The Securities and Exchange Commission of Pakistan (SECP) and the management of Karachi Stock Exchange have been trying to get in touch with KSE Managing Director M.A. Lodhi for the last six days. According to informed sources Lodhi has become untraceable after learning of a decision by the KSE Board of Directors to remove him from ...
OGDCL was listed on GDR on December 18, 2006 at a price of US$ 1.89/share, which accounts approximately to Rs. 113.40 (the exchange rate being Rs. 60/US$ 1). Moreover, GoP also launched 20 million shares from its holdings in the company in what is a secondary public offering and what is termed a second IPO ...
Last week was another good one for the stock markets; KSE-100 index gained about 500 points. The bulls ran rampant. The trend which started mid-January continued. The index gained more than 1, 000 points overall straight away, without any correction. The index, which started rising mid-January, is now above 11, 500 points. TNA, people: Total ...
Needless to say, a stock market is a very interesting playground; things change quite quickly and decisively. A few days ago we saw a bearish trend in the market and now the trend has changed to bullish. These were the levels and prices where everyone was selling and leaving the market; now, everyone's back on ...
The Karachi Stock Exchange (KSE) has inked a Memorandum of Understanding (MoU), on Thursday, with South Asian Federation of Exchanges (SAFE) and its member countries to launch a joint South Asian Index in future. M A Lodhi, Managing Director, KSE, singed MoU on behalf of the local bourse at a press briefing on “SAFE Regional & ...
Again, here’s my take on the news. I think the three more important ones, that directly pertain, hence affect, the Karachi stock exchange, are: 1. The release that Prime Minister Shaukat Aziz is to postpone the decision to levy Capital Gain Tax for the next year. 2. The Sindh Government’s decision to discontinue stamp duty on ...
The reports by the agencies below that came around mid-December have been issued pertaining to our present economic condition and a look into the future. SBP primarily touted foreign investments for last half year, drooling from the prospects of privatizations in the couple of years to come. And, as usual, there was some news directing ...
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 ...
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 ...
