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Author Archives: Shahid Imran

Closing: KSE tumbles by 517 pts, down 1.63% to close at 31239 pts

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KARACHI: The Karachi Stock Exchange (KSE) lost massive 517.25 points or -1.63 percent to reach 31239.04 points and volume of 180,057,570 shares as bears routed out bulls from the market on Thursday. Till midday, the benchmark KSE-100 index plummet 535.12 points or 1.63 percent to came down to 31221.17 points. The market failed to start off on a positive note ... Read More »

Closing: KSE-100 loses 250pts, down 0.78% to close below 32000pts level

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KARACHI: The Karachi Stock Exchange (KSE) lost 250.11 points or -0.78% to reach 31756.29 points and volume of 187,615,200 shares on Wednesday. Earlier, trading in the market started on a positive note and the index kept on ticking, adding 219 points to the overnight tally. The stocks opened at overnight closing of 32,006.40 points and continued upward march, showing signs of confidence. However, ... Read More »

Full exploitation of Pak-Sri Lankan Free Trade Agreement urged

LAHORE: Sri Lankan High Commissioner to Pakistan Air Chief Marshal (r) Jayalath Weerakkody has called for full exploitation of Free Trade Agreement between Pakistan and Sri Lanka. He was talking to the LCCI President Ijaz A Mumtaz at the Lahore Chamber of Commerce and Industry on Tuesday. LCCI Senior Vice President Mian Nauman Kabir, executive committee members and honorary consulate ... Read More »

400 horsepower BMW M2: Audi RS3 to launch turbocharged 5-cylinder engine

Audi-RS3 BMW

BERLIN: The German automaker BMW is all set to launch another racy two-door with 2016 arrival of the M2 Coupe to challenge Mercedes-AMG A45 and the second generation Audi RS3. The upcoming RS3 will likely follow in the footsteps of the Clubsport Concept and boast a turbocharged 2.5-litre five-cylinder engine under the hood. The powerplant, similar to the one used ... Read More »

Closing: KSE-100 achieves another milestone, crosses historic 32,000pts barrier

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KARACHI: The Karachi Stock Exchange (KSE) managed to cross 32,000 points barrier and gained a substantial 303.61 points to reach 32006.40 points and volume of 212,121,500 shares on Tuesday. The benchmark KSE 100-index witnessed variation as it opened with positive note, gaining 83.99 points or +0.26pc to reach 31786.78 points and observed highest trading of 31819.23 and lowest trading of ... Read More »

KSE-100 bounces back with 359pts, up 1.14% towards historic 32,000pts mark

KARACHI: Bulls bounced back strongly and kept their rule at the Karachi Stock Exchange (KSE) again as the benchmark KSE 100-Index surged a considerable 358.72 points or 1.14% to reach 31702.79 points and volume of 172,777,940 shares on first day of trading, Monday. The market started the week in a fashion and picked up the thread from weekend closing of 31344.07 ... Read More »

KSE-100 strongly rebounds with 359pts, nears to historic 32,000pts mark

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KARACHI: Bulls bounced back strongly and kept their rule at the Karachi Stock Exchange (KSE) again as the benchmark KSE 100-Index surged a considerable 358.72 points or 1.14% to reach 31702.79 points and volume of 172,777,940 shares on first day of trading, Monday. The market started the week in a fashion and picked up the thread from weekend closing of 31344.07 ... Read More »

Weekly review: KSE observes mixed week, gains 400pts to set new mark

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KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 400 points in the week-long trading, as it opened at 30,912 points on Monday and closed at 31344.07 points on Friday. On Monday, Bull-run continued to cheer the Karachi Stock Exchange (KSE) as the benchmark KSE 100-Index after crossing highest-ever psychological ... Read More »

400 horsepower new Toyota Supra more costly than $55,000 Corvette Stingray

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TOKYO: The new upcoming product created with the combined technology of Toyota and BMW, the fifth generation sportscar “Toyota Supra”, will definitely be more expensive and more powerful than Corvette Stingray. Back in 1992, a Toyota Supra Mark 4 was something like a Chevrolet Corvette substitute coming at a much lower price but also with a smaller less-powerful engine. While ... Read More »

KSE 100-index falters on 32,000pts rally, losing 0.31% to close at 31344pts

KARACHI: The Karachi Stock Exchange 100-index lost 97.75 points to settle at 31344.07  points and volume of 9,856,868,839  shares on last day of trading, Friday. Selling pressure persisted in oil stocks in the back of deterioration in global crude prices, denting Pakistan Oil fields (-2.67 percent) and Oil and Gas Development Company Limited (OGDCL) (-2.15 percent). On the contrary, strong anticipation over discount rate ... Read More »

