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Over 55% plunge in benchmark crude prices from June 2014 to March 2015

A-Whiting-Petroleum-Co.-pump-jack-pulls-crude-oil-from-the-Bakken-region-of-the-Northern-Plains-620x310

HELSINKI: Plunging oil prices are moving oil companies to cut spending on exploration activity, presenting a major challenge for seismic companies globally as the most volatile and cyclical segment of the oilfield services industry, says Moody’s Investors Service in a new report published yesterday. “We do not expect a significant recovery for seismic companies in the near term, especially as ... Read More »

Over 55% plunge in benchmark crude prices from June 2014 to March 2015

A-Whiting-Petroleum-Co.-pump-jack-pulls-crude-oil-from-the-Bakken-region-of-the-Northern-Plains-620x310

HELSINKI: Plunging oil prices are moving oil companies to cut spending on exploration activity, presenting a major challenge for seismic companies globally as the most volatile and cyclical segment of the oilfield services industry, says Moody’s Investors Service in a new report published yesterday. “We do not expect a significant recovery for seismic companies in the near term, especially as ... Read More »

US benchmark Texas delivery gains 18 cents to $59.87 for June

taxes

RIYADH: US benchmark West Texas Intermediate for June delivery gained 18 cents to $59.87 while Brent crude for July rose 14 cents to $66.95 in late-morning trade. Saudi Arabia-led coalition air strikes resumed against rebel positions in Yemen s south after a five-day ceasefire expired late Sunday, as fighting raged between Shiite Huthi rebels and loyalists of exiled president Abedrabbo ... Read More »

Hurray! KSE scales 34,000pts level; up 257pts, 0.76% to climb up to 34044pts level

KSE Bullish Trend 3

KARACHI: Buoyant stocks made another history as benchmark mark KSE 100-index scaled the landmark 34044.29 points level, going up 257.85 points or 0.76 percent in early trading on Monday, ahead of the monetary policy statement by State Bank of expected on Jan 24. Buoyed at the expected cut in policy rate of 50-100bps, the State Bank of Pakistan (SBP) cheered ... Read More »

Stocks tumble as 100-index narrows gains; down to 33800pts level

KARACHI: Stocks tumbled to lose half of early gains to fall to 33800.64 with the benchmark KSE 100-index still intact 35.03 points or 0.10 percent till midday trading on Friday. The market, however, appeared confident and seemed positive with investors exercising caution as it is the last trading in the market. There were bulls roaring in Karachi Stock Exchange as ... Read More »

Passions run high as KSE grabs 300pts, 0.91% to reach 33,417pts on way to 34,000 mark

KSE Bullish Trend 3

KARACHI: Fuelled by bull-run, stocks kept flying high and high to new heights after scaling record high of 33,000 points as Karachi Stock Exchange benchmark 100-index consolidated gains to 300.09 points or 0.91 percent to climb up to 33,417.56 points level till midday trading on Friday. The market appeared buoyant and kept on going up, setting eyes on new goals ... Read More »

Buoyant KSE scales all-time high of 33,000pts; gains 188pts, 0.57% to reach 33024pts

KSE up

KARACHI: The buoyant Karachi Stock Exchange achieved another milestone as benchmark KSE 100-Index scaled all-time high of 33,000, gaining 188.63 or 0.57 percent to reach 33024.58 points level in early trading on Thursday. There was buoyancy as the market witnessed hectic trading, kept moving upwards toward scaling new heights. The stocks opened at the overnight closing of 32836 points and ... Read More »

Lackluster KSE falls 63pts, 0.19% to 32668pts; still on way to 33,000pts

kse

KARACHI: Stocks began the new week on a negative note as the Karachi Stock Exchange benchmark 100-index fell 63 points or 0.19 percent to 32668.53 percent in early trading on Monday. The market opened at the weekend closing of 32731.61 points and appeared lackluster, going down at the start. Market, however, appeared confidence and analysts expect the 100-index will show ... Read More »

KSE begins new year on positive note; up 184pts, 0.57% to reach 32315pts

KSE

KARACHI: Stocks welcomed the first day of new year 2015 with a positive note as the Karachi Stock Exchange benchmark 100-index went up 184.07 points or 0.57 percent to reach 32315.35 points till midday trading on Thursday. The market cheered up and showed buoyancy, keeping its upward march in a steady manner. Earlier, the Karachi Stock Exchange opened at the ... Read More »

Stocks extends overnight gains as KSE rises 136pts, 0.43% to reach 32090pts

KARACHI: Stocks extended activities and the benchmark KSE 100-index rose 136.90 points or 0.43 percent to up to 32090.80 points in early trading on Wednesday. The market opened at the overnight closing of 31953.90 points and kept on going upwards, gaining momentum to boost the confidence of investors. Though the market remained bearish, it somehow managed to rise and gathered ... Read More »

