After the index breaking the 9,900 level last month, started to rise gradually. When such a crash comes there is a level where short sellers start profit taking, so there is a slight change in the trend. Secondly the prices came on the lower level that they attracted the individuals to buy shares. As ...
The Privatisation Commission (PC) has received keen interest from several parties in response to the recent re-advertisement for the proposed sale of 51 per cent shares in Pakistan State Oil (PSO) with management control, the PC said on Wednesday. Parties and groups submitting Statement of Qualifications (SOQs) and/or reaffirming their continuing interest in PSO include Abraaj ...
The three-day subscription for Oil and Gas Development Company Limited’s 21.505 million ordinary shares will open from Thursday. This offer is being made at a price of Rs110 per ordinary share of Rs10 each, inclusive of a premium of Rs100 per share, but excluding the share transfer fee. Application for shares must be made for 500 shares ...
Badar Kazmi, Chief Executive Officer of Standard Chartered Bank (Pakistan) Limited, said on Monday that three bourses of the country have cleared listing application of the new banking entity and consent of Securities and Exchange Commission of Pakistan (SECP) will be obtained in coming weeks. Addressing a press conference after unveiling re-branded branch at Khayaban-Hafiz, he ...
Foreign investment in the country’s capital market is generally dismissed as of little consequence and an ex-chairman of the Karachi Stock Exchange commented a little while ago that the market would be better off without it. Such disillusionment stems from the mood swings of a foreign portfolio manager: “The outflow of funds is as quick as ...
The State Bank of Pakistan (SBP) has planned to get the privatisation of state-owned National Bank of Pakistan completed after its corporatisation and major changes to the National Bank of Pakistan Act. At present, 23.2 per cent shares in the bank are being traded on the three stock exchanges of the country. The federal government holds ...
In the past two years we have seen some tremendous highs and lows in the stock market. Yet again we witness a major decline in the index. It all started in mid-December 2006, the causes being: • Oil and Gas Development Corporation (OGDC) listing and undervalued sale of Global Deposit Receipts (GDRs); • Selling in the banking sector due ...
