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Author Archives: Mati ur Rehman

KSE in bearish mood again as 100-index sheds 124pts in early trading

KARACHI: The Karachi Stock Exchange again witnessed a ‘bearish morning’ as benchmark KSE 100-index shed 123.71 points or 0.41 per cent to 30110.16 points in early trading on Wednesday. The market touched the highest level of 30279.39 and lowest level of 30024.15 points with the total volume of 16,429,350 shares. On Tuesday, the KSE recouped after 9 per cent fall ... Read More »

KSE recoups losses; 100-index takes mammoth leap of 1028pts to reach 29954

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index Tuesday up 3.55 per cent, recouping the losses of previous days and added 1026.77 points to 29953.81 till midday. The benchmark KSE 100-index witnessed highest trading of 30047.60 points and lowest trading of 28921.76 points with the total volume of 121,060,700 shares. The three top traded companies were K-Electric Ltd with a ... Read More »

KSE recoups losses; 100-index takes mammoth leap of 1028pts to reach 29954

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index Tuesday up 3.55 per cent, recouping the losses of previous days and added 1026.77 points to 29953.81 till midday. The benchmark KSE 100-index witnessed highest trading of 30047.60 points and lowest trading of 28921.76 points with the total volume of 121,060,700 shares. The three top traded companies were K-Electric Ltd with a ... Read More »

KSE shuns bearish trend, takes good start by gaining 630pts to 29558

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index took a good start on Tuesday and gained 630.85 points or 2.18% to reach 29557.89 after experiencing a one of the worst days of its history on Monday. The benchmark KSE 100-index witnessed highest trading of 29557.89 points and lowest trading of 28921.76 points with the total volume of 11,849,400 shares. The ... Read More »

KSE crashes, drops 1139pts to 28819 amid reports that Pak joining Yemen war

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index further down by 3.80 per cent or 1139.27 points to a three-month low at 28818.56 till the midday on Monday. The Stocks remained under pressure for the first day of trading week with the total volume of 122,135,010 shares. The country’s biggest stock market recorded highest level of trading at 29957.83 points ... Read More »

KSE crashes, drops 1139pts to 28819 amid reports that Pak joining Yemen war

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index further down by 3.80 per cent or 1139.27 points to a three-month low at 28818.56 till the midday on Monday. The Stocks remained under pressure for the first day of trading week with the total volume of 122,135,010 shares. The country’s biggest stock market recorded highest level of trading at 29957.83 points ... Read More »

Bears haunt stocks as KSE 100-index falls 2.43%, sheds 729pts to 29229

KARACHI: The Karachi Stock Exchange witnessed another bearish day as benchmark KSE 100-index dipped 2.43 per cent, shedding 729 points to 29229.24 on Monday, the first trading day. The country’s biggest stock market recorded highest level of trading at 29957.83 points and lowest level of 28971.59 points with the total volume of 62,123,460 shares. On Friday, the benchmark KSE-100 Index ... Read More »

KSE loses 30,000 mark, dips 2.35% as 100 index drops 721pts to 29958

KARACHI: The Karachi Stock Exchange Friday witnessed another bad trading day as the benchmark KSE-100 Index dropped by 721 points or -2.35 per cent to 29958. The High and Low were 30828.20 and 29847.26 with total volume traded in the market of 150,933,140. All sectors took a hit, primarily led by cements, chemicals and banks. Another bearish session was witnessed ... Read More »

KSE-100 Index takes mammoth leap of 348pts to 31,800.26 amidst foreign selling, PTI-govt accord

KARACHI: The Pakistan Tehreek-e-Insaf’s decision of returning to assemblies over the government’s nod of creating Judicial Commission to probe rigging in 2013 general elections has helped the country’s stocks gain massive points. The Karachi Stock Exchange benchmark KSE-100 Index advanced by 349 points to reach 31,800.26 versus 31,451.62 of the last session amidst the outflow of foreign portfolio investment and ... Read More »

2 gateways, 1 laptop confiscated: PTA unearths illegal gateway exchange in Gujrat

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has raided on an illegal gateway exchange in Gujrat and confiscated two gateways, one laptop, one PTCL DSL device and other digital media including SIMs. The PTA, in its ongoing efforts to control grey trafficking, carried out raid along with FIA team at Dhudhrai Shariqi, District Gujrat. The successful raids against the grey operators were ... Read More »

