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Tag Archives: privatisation

Weekly review: KSE makes history, nearly touches 31,000 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 553.51 points in the week-long trading, as it opened at 30,376.53 points on Wednesday and closed at 30,930.04 points on Friday. Earlier, the Customs Today predicted that the KSE 100-Index would touch the benchmark of 31,000 points till closing of the ... Read More »

IHC moved to halt OGDCL privatisation

ISLAMABAD: Another petition has been filed in court to halt the privatisation of Oil & Gas Development Company Limited (OGDCL) and this time an eye specialist has moved the Islamabad High Court (IHC) for this purpose. Justice Athar Minallah has sought reply from the federal government within two weeks on a petition filed by Dr Babur Zahiruddin, who is also ... Read More »

Closing: KSE maintains all time high position, up 70 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 70.47 points to reach 30663.78 points and volume of 211,621,120 shares on Thursday by maintaining all time high postion. Earlier, stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level till 9:45am. The mark opened at overnight ... Read More »

PPP warns govt against privatisation of OGDCL

KARACHI: Pakistan People’s Party (PPP) Senator Mian Raza Rabbani has said that his party does not support privatisation of 69 state-owned units, including Oil and gas Development Company Limited (OGDCL). During a press conference along with Senator Saeed Ghani and other party leaders at PPP Media Cell, Rabbani warned that the PPP would support OGDCL workers, if they come on ... Read More »

Banking on IMF loan

The Finance Ministry expects a breakthrough in talks between Pakistan and the International Monetary Fund (IMF) in Dubai for the issuance of $100 million installment, hoping that the money will soon be delivered to Islamabad. According to newspaper reports, the talks are going to be held in November 7 in the backdrop of $6.64 billion assistance programme for Pakistan. The ... Read More »

Closing: KSE compensates holidays, adds 216 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 216.78 points to reach 30593.31 points and volume of 133,854,400 shares on the start of trading after Ashura holidays, Wednesday. Earlier, the market began the week on a positive note and the benchmark 100 index kept on upward march, setting the trend for the trading. The Karachi Stock Exchange KSE-100 went up 107 ... Read More »

Closing: KSE 100-Index rebounds with 172 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 172.44 points to reach 30376.53 points and volume of 74,527,210 shares on last day of trading, Friday. Earlier in the morning, the market opened at the overnight closing of 30207 points and kept on upward march. The investors responded positively to the positive trend in the market and remained engaged in trading. Buoyancy ... Read More »

OGDCL’s just 7.5pc shares worth $750m being disinvested

ISLAMABAD: State Minister for Privatisation Muhammad Zubair has clarified that the government is not privatising the Oil and Gas Development Company Limited (OGDCL). He said the government would disinvest the OGDCL’s 7.5 per cent shares to generate money that is needed for the country. He further said that neither the company would be privatised nor a single employ would be ... Read More »

Closing: KSE bounces back, scores 91 points  

KARACHI: The Karachi Stock Exchange (KSE) 100-index 90.85 points to reach 30204.09 points and volume of 81,187,130 shares on Thursday. Benchmark KSE 100-index gained 133.43 points to reach 30246.67 points with the total volume of 42,072,860 shares till midday. Earlier, the country’s biggest stock market started with positive note, recouping two days losses and gained 74.38 points to reach 30187.62 points ... Read More »

Closing: KSE back into red zone amid cautious trading

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 13.34 points to reach 30225.62 points and volume of 101,465,880 shares on Tuesday. Earlier the market opened on a positive note, though investors appeared cautious, the overall sentiments remained bullish. The stock exchange which opened at overnight closing of 30238 points rallied and set the direction for the investors. The bullish trend ... Read More »

Closing: KSE 100-Index extends winning streak, adds 140 points

  KARACHI: The Karachi Stock Exchange (KSE) 100-index gained 140.47 points to reach 30238.96 points and volume of 90,046,030 shares on first day of trading, Monday. Despite gloom and doom prevailed across the political spectrum, the KSE-100 index, opened at 30,098.49 and gained 27.68 points to reach 30126.17 points with total volume of 41,749,800 shares till midday. Earlier, benchmark KSE ... Read More »

