Hostility on the border stresses Pakistan equities
KARACHI: Border tensions between Pakistan and India remained on the forefront during the week ended March 01, 2019 resulting in a volatility for the Pakistan Stock Exchange (PSE) benchmark KSE-100…
Pakistan Stock Exchange honours tycoon Hussain Dawood
The Chairman of the Board of Dawood Hercules Corporation (DH) & Engro Corporation, Mr. Hussain Dawood and his team, visited the Pakistan Stock Exchange to open the trading session with…
KPK Finance Minister visits Pakistan Stock Exchange
KARACHI: Minister for Finance of Government of KPK, Mr. Taimur Saleem Khan Jhagra visited the Pakistan Stock Exchange to open the trading session with the gong ceremony, a press release…
Pakistan equities decline 1.0 percent in the week
KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index corrected 1.0 percent, down 401 points, for the week ended February 15, 2019 as investors opted for profit taking post a 10…
NCCPL further delays KYC Information System for Pakistan Stock Exchange
KARACHI: The national Clearing Company of Pakistan (NCCPL) has further delayed the implementation of KYC information System (KIS) due to revision in Know Your Customer Organization (CKO) regime. It may…
KSE-100 Index takes a breather after five weeks, sheds 0.5 percent
KARACHI: After five consecutive bullish weeks, Pakistan Stock Exchange (PSX) benchmark KSE-100 Index closed 0.55 percent down at 40,887 points for the week ended February 8, 2019, as investors resorted…
‘PSX is a viable platform for meeting the infrastructural financing needs of the government’
KARACHI: Chairman Securities and Exchange Commission of Pakistan (SECP) Farrukh H. Sabzwari, along with his team comprising, Commissioner (Securities Market Division) and Executive Director, Securities Market Division, visited the Pakistan…
PM Imran Khan agrees to ease taxation on equity trading
KARACHI: Prime Minister Imran Khan has assured stock brokers to rationalize taxation regime on stock market and equity trading. A meeting of PSX delegation lead by the Chairman Sulaiman S…
PSO acquires Shell UK’s shareholding in Pakistan Refinery
KARACHI: Pakistan State Oil Company (PSO) has acquired 84 million Class-B shares of Shell Petroleum Company Limited, United Kingdom in Pakistan Refinery Limited (PRL), a bourse filing said. The aforesaid…
Pakistan’s KSE-100 index slips 1.9 percent
KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index closed down 1.9 percent or 791 points at 40,869 points mainly led by rout in exploration and production (E&P) stocks owing to…
KSE-100 sheds 0.66 percent; analysts predict profit-taking coming week
KARACHI: Trading at Pakistan Stock Exchange (PSX) this week commenced on a negative note, partly carried from the previous week as investors were doubtful about the success of the Prime…
Pakistan stock exchange to delist Dewan Automotive Engineering Limited
KARACHI: Pakistan Stock Exchange (PSX) has proposed delisting of two companies namely Dewan Automotive Engineering Limited and Abdullah Shah Ghazi Sugar Mills Limited due to default. PSX has notified that…
Pakistan’s equity market witnesses a volatile week
KARACHI: Pakistan equities experienced a volatile week ended November 09, 2018 as investors were left disappointed by the results of Prime Minister Imran Khan’s visit to China, particularly by no…
Pakistan’s exploration & production companies post 72 percent growth in profitability
KARACHI: The exploration and production (E&P) companies listed on Pakistan Stock Exchange (PSX) depicted an increase of a stellar 72 percent in their profitability for the quarter ended March 31,…
Pakistan stocks tumble over Panama case hearing
KARACHI: Pakistan stocks exchange witnessed a volatile session on Tuesday with profit taking being the day’s highlight on political uncertainty, dealers said. Ahsan Mehanti at Arif Habib Corp in an…
Pakistan stocks witness slight correction
KARACHI: Pakistan Stocks Exchange (PSX) witnessed a slight correction on Wednesday as after crossing 49k mark, the benchmark index settled 0.25 percent down, dealers said. The KSE-100 shares index shed…
Workers Welfare Fund: Tax or Fee, Controversy back to SHC in a STRA
KARACHI: Although a division bench of High Court of Sindh has declared the contributions to Workers Welfare Fund as tax as back as 2013 but the controversy is back to…
PSX receives overwhelming response to its invitation for expression of interests
KARACHI: Pakistan Stock Exchange Limited (Formerly: Karachi Stock Exchange Limited) has received an overwhelming feedback from foreign as well as local investors in response to its invitation for Expression of…
MSCI upgraded Pakistan to EM/ Flows likely to increase
KARACHI: Morgan Stanley Composite Index (MSCI) has upgraded Pakistan Market from MSCI Frontier Markets (FM) Index to MSCI Emerging Markets (EM) Index. This will be effective from May 2017. After…
New fully automated sales tax return filing system from July 01
KARACHI: Secretary Policy FBR Raja Vishnu Qavi has said a new fully automated sales tax system is being implemented from July 01, 2016, which would reduce post-filing discrepancies. “We expect…