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Author Archives: Shahid Imran

Weekly review: Strong bullish sentiments stabilise KSE in weeklong trading

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  KARACHI: The Karachi Stock Exchange (KSE) 100-index gained 343.32 points in the weeklong trading, as it opened at 33649.68 points on Monday and closed at 33993points on Friday. The Karachi Stock Exchange benchmark 100-index gained 146.76 points or 0.43 percent of the index to reach 33796.44 points with volume of 102,808,790 shares on Monday. The KSE extended the early ... Read More »

NZ Bunnings operations revenue up 12.6pc to $865m in Dec 2014

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WELLINGTON: NZ Bunnings operations have achieved revenues of $865.3 million in the December 31, 2014. The New Zealand operations of big-box DIY, hardware, home improvement, outdoor living and garden chain Bunnings pushed up revenue 12.6 per cent to make $865.3 million in the December 31, 2014 half year. “The good trading performance is a direct outcome of a strategic agenda, targeting ... Read More »

Australian Federal Police arrest 2 men for smuggling 16kg methamphetamine

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CANBERRA: Australian Federal Police arrested a Perth man who tried to import 16kg of methamphetamine from China in a shipment concealed in the steel framing of two treadmills. The 37-year-old and an Adelaide man, 27, will face court in South Australia charged over their alleged roles in facilitating the importation. Authorities launched an investigation in December after Customs officers allegedly ... Read More »

Closing: KSE ends week in green with 51pts gain, up 0.15% just below 34,000pts

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KARACHI: The Karachi Stock Exchange benchmark 100-index gained 50.72 points or 0.15 percent to reach 33993.00 points and volume of 161,979,540 shares on Friday. Amidst the announcement by the State Bank that Pakistan’s total liquid foreign exchange reserves are at $16,036.7 billion, the KSE remained bullish in mid day trade on Friday as KSE-100 index jumped to 34007.29 points after ... Read More »

KSE bounces back with 223pts gain, up 0.66% to resume growth journey

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 223.41 points or 0.66 percent to reach 33942.27 points and volume of 137,164,510 shares on Thursday. KSE-100 Index extended early gains in mid day trading on Thursday and reached 33917.41 by advancing 198.55 or 0.59 percent as compared to 33727.22 points of early trading when it witnessed a positive change of 8.36 ... Read More »

Closing: KSE bounces back with 223pts gain, up 0.66% to resume growth journey

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KARACHI: The Karachi Stock Exchange benchmark 100-index gained 223.41 points or 0.66 percent to reach 33942.27 points and volume of 137,164,510 shares on Thursday. KSE-100 Index extended early gains in mid day trading on Thursday and reached 33917.41 by advancing 198.55 or 0.59 percent as compared to 33727.22 points of early trading when it witnessed a positive change of 8.36 ... Read More »

KSE plunges 82pts, down 0.24% on vigilant trading after SBP quarterly report

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 82.25 points or 0.01 percent to reach 33801.10 points and volume of 114,618,940 shares on Wednesday. KSE lost early gains in mid day trading on Wednesday as the 100-Index plummeted to 33657.37 points by losing 143.74 or 0.43 percent after uncertainty prevailed in the market perhaps due to the issuance of SBP ... Read More »

Closing: KSE plunges 82pts, down 0.24% on vigilant trading after SBP quarterly report

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 82.25 points or 0.01 percent to reach 33801.10 points and volume of 114,618,940 shares on Wednesday. KSE lost early gains in mid day trading on Wednesday as the 100-Index plummeted to 33657.37 points by losing 143.74 or 0.43 percent after uncertainty prevailed in the market perhaps due to the issuance of SBP ... Read More »

KSE ends trading in green zone, up 0.01% to reach 33801.10pts

KARACHI: The Karachi Stock Exchange benchmark 100-index gained just 4.66 points or 0.01 percent to reach 33801.10 points and volume of 146,896,580shares on Tuesday. Thought the Karachi Stock Exchange snapped the week-long losing streak with 100 Index jumped to 34009.11 by 212.67 points or 0.63 percent in the early trading on Tuesday, the index till 13:13pm on the same day ... Read More »

Closing: KSE ends Tuesday trading in green zone, up 0.01% to reach 33801.10pts

  KARACHI: The Karachi Stock Exchange benchmark 100-index gained just 4.66 points or 0.01 percent to reach 33801.10 points and volume of 146,896,580shares on Tuesday. Thought the Karachi Stock Exchange snapped the week-long losing streak with 100 Index jumped to 34009.11 by 212.67 points or 0.63 percent in the early trading on Tuesday, the index till 13:13pm on the same ... Read More »