Weekly review: Bulls beat bears at KSE with 206 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on negative note on the first day of trading, however, gained 206.01 points in the week-long trading, as it opened at 29892.88 points on Monday and closed at 30098.49 points on Friday. On Monday, the KSE lost 171.98 points to reach 29711.12 points and volume of 59,831,040 shares. Continuing volatility of early ... Read More »

Closing: KSE 100-index sticks to 30,000-plus level

KARACHI: The Karachi Stock Exchange (KSE) 100-index survived 30,000 psychological barrier and gained 63.76 points to reach 30088.89 points and volume of 113,364,510 shares on last day of trading, Friday. Earlier, KSE 100-index started with bullish note and gained 90.11 points to reach 30115.24 points with a volume of 14,238,550 shares till 9:45am. On Thursday, the benchmark KSE 100-index maintained ... Read More »

KSE crosses 30,000 level after severe battle between bulls & bears

KARACHI: The Karachi Stock Exchange (KSE) 100-index kept its bullish trend to cross 30,000 barrier on Thursday and gained 84.74 points to reach 30025.13 points and volume of 108,461,400 shares. Earlier, the KSE kept bullish note till midday, crossing psychological barrier of 30,000 and gained 108.83 points to reach 30049.22 points with total volume of 51,230,270 shares. The highest increase ... Read More »

Closing: KSE rebounds on strong leads from Asian, US markets

KARACHI: The Karachi Stock Exchange (KSE) 100-index 246.12 points to reach 29940.39 points and volume of 110,960,050 shares on Wednesday as political tension soothe after the Pakistan Awami Tehreek (PAT) chief ended sit-ins in Islamabad after 67 days. Also positive trends, on international markets, help traders gain confidence as Asian stock markets climb amid hopes of fresh European stimulus. Earlier, ... Read More »

Closing: KSE extends slide as rift grows between MQM, PPP

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 16.85 points to reach 29694.27 points and volume of 71,040,950 shares on Tuesday. Earlier, benchmark KSE 100-Index took a good start and gained 142 points to reach 29853.55 stage with the total volume of 16,142,400 shares. After five consecutive bearish days, Karachi Stock Exchange 100-Index Tuesday witnessed positive rally and gained 73.37 ... Read More »

Closing: KSE plunges 171 points on 1st trading day

KARACHI: The Karachi Stock Exchange (KSE) 100-index started the week on a negative note on Monday and lost 171.98 points to reach 29711.12 points and volume of 59,831,040 shares. Continuing volatility of early trading, Karachi Stock Exchange (KSE) 100-index even could not come out of the pressure till midday, shedding 61.81 points to reach 29821.29 points with the total volume ... Read More »

Weekly review: KSE falls below 30,000 mark, loses 257 points

  KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on a positive sentiments on the first day of trading but lost 257.07 points in the week-long trading, as it opened at 30149.95 points on Monday and closed at 29892.88 points on Friday. On Monday, the KSE gained 235.78 points to reach 30394.41 points and volume of 123,546,050 shares. Earlier on ... Read More »

Closing: KSE tumbles 500 points in 4 days

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 89.57 points to reach 29892.88 points and volume of 84,658,790 shares on Friday, as Pakistan People’s Party (PPP) is going to hold a public meeting at Bagh-e-Jinnah on Saturday which will be addressed by party Chairman Bilawal Bhutto Zardari, formally starting his political career. Overall, KSE 100-Index has lost 500 points in 4 ... Read More »

LSE sheds 36 points to close at 5398 mark

LAHORE: The Lahore Stock Exchange 25-Index has suffered losses on fourth day of trading too and lost 36.42 points to reach 5398.32 points and volume of 1,444,700 shares. About 104 companies took part in today’s trading session with 20 companies with increase in shares, 13 with decrease in value and 71 witnessed stability in shares value. The highest increase witnessed ... Read More »