KSE 100-index falters on 32,000pts rally, losing 0.31 pc to close at 31344pts

KSE2

KARACHI: The Karachi Stock Exchange 100-index lost 97.75 points to settle at 31344.07  points and volume of 9,856,868,839  shares on last day of trading, Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% to settle at 31441.82 points. ... Read More »

Closing: KSE falters on 32,000pts rally, reverses to 31344pts losing 97.75pts

  KARACHI: The Karachi Stock Exchange 100-index lost 97.75 points to settle at 31344.07  points and volume of 9,856,868,839  shares on last day of trading, Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% to settle at 31441.82 ... Read More »

KSE 100-Index dips 0.59% losing 187.38pts to close at 31441.82pts

KSE

KARACHI: The Karachi Stock Exchange 100-index lost 187.38 points or 0.59% to settle at 31441.82 points and volume of 160,838,810 shares on Thursday. Earlier, the Karachi Stock Exchange opened at the overnight closing of 31,629 points and continued the spree, adding to the joys of investors and brokers. The market appeared buoyant and steady, reflecting its resolve to cross the ... Read More »

Closing: KSE tumbles on 32,000pts rally, sheds 187pts to close at 31441.82pts

KARACHI: The Karachi Stock Exchange 100-index lost 187.38 points to settle at 31441.82 points and volume of 160,838,810 shares on Thursday. Earlier, the Karachi Stock Exchange opened at the overnight closing of 31,629 points and continued the spree, adding to the joys of investors and brokers. The market appeared buoyant and steady, reflecting its resolve to cross the new highs. ... Read More »

Port Qasim Authority handles 60,614 tonnes cargo

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KARACHI: The Port Qasim Authority handled 60,614 tonnes of cargo during 24 hours till 8 a.m. (0300 GMT) on Tuesday compared to 96,797 tonnes previous 24 hours. Following is the berthing schedule of major vessels loading and unloading at Port Qasim:   Commodity Tonnes ship Load/Unload Furnace OilEdible OilWheatSeeds Containers Containers Containers 31,27711,000n/an/a n/a n/a n/a Ji XiangPing AnFlag MersinldiSea ... Read More »

KSE 100-Index soars to another historic high of 31629.2pts up 1.04% towards 32000pts level

KSE

KARACHI: Bullish stocks adamant to rise high and high and appeared to have set eye on crossing another high of 32,000 points as benchmark KSE-100 index gained another massive 325.57 points or 1.04% to settle at 31629.20 points on Wednesday due to foreign buying and heavy inflows. The Karachi Stock Exchange continued upward march steadily and all day seems to ... Read More »

Closing: Buoyant KSE flying high to cross 32,000pts, registers another 325 points

KSE

KARACHI: Bullish stocks adamant to rise high and high and appeared to have set eye on crossing another high of 32,000 points as benchmark KSE-100 index gained another massive 325.57 points to settle at 31629.20 points on Wednesday. The Karachi Stock Exchange continued upward march steadily and all day seems to have gained the confidence to keep the bull-run prevail, ... Read More »

Closing: Buoyant KSE flying high to cross 32,000pts, registers another 325 points

KSE

KARACHI: Bullish stocks adamant to rise high and high and appeared to have set eye on crossing another high of 32,000 points as benchmark KSE-100 index gained another massive 325.57 points to settle at 31629.20 points on Wednesday. The Karachi Stock Exchange continued upward march steadily and all day seems to have gained the confidence to keep the bull-run prevail, ... Read More »

Weekly review: KSE makes history, nearly touches 31,000 points

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KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 553.51 points in the week-long trading, as it opened at 30,376.53 points on Wednesday and closed at 30,930.04 points on Friday. Earlier, the Customs Today predicted that the KSE 100-Index would touch the benchmark of 31,000 points till closing of the ... Read More »

FBR decides to establish Integrity & Performance Management Unit

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ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish Integrity & Performance Management Unit (IPMU) at HR Wing at Islamabad Headquarters. FBR through an office order stated Board-in-Council in its meeting held on 30-4-2014 (minutes circulated vide FBR/Revenue Division C.No. 6(96) S (BIC)/2013-14 dated 10-5-2014), has decided to establish Integrity & Performance Management Unit (IPMU) at HR Wing ... Read More »