Karachi Stock Exchange members have constituted a committee comprising the members of KSE Board of Directors and some senior brokers at a meeting held here on Wednesday to take up anomalies and pending issues with SECP.
The committee would look into anomalies in the scheduled implementation of revised Client Level Netting (CLN) on March 05 and to resolve other pending issues with SECP like urging KSE members to pro [...]
Posted in News
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Tagged CLN, KSE, SECP
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The Karachi Stock Exchange (KSE) has urged its members to submit trading data of their brokerage houses for the period January to July 2006, by March 9, said a notification issued here on Tuesday.
The KSE made the announcement on the directives of the SECP. The KSE also asked its members to provide details of their clients along with trading data.
In response, the KSE members rejected the notification, saying the K [...]
Posted in News
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Tagged Badla, CFS, KSE, NCCPL, SECP
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Despite comparatively lower net income the Pakistan State Oil (PSO) registered at the completion of first half of the current fiscal year ended on December 31, 2006, Board of Management of PSO managed to announce first interim cash dividend at Rs6 per share, on Thursday, translating into a cash payout of Rs1.029 billion to its shareholders.
... Read More (542 words, estimated 2:10 mins reading time) [...]
Posted in News
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Tagged CTTL, KSE, PSO, PTCL
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The issue of the removal of MA Lodhi, Managing Director of Karachi Stock Exchange (KSE) that ended up with his hard victory, has once again raised the question of transparency at the local bourse and sparked the tension between the SECP nominated non-members directors and KSE elected member directors on board.
The allegations that the Securities and Exchange Commission of Pakistan (SECP) nominated directors pinned [...]
Posted in News
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Tagged CTTL, KSE, MA-Lodhi, RMS, SECP
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Shell Pakistan on Thursday posted a net loss of Rs152 million for second quarter of fiscal year 2007 with a translated loss of Rs2.78 per share following a slump in international oil prices. However, the board of the company approved payment of an interim dividend for the year ending June 30, 2007 at Rs8 per share. “This quarter also saw full impact of reduced unit margins as a result of revision in the governmen [...]
Posted in News
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Tagged CNG, KSE, Shell
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KSE Board meeting held on Thursday ended in chaos, source told The News. Board of Directors (SECP nominated and KSE elected) failed to reach any consensus regarding the removal of incumbent KSE-MD, M A Lodhi, which was the only agenda of the meeting.
Meeting lasted for six hours commencing at 2:30 pm and culminating at around 08:30 pm. On can measure the intensity of the issue with the time span that meeting consum [...]
Posted in News
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Tagged KSE, SECP
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Board of Directors of Hub Power Company on Wednesday, recommended an interim cash dividend of Rs1.25 per share (i.e. 12.50 per cent) for second quarter ending on December 31, 2005.
Board announced the interim dividend after its meeting held at London on Tuesday.
Interim dividend will be paid to shareholders whose names appear in the Register of Members at the close of business on March 14, 2007. The Share Transfer [...]
“No matter how strong a bull may be, there is a time when it gets tired”, I said in my article “How Much Bull Can you Take”. My sentence reflected the market situation last week. (Behold, for my next trick I shall make Chirac disappear!) I mentioned that the bullish trend would continue and it is going to be a week of correction. It wasn’t exactly a correction of the magnitude I’m still [...]
Posted in Analysis
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Tagged KSE, MCB, PTCL
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The outgoing week (February 06-09) is the seventh in sequence of closing the Karachi bourse on positive note. However, the process of much awaited technical correction was initiated on weekend.
KSE 100-Index moved ahead by another 255.01 points on week-on-week basis and closed above nine-month high record at 11,844.65 points despite of the bearish resistance it faced during week.
To calculate the future movement of [...]
There must be thousands of women with beautiful faces that have thought of going to Lahore and become an actress some end up as extras some in the notorious bazaar. The same is the case in Karachi, any person with a few thousand rupees to spare thinks of going to the stock market and become a big stock trader over night. Most end up broke.
There are more tales of ‘from riches to rags’ than of ‘from rags to ri [...]
Posted in News
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Tagged Banks, KSE, Mutual-Funds, SECP
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