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Home / Author Archives: Matiur Rehman (page 5)

Author Archives: Matiur Rehman

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 »

Stocks open positive with 510pts gain

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KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday 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 to close at 39,933. The index peaked at 40,013 and touched a day’s ... Read More »

PSX closes green after witnessing volatile session

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KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday managed to close green after witnessing a volatile session as the benchmark KSE-100 Index gained 267 points to close at 39,933. The index peaked at 40,013 and touched a day’s low of 39,331 points before settling. In all, 141.97 million shares worth Rs6.0 billion were traded at the exchange. Of the 319 ... Read More »

PSX sheds huge 605pts over rupee devaluation

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KARACHI: The Pakistan Stock Exchange (PSX) dropped huge 605 points and closed at 39,666 over the massive devaluation of local currency against the US dollar. In all, 147.5 million shares worth Rs6.1 billion were traded at the exchange. Of the 330 scrips traded, 84 advanced, 216 declined and 30 remained unchanged. Commercial banking sector dominated trading by a margin with ... Read More »

PSX ends week on positive note with massive 396pts gain

PSX, KSE

KARACHI: The Pakistan Stock Exchange ended the week on positive note after adding massive 395.88 points or 0.99 per cent to take the tally to above 40,000 mark. The KSE 100 index flew up 513.43 points to intraday high of 40,388.55 and closed the day at 40,271. Even with a strong banking sector, the KMI 30 index took a dip. ... Read More »

PSX adds 350pts till midday

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 (PSX) added 350 points to take the tally to 40225 till midday on Friday. On Thursday, the PSX continued in the green with the benchmark KSE-100 Index gaining 288 points to close at 39,875 points. Market participation took a step back with volume and value down 18.33 per cent and 12.74 per cent respectively, amid ... Read More »

FBR issues procedure for adjustment of ST by steel melters at import stage

steelmelters

ISLAMABAD: The Federal Board of Revenue has issued procedure for adjustment of sales tax by steel melters paid at import stage on the specified categories of remeltable iron and steel scrap with effect from July 1, 2018. The FBR, in supersession of Sales Tax General Order No. 119 of 2017 dated 2nd August, 2017, and in exercise of the power ... Read More »

PSX lands in green after adding 288pts

KSE

KARACHI: The Pakistan Stock Exchange (PSX) continued in the green on Thursday, with the benchmark KSE-100 Index gaining 288 points to close at 39,875 points. Market participation took a step back with volume and value down 18.33 per cent and 12.74 per cent respectively, amid overnight losses in oil prices (brent -5.2 per cent), heavy foreign selling, ongoing political noise ... Read More »

PSX adds 134pts to reach 39,587

kse

KARACHI: The Pakistan Stock Exchange (PSX) again closed positive on Wednesday as the benchmark KSE-100 index gained 134 points to close at 39,587 points. After hitting a day’s low of 39,209 points within the first few minutes of trading, the index peaked at 40,062 points before settling back below 40,000 points. In all, 128.4 million shares worth Rs6 billion were ... Read More »

PSX manages to close on positive note after volatile session

KSE14

KARACHI: The Pakistan Stock Exchange (PSX) landed in the green after witnessing a volatile session on Tuesday as the benchmark KSE-100 index gained 164 points to close at 39,453 points. The index, which had lost close to 1,000 points on Monday, opened lower today, bottoming out at 38,561 points before recovering. Much like previous sessions, trading began on a negative ... Read More »

PSX manages to close positive despite court’s verdict against Nawaz

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KARACHI: The Pakistan Stock Exchange (PSX) closed almost flat on Friday after political turmoil following the verdict announced by accountability court against Nawaz Sharif in Avenfield reference case. The benchmark KSE-100 index closed 45 points above yesterday’s close at 40,284, after losing over 200 points within the first half hour of trading to hit the day’s low of 40,029 and ... Read More »

PSX goes bearish till midday

KSE 1

KARACHI: The Pakistan Stock Exchange (PSX) became bearish after shedding early gains and shed 129 points to drop to 40110 points level till midday on Friday. The stocks opened on positive note and added 101 points to reach 40340 level in early trading. On Thursday, the stocks closed negative as the benchmark KSE-100 index lost 107 points to close at ... Read More »

Stocks open on positive note

KSE 2

KARACHI: The Pakistan Stock Exchange (PSX) on Friday opened on positive note and added 101 points to reach 40340 level in early trading. On Thursday, the stocks closed negative as the benchmark KSE-100 index lost 107 points to close at 40,239. The index opened higher and peaked at 40,755 points before beginning to lose points to touch the day’s low ... Read More »

PSX further loses 107pts to close at 40,239

KSE

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday closed negative as the benchmark KSE-100 index lost 107 points to close at 40,239. The index opened higher and peaked at 40,755 points before beginning to lose points to touch the day’s low of 40,106 points mid-session. In all, 143.2 million shares worth Rs4.98 billion were traded at the exchange. Of the ... Read More »

PSX witnesses worst day, drops 1,218pts

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KARACHI: The Pakistan Stock Exchange has witnessed a worst day in terms of points and percentage as upcoming verdict of the Avenfield properties reference shattered investors’ confidence. The benchmark KSE-100 reached 40345.68-point mark amid low volumes and absence of any buying interest whatsoever. The index opened at 41,564.42 points. The reference is among those filed by the National Accountability Bureau ... Read More »

PSX lands in red on opening day of week

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KARACHI: The Pakistan Stock Exchange (PSX) on Monday closed in the red zone, with the benchmark KSE-100 index losing 177 points to close at 41,735 points. The index opened higher but could not sustain the momentum, peaking at 42,137 points before losing point mid-session to touch the day’s low of 41,610. Trading remained dull on Monday, with only 84.5 million ... Read More »

‘Top transgender’ declares Rs100m assets in amnesty scheme

transgender Almas Boby

ISLAMABAD: One of the top transgenders in the country, Almas Boby, has declared over Rs100 million assets in the latest tax amnesty scheme. Boby filed the tax amnesty declaration with Regional Tax Office (RTO), Rawalpindi, of the Federal Board of Revenue (FBR) under Voluntary Domestic Assets Declaration Scheme 2018, FBR officials said. According to the Act of the Parliament, the ... Read More »

PSX closes week on almost flat note

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KARACHI: The Pakistan Stock Exchange (PSX) closed flat on Friday, ending a short bullish streak, with the benchmark KSE-100 index losing 87 points to close at 41,911 points. The index opened higher but could not sustain momentum, losing points after peaking at 42,082 to touch the day’s low of 41,750 in the second half of trading. Overall, trading volumes increased ... Read More »

PSX continues upward trajectory despite Pakistan’s inclusion in FATF grey list

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KARACHI: The Pakistan Stock Exchange continued upward journey for the third successive day as the KSE-100 index rose and closed just a few points shy of 42,000. After a brief dip in the initial hours of trading, the KSE-100 rose steadily and managed to power past 42,000 points. Investors kept buying stocks at attractive valuations, anticipating inflows under the tax ... Read More »

PSX closes adding 472pts

KSE 2

KARACHI: The Pakistan Stock Exchange closed positive for the second successive session on the back of Pakistan’s commitment to a 26-point plan submitted to evade FATF’s blacklist. Reports of the tax amnesty scheme receiving a good response aided investor sentiment that helped the index inch past the 41,700-point mark. The market kicked off positive with index-heavy automobiles, pharmaceuticals, chemicals and ... Read More »