Pakistan Stock Exchange closed positive after adding near 1,000 points on Wednesday as investors developed interest and resorted to significant buying in cement, steel and financial stocks exactly a week ahead of general elections in the country. With the sharp gain, the benchmark index neared the 40,900-point mark. So far, it had been the largest rise in the ... Read More »

PSX adds huge 871pts till midday

A man takes a nap on a couch under an electronic board displaying share prices during trading session at the Karachi Stock Exchange April 2, 2014. REUTERS/Akhtar Soomro/File Photo

KARACHI: The Pakistan Stock Exchange (PSX) continued to add another 871 points to reach 40804 level till midday on Wednesday. The stocks started day on positive note and added 510 points to take the tally to 40443 level in early trading. Yesterday, the stocks managed to close green after witnessing a volatile session as the benchmark KSE-100 Index gained 267 points ... Read More »