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Tag Archives: Pakistan Stock Exchange

PSX seeks change in law to indemnify staff against legal repercussions

KARACHI: The Pakistan Stock Exchange (PSX) wants to indemnify its directors and officials against any loss and liability through a legal change, which is a demand similar to what the State Bank of Pakistan is seeking, according to media reports. “PSX explored international practices and found that various stock exchanges in other countries have [an] indemnification clause available in their ... Read More »

Several dead after attack on Pakistan Stock Exchange in Karachi

KARACHI: At least five people have died after shots were fired at the Pakistan Stock Exchange in Karachi, according to rescue officials on Monday. Policemen and security officials are among those confirmed dead, according to Mohammad Azeem, an official with the Edhi rescue center, a prominent local charity service. Rescue and paramilitary security personnel are at the scene in an ... Read More »

PSX bleeds as KSE-100 Index drops over 1,300pts to 10-month low

KARACHI: The Pakistan Stock Exchange on Monday nosedived to a 10-month low as political and economic uncertainty drove investor sentiment, leading to panic selling. The benchmark KSE-100 Share index plunged 3.39% to below 38,000 points after shedding 1,328 points. This was the largest single-day fall in the last 14 months, dragging the index down to its lowest level in 10 ... Read More »

PSX drops 758pts to close at 40,464 over low buying interest

KARACHI: The Pakistan Stock Exchange dropped massive 758 points on the first day of week on Monday amid low volumes and absence of buying interest. Trading began on a negative note as investors opted to stay on the sidelines as elections approach. Selling pressure continued to persist with the index finishing below 40,500 mark and almost erasing the gains of ... Read More »

PSX ends week on positive note with massive 396pts gain

KARACHI: The Pakistan Stock Exchange ended the week on positive note after adding massive 395.88 points or 0.99 per cent to take the tally to above 40,000 mark. The KSE 100 index flew up 513.43 points to intraday high of 40,388.55 and closed the day at 40,271. Even with a strong banking sector, the KMI 30 index took a dip. ... Read More »

PSX adds 350pts till midday

KARACHI: The Pakistan Stock Exchange (PSX) added 350 points to take the tally to 40225 till midday on Friday. On Thursday, the PSX continued in the green with the benchmark KSE-100 Index gaining 288 points to close at 39,875 points. Market participation took a step back with volume and value down 18.33 per cent and 12.74 per cent respectively, amid ... Read More »

FIA shifts Lawai to Islamabad for further investigation

ISLAMABAD: The Federal Investigation Agency (FIA) shifted banker Hussain Lawai to Islamabad for further investigation in a money laundering probe. The FIA team flew from the Karachi’s Jinnah International Airport with Lawai at 4pm. The banker will be investigated by senior FIA authorities in the federal capital. Lawai was arrested by the FIA on July 6 on money laundering charges ... Read More »