Share prices suffered yet another massive fall and saw widespread declines across the board where heavyweight scrips were the main losers and the index lost 400 points as bears tightened their stranglehold. The KSE-100 index registered a drop of 401.50 points, or 4.23 percent, to 9097.92 from 9499.42. The volume declined to 154 million shares down from 456 million shares. The market capitalisation decreased to Rs 2 [...]
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Tagged KSE, OGDC, POL
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The KSE is expected to constitute a new 30-company sensitive index comprising free float scrips from May.
After the press conference of Managing Director Moin Fudda here on Wednesday, KSE Deputy General Manager Zafar Abdullah said that the management has almost completed the exercise of constituting a new index for the local bourse.
He said that the new index is likely to start working from May and would be compris [...]
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Tagged KSE, OGDC
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Central Board of Revenue (CBR) Chairman Abdullah Yousuf has said no new tax will be levied in any form on stock brokers, nor there is any proposal under consideration in this regard. Talking to a select group of media men after having a detailed meeting with heads and members of Alternate Dispute Resolution Committees (ADRs) at Directorate General of Income Tax Training here Saturday night, he said there was no nee [...]
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Tagged ADR, CBR, CVT, Income-Tax
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The phasing out of badla market and enough liquidity in the system reduced the carry over rates to 16 percent at KSE on Friday, down by 440 basis points from last Friday. Declining Badla rate reflects genuine buying and excess availability of funds. One reason for this is the gradual phase out of leading stocks from the Badla market. Supply of funds has also improved after low activity in the future market, where s [...]
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Tagged Badla, COT, KSE
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A five-member Karachi Stock Exchange committee left for Karachi after concluding dialogues here on stringent conditions from Securities and Exchange Commission and prolonging badla trading for few more months. Badla phase-out, which had been given soft schedule, is still in higher preference for Karachi market traders, while the SECP considers it a real source of recent crisis and over-speculation in the market. Th [...]
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Tagged Badla, COT, KSE, SECP
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