KSE extends overnight losses; down with 11pts or 0.04% to 31895pts

KARACHI: Overnight bearish trend continued in the Karachi Stock Market as benchmark 100-index lost another 11.21 points or 0.04 percent to slide to 31895.33 points in early trading on Tuesday. The market opened at the overnight closing of 31,906.74 points and remained in negative zone, failed to boost confidence of the investors. The 100-index fell to 31895, adding to the ... Read More »

Stocks up 24pts, 0.08%; eyes 33,000pts amid PTI ‘shutdown’ call

KSE

KARACHI: The Karachi Stock Exchange remained buoyant in its record-shattering journey as benchmark KSE-100 index added another 24.82 percent or 0.08 percent to the weekend closing of 32151.70 points to reach 32173.60 points in early trading on Monday. The market started the new trading week on a positive noted and appeared confident, setting eyes on another all-time high of 33,000 ... Read More »

100-Index up 187pts, 0.60% to 31385 points as KSE gains momentum

kse10

KARACHI: The POL price cut, lowering inflation and other developments around boost confidence of the Karachi Stock Exchange as benchmark 100-index gained 187.06 points or 0.60 percent to climb up to 31,385.04 points from the weekend closing of 31,197 points till midday trading on Monday. The stock appeared confident and continued upward march in a steady manner, attracting the attention ... Read More »

Closing: KSE recovers 231pts, up 0.74% to close in green zone

KSE

KARACHI: The Karachi Stock Exchange recovers 230.73 points or +0.74 percent to reach 31454.47 points and volume of 145,707,940 shares on Wednesday. The KSE share-100 index opened at overnight closing of 31,223 and appeared confidence, going up steadily. The market set the pace for the day trading, boosting confidence of the investors. Though the traders exercised cautioned, the trading remained ... Read More »

Opening: Stocks widens overnight losses as KSE shed further 85pts

KSE20

KARACHI: Stocks remained bearish ahead of PTI’s call for a “historic” public meeting on Nov 30 in federal capital and widened overnight losses as KSE benchmark 100-index lost another 85 points to slide to 31,231 points from overnight closing of 31,316.96 points in early trading on Tuesday. The market opened on negative note and remained bullish, forcing investor to exercise ... Read More »

Opening: Stocks regain momentum as KSE 100-index rises 72pts

KSE (1)

KARACHI: Stocks began week on a positive and restarted its journey towards its historic high of 32,000 points as benchmark KSE 100-index gained 72.59 points to reach 31567.43 points in early trading on Monday. The market opened at the weekend closing of 31494.52 points and seemed confident, gaining momentum to march upwards. After the SECP confirmation about the settlement of ... Read More »

Midday: Stocks recoup losses as KSE up 226pt, 0.72% to reach 31465.36pt

KSE2

KARACHI: The Karachi Stock Exchange shrugged off the gloomy of previous two days and set its pace for the upward march, picking up 226.32 points or 0.72 percent as the benchmark KSE-100 index climbed up to reach 31,465.36 points till midday trading on Friday. The Karachi Stock Exchange opened on a positive note and set off on the recourse to ... Read More »

Opening: KSE on course to recovery as index gains 94pts, 0.30pc to reach 31333pt

KSE2

KARACHI: The stock market after remaining a picture of complete chaos and confusion, picked up momentum and restarted upward march with benchmark KSE-100 index gained 94.24 points or 0.30 percent to reach 31,333 points in early trading on Friday. The Karachi Stock Exchange opened at the overnight closing of 31239.04 points and appeared positive, showing signs of recovery, although it ... Read More »

Midday: Bears rout bulls as KSE plummets 535pts, down 1.63% to 31221pts

KSE20

KARACHI: Bears routed out bulls from the Karachi Stock Exchange with the benchmark KSE-100 index plummet 535.12 points or 1.63 percent to came down to 31221.17 points till midday trading on Thursday. The market failed to start off on a positive note and recoup the overnight losses that were triggered by a profiting taking spree, forcing the benchmark to red ... Read More »

Midday: KSE tumbles a little, still manages 11pts

KSE

KARACHI: In its journey to scaling new heights of its history, the buoyant Karachi Stock Exchange benchmark 100-index tumbled a little and lost most of early gains to come down to 32019.90 points after reaching 32225 points. The KSE, however, managed to hold 11.50 points or 0.40 percent till midday trading on Wednesday. Earlier, trading in the market started on ... Read More »