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| Stocks & Bonds | [1-5 of 5 stories]
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KSE turns bullishKARACHI (March 12, 2010): Bullish trend was witnessed at the Karachi share market on Thursday on the back of strong interest of foreign investors. The KSE-100 index surged by 94.72 points to close at 9,879.70 points level. The market opened on a strong positive note and the index hit 9,909.70 points intra-day high, up 124.72 points. However, profit taking in some select stocks in late hours minimised the intra-day gains.
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Bullish sentiments dominate on LSELAHORE (March 12, 2010): Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday where the equities registered gains amid ascending trading turnover on account of fresh buying in the selective shares. The LSE-25 index was slide up to 3120.79 against 3081.63 of Wednesday, denoting an improvement of 39.16 points, while transaction volume increased from the day's earlier volume of 9.087 million shares to 12.697 million shares.
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Equities move both ways at ISEISLAMABAD (March 12, 2010): Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in the index. ISE Ten Index showed increase of 25.93 points, as the Index moved from 2,393.34 to 2,419.27 points. The overall turnover amounted to 771,053 shares, as compared to previous volume of 623,364 shares.
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BRIndex30 up by 83.58 pointsKARACHI (March 12, 2010): On Thursday, BRIndex30 opened at 8,574.76 and remained positive for whole market time. It touched an intraday high of 8,690.94 and an intraday low of 8,574.76 and closed at 8,658.34, which is 83.58 points or 0.97 percent higher then yesterday's close. Total volume was 161,563,833, which was 79.01 percent of KSE All share volume and 91.94 percent of KSE 100 volume. The KSE All Share volume was 204,489,493 and KSE100 Volume was 175,725,682
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ClarificationKARACHI (March 12, 2010): It is clarified that the member directors of the Karachi Stock Exchange (KSE) proposed the name of Hussain Lawai as Chairman of Central Depository Company of Pakistan Limited (CDC) in the board meeting held on Tuesday. The nominated directors opposed the proposal in relation to nomination of Hussain Lawai for the said post and the KSE chairman used his casting vote right against the nomination of Hussain Lawai.
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Mixed trend on stock marketKARACHI (March 11, 2010): After witnessing mixed trend, the KSE-100 index on Wednesday closed at 9,784.98 points level with a marginal loss of 2.05 points due to profit taking opted by investors. The market opened on a positive note and the index hit 9,842.72 points intra-day high, up 55.69 points.
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BRIndex30 down 3.54 pointsKARACHI (March 11, 2010): On Wednesday, the BRIndex30 opened at 8,578.30 points and after remaining in positive for almost an hour, it fell and then largely remained in negative. It touched intraday high of 8,631.37 and low of 8,543.80 poinys and closed at 8,574.76 points showing negative change of -3.54 points or -0.04 percent. The volume was 98,387,134 shares, which was 76.96 percent of KSE All share volume and 91.1 percent of KSE 100 volume.
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Kodvavi unanimous choice for CDC chairmanship: KSE board divided over naming LawaiKARACHI (March 11, 2010): The board of directors of Karachi Stock Exchange on Tuesday was divided over the proposal for nomination of chairman of the Central Depository Company of Pakistan Limited, it is reliably learnt. Sources said that all the four nominated directors and the MD of the exchange were in favour to propose the name of Hussain Lawai as the chairman of CDC.
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SBP accepts over Rs 88 billion bids of MTBsKARACHI (March 11, 2010): The State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 88,339.775 million with realised value of Rs 81,357.159 million, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs).
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