KARACHI  - After two days of post election rally market saw volatility and ended up by close to 100 points. At local equity market benchmark KSE-100 share index up by 92.07 points or 0.45 percent to end the day at 20,566.69 points compared to 20,474.62 points of the previous day.  ...

LONDON (Reuters) - Bankers are confident they can persuade the European Union that its proposed financial trading tax poses enough risks to struggling economies and banks to warrant being watered down.Their campaign against the tax, which will be imposed by 11 of the EU’s 27 countries, ...

In spite of a lot of economic problems, continuous unfair international pressure and the ever hovering hostile clouds of enmity along the borders, the political government of Pakistan has been in a constant effort of establishing friendly relations with neighboring countries. It is not only the ...

LAHORE - With the local bourse hovering around the all-time high levels and the year end reporting period just around the corner, investors adopted a cautious approach this week. Interest has shifted towards high yielding defensive stocks like HUBC, FFC and POL while trading activity is still ...

In spite of a lot of economic problems, continuous unfair international pressure and the ever hovering hostile clouds of enmity along the borders, the political government of Pakistan has been in a constant effort of establishing friendly relations with neighboring countries. It is not only the ...

KARACHI –In accordance with the Scheme of arrangement for the reconstruction of ICI Pakistan (“the Scheme”) and to implement the provisions of the Scheme, the Board of Directors of Akzo Nobel Pakistan Limited have allotted shares of Akzo Nobel Pakistan Limited in the manner ...

LAHORE - SALMAN ABDUHU - The new ordinance of whitening of stashed money, being implemented from next month, aimed at enhancing liquidity in the capital market by encouraging more foreign investment, besides disheartening speculative trade at the bourses.Majority of financial market experts and ...

LAHORE - Pakistan Mercantile Exchange Limited announced the commencement of trading in the Sugar Futures Contract this week. Trading started in the February contract. PMEX has currently three contracts at the months of March, April and May.The sugar contract launch marks a big step forward in the ...

MILAN  - UniCredit's head on Saturday expressed surprise the Italian bank's stock slid this week after the pricing of a cash call and said he looked forward confidently to Monday when the rights to buy into the 7.5 billion euro capital increase start trading.Shares in UniCredit have lost 37 ...

SHANGHAI (Reuters) - China will make the yuan more flexible in either direction and its recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said. Wen's comments underscored Beijing's intention to introduce two-way fluctuations in the yuan ...

LAHORE - Pakistan Association of Automotive Parts Accessories Manufacturers incoming central chairman has said the IMF-planted policy makers in Islamabad, who have nothing to do with the local industry, want to impose the 'import tariff rationalization plan, which will ruin the whole domestic ...

KARACHI (APP) - Karachi Cotton Association (KCA) has opposed the decision of the SECP regarding grant of approval to the Pakistan Mercantile Exchange Limited (PMEX) for introduction of futures trading in cotton, saying that the decision has been taken without adequate consultation with the ...

Prime Minister Syed Yousaf Raza Gillani has said that the Pakistan Peoples Party would sit in opposition in Punjab but would not indulge in horse trading. While addressing to the media in Sheikhupura, Gillani said that options never ends in politics and now the PPP too is free to make its choices. ...

LAHORE - Lahore Stock Exchange Managing Director Aftab Ahmed Ch has said the SECP is endeavouring to run the stock exchanges in a way that it could care for the interest of small investors instead of the members or brokers. He said that the Securities and Exchange Commission of Pakistan will give ...

LAHORE - Trading volumes at National Commodity Exchange Limited (NCEL) show a growth of 654 per cent in the first quarter of FY2010-11 During the first quarter (July-Sep) of financial year 2010-11 NCELS total traded volume increased to Rs.51.76bln. The total volume in the corresponding quarter of ...

KARACHI (APP) - Security and Exchange Commission of Pakistan (SECP) has suspended the trading in the shares of Beema Pakistan Company Ltd for a further period of 60 days. According to KSE here on Friday, the trading in the shares of Beema Pakistan will remain suspended with effect from August 15 in ...

KARACHI (PR) - Shirazi Trading Company (Pvt) Ltd (STC), an Atlas group Company, has signed an agreement with Jaffer Brothers Pvt. Limited (JBL) for implementation of the Oracle E Business Suite Release 12. STC is an ISO certified diversified trading house with more than 7000 customers across ...

An encounter between police and a group of outlaws is currently underway in outskirts of the city as law enforcement personnel is striving to arrest a notorious gangster linked with underworld, report said Sunday. Reportedly, a police party conducted a raid in Mawach Goth area on the tip-off about ...

KARACHI - Governor State Bank of Pakistan Salim Raza has said that Electronic Bond Trading Platform will enhance investors base of the sovereign debt market as it will attract investors from the non-banking sector as well resulting in higher liquidity in the government securities. Speaking at the ...

KARACHI - State Bank of Pakistan Governor Syed Salim Raza has said that the central bank intends to introduce an electronic bond trading platform early next year. 'This will provide investors real-time information about market yields resulting in enhanced liquidity and better price discovery in the ...

KARACHI - Advisor to PM on Finance Shaukat Tarin has announced that the government would abolish one per cent withholding tax (WHT) being levied on the sale and purchase of shares at stock market. Tarin made this announcement during a meeting with the members of KSE here Monday. He was accompanied ...

Observing that the Congress and BJP would not be able to get a majority in the ongoing Lok Sabha polls, a US think-tank has predicted an intense political horse trading following declaration of results next month as both the parties would compete with each other to win the support of smaller ...

KARACHI - Governor SBP, Syed Salim Raza has suggested the KSE management to focus on trading of debt instruments electronically through the premier exchange. He pointed out that foreign exchange reserves were stable, and liquidity in the financial system has resulted in a significant drop in KIBOR ...

ISLAMABAD - Federal Minister for Commerce, Makhdoom Amin Fahim said here on Thursday that UAE has become third largest trading partner of Pakistan. He was talking to the Ambassador of UAE, Ali Saif Sultan Al-Awani and the High Commissioner of Canada, Randolph Mank, who called on him at his office. ...

KARACHI - A delegation from BMA, Pakistan's Premier Investment Group, presented international investors with an analysis on Pakistan's economy and equity markets at the Trade Tech 2008 Conference in Singapore. BMA made the case for international investors to keep Pakistan in their sights due to ...

Karachi Stock Exchange (KSE), which after a lapse of agonizing 110 days opened up with the index 'floor' lifted here today, failed to pick up normal trading, as the stuck up investors, despite heavy losses, appeared reluctant in selling their shares. KSE management had clamped the KSE-100 index ...

LAHORE - Business resumed on Thursday in Karachi Stock Exchange (KSE) at a snail's pace and remained limited and flat throughout the day while volume of traded shares registered to an upward trend compared to Wednesday trading. The benchmark KSE 100-index witnessed officially no change closed at ...

Trade activities were limited on Wednesday at the Karachi Stock Exchange (KSE) and index was closed without having any change. Today, market opened with limited trading and this trend continued all day. Trade volume was 118,000 shares today which was 99,000 shares more as compared with the previous ...

KARACHI - A dull and mind-numbing trading session was seen at the Karachi stock market with only 5.475 million shares turnover while the benchmark KSE 100-Index dropped another 8 points, making a low of 9,215 and closing down at 9,216 points on Wednesday. Analysts attributed the continued ...

KARACHI - The Karachi Stock Exchange has received overwhelming response from members and institutional buyers during the special trading session held on Saturday, as the total amount of the bids received for purchase was over Rs7 billion and total amount subscribed was about 5 billion in 42 scrips ...