Posted: September 14th, 2006 | Author: StockPK Team | Filed under: News | Tags: Board-of-Revenue, CDC, Hanif-Jakura, NBP, Stamp-Act
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Central Depository Company (CDC) was not providing required details of Deposit Transactions to the Board of Revenue, Government of Sindh, so that the amendments in the Stamp Act 1899 to cover electronic transactions be materialised.
In a prompt action, Board of Revenue asked CDC to recover the stamp duty and deposit the same under the head of “stamp duties” in the National Bank of Pakistan entitled branches in the larger national interest.
Chief Inspector of Stamps, Board of Revenue, Sindh, Karachi, in a letter addressed to the Muhammad Hanif Jakura, Chief Executive Officer of Central Depository Company (CDC) on September 09, 2006, said that he was not giving his response regarding the amendment in the Stamp Act 1899 to cover electronic transactions.
Posted: September 4th, 2006 | Author: StockPK Team | Filed under: News | Tags: BAFL, Cement, DGKC, FCCL, KSE, LUCK, MLCF, NBP, OGDCL, POL
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Buying in cement and some notable scrips averted big losses at the Karachi stock market on Monday as the KSE 100-share index lost 45.97 points, but maintained 10,100 level amid slightly increased turnover of 180.229 million shares.
The market capitalisation fell by Rs13 billion to Rs2.835 trillion. It is pertinent to mention here that the newly introduced KSE 30-index fell by more points (72.88 points) as compared with the 100-index, pointed out an analyst, adding that 30-index was not depicting true trading picture, but showing weightage of some monopolised scrips that were misguiding true investors. The 30-index was showing big ups and downs as compared to the earlier working indices at the KSE, he added.
Posted: August 26th, 2006 | Author: StockPK Team | Filed under: News | Tags: DGKC, FFBL, Karachi, KSE, NBP, POL, PTCL
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The Karachi stock market breached four barriers in reverse gear – 9900, 9800, 9700 & 9600 – on Friday against the expectation as there was no big negative news for the day. The index plunged by 370.44 points to 9,584.79 amid low turnover.
Leading local institutions and brokerage houses offloaded their holdings to manipulate market for their vested interest, a broker said.
Index remained under selling pressure throughout the day and recorded intra-day low of 9,555.03 points.
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