Over 30yr experience: Bokhari new Managing Director, CEO of PPL

KARACHI: Syed Wamiq Bokhari has been appointed as Managing Director and Chief Executive Officer of Pakistan Petroleum Limited, replacing Secretary Petroleum Arshad Mirza, who took additional charge of the post on July 8, 2014. Renowned professional of oil and gas, Syed Wamiq Bokhari has over 30 years of management experience. He has worked with three international majors: Kuwait Foreign Petroleum ... Read More »

Over 30yr experience: Bokhari new Managing Director, CEO of PPL

KARACHI: Syed Wamiq Bokhari has been appointed as Managing Director and Chief Executive Officer of Pakistan Petroleum Limited, replacing Secretary Petroleum Arshad Mirza, who took additional charge of the post on July 8, 2014. Renowned professional of oil and gas, Syed Wamiq Bokhari has over 30 years of management experience. He has worked with three international majors: Kuwait Foreign Petroleum ... Read More »

Rs12b decrease in bills: Nepra to cut power tariffs by Rs2.08 from April

ISLAMABAD: After massive cut in petroleum prices, National Electric Power Regulatory Authority (Nepra) has decided to decreases power tariffs by Rs2.08 per unit, or 20.2%, from next month on account of lower fuel prices for the month of January 2015. This was announced by Nepra Vice-Chairman Habibullah Khilji, while chairing a public hearing. He said that this is expected to ... Read More »

Pak rupee further dips in open market to reach 102.75

KARACHI: The Pakistani rupee Wednesday further down against US dollar in open market, however it remained firm in interbank. As per the local currency market, the US dollar gained 10 paisas in open market to stand at 102.75 and remained unchanged in interbank at 101.50. On Tuesday, the greenback added 25 paisas in open market to reach 102.65, and remained ... Read More »

10-14 day spray must be applied: Mango growers advised to drain out rainwater

MULTAN: The mango growers have been advised drain out rainwater from the orchards immediately. Mango Research Institute (MRI) Multan Director Dr Hameedullah also advised them to opt for anti-fungus treatment to mango orchards for protection against diseases and pests as the mango passes through delicate flower stage. According to Punjab Agriculture Department statement, the director said that recent rains increased ... Read More »

ICCI, Senator Abdul Qayyum discuss economic situation

ISLAMABAD: A delegation of Islamabad Chamber of Commerce and Industry (ICCI) has called on Senator Lt Gen (R) Abdul Qayyum and discussed prevailing economic situation in the country. Lt Gen (R) Abdul Qayyum said that the revival of economy was on high priority of the government and it was making strenuous efforts to create an enabling environment for better growth ... Read More »

E-commerce market witnesses growth, increases to $30 million

ISLAMABAD: The country has witnessed handsome growth of e-commerce market $30 million. According to Gulf Today reports, new online ventures are springing up every other day and existing ones are registering unprecedented growth rates. The newspaper mentioned unofficial estimates and projections by stakeholders, saying that the annual revenue of the country’s e-commerce sector has passed $30 million. “There is still ... Read More »

NAB body on FBR for installation of Automated Income Tax System

ISLAMABAD: The prevention committee of National Accountability Bureau (NAB) on Federal Board of Revenue (FBR) has directed the revenue authority to speed up action against the tax defaulters. The Committee consists of Chairperson Admiral (R) Saeed Ahmed Sargana (Dy Chairman NAB), FBR’s members of the board, representative of the State Bank of Pakistan, Federation of Pakistan Chamber of Commerce Industry ... Read More »

Rs14.3m from Multan, Rs5.3m from Lodhran: Irrigation dept collects Rs148.24m abiyana during July-Feb

MULTAN: Irrigation Department has recovered abiyana amounting to Rs148.24 million from the growers of four districts of Multan zone during Rabbi season (July-2014 to Feb 2015) and Khareef 2014. Irrigation Department officials said that this amount included over Rs14.3 million from Multan district, over Rs5.3 million from Lodhran, over Rs103 million from Vehari and over Rs26 million from Pak-Pattan district. ... Read More »

Sindh to ask federal govt to ensure 650MW for K-Electric, early census, reorganization of Ogra

KARACHI: The Sindh provincial government will ask the Centre to carry out census immediately, reorganise the Oil and Gas Regulatory Authority (Ogra) and to ensure that K-Electric continued to get 650 megawatts from the national grid. Taking the decision at a meeting, the provincial government will also demand due water and power share to the province, and transfer of the ... Read More »