Bears regain rule at KSE with 147pts, down 0.43% to reach 33796.44pts

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 146.76 points or 0.43 percent to reach 33796.44 points and volume of 102,808,790 shares on Monday. The Karachi Stock Exchange extended the early losses as the KSE-100 Index plummeted by 183.35 points or 0.54 percent to 33759.85 points till mid day trade on Monday perhaps because of foreign selling and profit-taking. In ... Read More »

Envoy: Japanese businessmen shy of investing in Pakistan due to security reasons

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RAWALPINDI: Japan ambassador to Pakistan Hiroshi Inomata on Monday said that the Japanese business community is reluctant to invest in Pakistan owing to deteriorating law and order situation. During his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI), he said that Japan was the world largest importer of textile products, but it prefers Sri Lank and India over ... Read More »

Closing: Bears regain rule at KSE with 147pts, down 0.43% to reach 33796.44pts

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 146.76 points or 0.43 percent to reach 33796.44 points and volume of 102,808,790 shares on Monday. The Karachi Stock Exchange extended the early losses as the KSE-100 Index plummeted by 183.35 points or 0.54 percent to 33759.85 points till mid day trade on Monday perhaps because of foreign selling and profit-taking. In ... Read More »

Australian customs probes 157 alive, 33 dead reptiles seized from smuggled luggage

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CANBERRA: Australian customs, Border Protection Service and the Department of Parks and Wildlife have investigated more than 150 reptiles and amphibians and 33 dead reptiles from smuggled luggage. Two of the men also allegedly had reptiles hidden in their luggage at the airport. Parks and Wildlife officers assisted with the operation and identified 157 reptiles and amphibians including skinks, geckos, ... Read More »

Closing: KSE recovers 157pts, up 0.46% to end week on positive note

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KARACHI: The Karachi Stock Exchange benchmark 100-index gained 156.78 points or 0.46 percent to reach 33943.20 points and volume of 159,536,870 shares on Friday. Till mid day on Friday, the benchmark KSE-100 Index jumped to 34033.07 points by increasing 246.65 points or 0.73 percent thwarting the impact of the profit taking at the Karachi Stock Exchange where the index was ... Read More »

Closing: KSE slumps 418pts, down 1.22% losing 34,000 status on political uproar

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KARACHI: The Karachi Stock Exchange benchmark 100-index lost 417.57 points or 1.22 percent to reach 33786.42 points and volume of 212,571,220 shares on Thursday. Snapping the minor gain of 5.48 points or 0.02 percent during early trade, the benchmark KSE-100 Index plummeted to 33841.81 points by losing 362.18 or 1.06 percent till mid trading. Falling international oil prices, mid earnings ... Read More »

Closing: KSE suffers 229pts loss, down 0.66% amid changing political scenario

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High and Low were 34564.58 and 34159.11 points with total trade volume of 160,030,920. KARACHI: The Karachi Stock Exchange benchmark 100-index lost 228.90points or 0.66 percent to reach 34203.99 points and volume of 160,030,920 shares on Wednesday. Till midday, the benchmark 100-index faced another gloomy day and shed 201 points to reach 34231.19 points, despite reduction in political tension in ... Read More »

Closing: KSE continues bearish mood with 137pts loss, down 0.40% on institutional profit-taking

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KARACHI: The Karachi Stock Exchange benchmark 100-index lost 137.41 points or 0.40 percent to reach 34432.89 points and volume of 151,280,080shares on Tuesday. The Karachi Stock Exchange (KSE) benchmark 100-index Tuesday witnessed another slump and shed 236 points or 0.68 per cent to reach 34334 points, losing early gains till midday. Earlier, benchmark KSE 100-index started with positive note and ... Read More »

China-New Zealand Customs close to enhance trade

CANBERRA: Customs Minister Nicky Wagner says New Zealand and China Customs authorities are going to establish a system to enhance trade assurance and facilitation under the New Zealand China Free Trade Agreement. Ms Wagner and NZ Customs officials met with the Vice Minister of the General Administration of China Customs Mr Sun Yibiao and his delegation in Auckland today to discuss ... Read More »

Closing: KSE plunges 87pts, down 0.25% among vigilant trading on T-bills cut-off

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KARACHI: The Karachi Stock Exchange benchmark 100-index lost 86.64 points or 0.25 percent to reach 34570.30 points and volume of 182,407,520 shares on first day of trading, Monday. The bullish trend was also caused by T-bills cut-off yields declining by 47-53bp and up-front tariff for LNG-fired power plants likely to be set at Rs8.55/kwh. Meanwhile, The High and Low were ... Read More »