LSE-25 Index up by 19.36 points
2013-05-14 20:35:25 GMT : (Pakistan/Markets)
LAHORE: Lahore Stock Exchange on Tuesday witnessed bullish trend by gaining 19.36 points as the LSE-25 Index opened with 4195.03 and closed at 4214.39 points. The market's overall situation also corresponded to an upward trend as it remained at 6.122 million shares to close against previous turnover of 5.762 million shares, showing an upward move of 360,100 shares. While, out of the total 98 a...
AMISP issues rates of commodities
2013-05-14 08:52:13 GMT : (Pakistan/Markets)
LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of agriculture products in local market on Tuesday.Following are the per 100 kg rates of different agriculture products in Lahore market:Maize minimum Rs 2300 and maximum 2700, Rice Super Basmati (New) minimum Rs 10500 and maximum Rs 11500, Rice Basmati (old) minimum Rs 12000 and maximum Rs 13500, white sugar minimum Rs ...
SECP takes actions against noncompliant market participants
2013-05-09 19:43:19 GMT : (Pakistan/Markets)
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has endeavored to continue its efforts for the development of a transparent and efficient stock market by ensuring investors' protection and strengthening the enforcement procedures."Adopting an aggressive approach for the prevalence of a fair market, the Securities Market Division (SMD) has been practicing vigilant supervisi...
LSE downs by 19.41 points
2013-05-07 19:29:46 GMT : (Pakistan/Markets)
LAHORE: Bearish trend prevailed in Lahore Stock Exchange on Tuesday as it shed 19.41 points, following the LSE-25 index opened with 4030.37 and closed at 4010.96 points. The market's overall situation, however, corresponded to an upward trend as it remained at 3.168 million shares to close against previous turnover of 1.693 million shares, showing an upward slide of 1.474 million shares. Whil...
US Consulate's Economic Officer visits Lahore Stock Exchange
2013-05-07 19:17:27 GMT : (Pakistan/Markets)
LAHORE: The US Consulate Lahore's Economic Officer Ms. Doreen Bailey visited Lahore Stock Exchange to take an insight of Capital Market of Pakistan. The LSE Managing Director and CEO Aftab Ahmad Chaudhry along with his staff shared the structure and performance of the capital market of Pakistan. He appraised her about Pakistan's capital market by sharing the current market capitalization t...
Lahore Stock Exchange up by 3.43 points
2013-05-06 20:49:38 GMT : (Pakistan/Markets)
LAHORE: Lahore Stock Exchange on Monday witnessed bullish trend by gaining 3.43 points as the LSE-25 Index opened with 4046.27 and closed at 4049.70 points. The market's overall situation also corresponded to an upward trend as it remained at 1.693 million shares to close against previous turnover of 1.144 million shares, showing an upward move of 549,100 shares. While, out of the total 107 a...
LSE leads MCB Bank's corporate briefing
2013-05-06 20:46:18 GMT : (Pakistan/Markets)
LAHORE: Lahore Stock Exchange under its Corporate Communications Department on Monday led the corporate briefing programme for Muslim Commercial Bank (MCB). This programme encourages companies to come forward and share their financial and non-financial projects before the members, TREC Holders, investors and the media to bridge communicational gap between the listed companies and the market parti...
12.915m cotton bales reach ginneries across Pakistan
2013-05-03 21:23:30 GMT : (Pakistan/Markets)
MULTAN: Seed cotton (Phutti) equivalent to over 12.915 million bales of cotton or 12,915,585 bales have reached ginneries across Pakistan as of May 1 showing a shortfall by 12.81 per cent compared to corresponding period last year. According to fortnightly report of Pakistan Cotton Ginners Association (PCGA) issued here Friday, out of the total arrivals, 12.912 million bales of cotton have been co...
Unhygienic meat shops goes unchecked in twin cities
2013-04-30 08:57:16 GMT : (Pakistan/Markets)
ISLAMABAD: Unhygienic meat Shops in twin cities of Islamabad Rawalpindi are playing havoc with the public's health, which is causing different diseases among the citizens while the authorities concerned are silent over the issue.Meat shops in almost all the markets of twin cities, which have been identified as a major source of environmental pollution in the surrounding localities due to insuf...
PSO's after tax profit increased by 3.8 percent
2013-04-23 19:19:47 GMT : (Pakistan/Markets)
ISLAMABAD: The Pakistan State Oil (PSO) has posted sound financial results over the nine months from July, 2012 to March, 2013 with its earnings after tax increased by 3.8 percent.The Board of Management met at PSO House to review company's performance for the first nine months of the financial year 2013.The meeting was chaired by Ahsan Bashir and members in attendance were Dr. Mirza Ikhtiar B...
Most kitchen items become dearer
2013-04-21 07:06:57 GMT : (Pakistan/Markets)
ABDUL RASHEED AZADISLAMABAD: Prices of most of the kitchen items have registered a substantial increase especially vegetables and fruits during this week past against the corresponding period of last week, a survey carried out by Business Recorder revealed.During the week under review the prices of onion, ginger, garlic, tomatoes, mutton, beef, potatoes, okra, peas, bengan, beans, shimla mirch cau...
RECORDER REPORT: KSE mid day update
2013-04-19 06:58:37 GMT : (Pakistan/Markets)
KARACHI: On Friday, until mid day, KSE-100 Index was at 18712.39 with a positive change of 98.03 and volume of 42,727,500 shares.High and Low were 18712.39 and 18609.87 respectively. Total volume traded in the market was 64,629,050 shares with 250 total traded companies out of which 149 were up, 83 were down and 18 were unchanged.Chemicals was the top traded sector with total traded volume of 12,5...
Lahore Stock Exchange up by 31.33 points
2013-04-18 19:47:59 GMT : (Pakistan/Markets)
LAHORE: Lahore Stock Exchange on Thursday witnessed bullish trend by gaining 31.33 points as the LSE-25 Index opened with 4026.05 and closed at 4057.38 points. The market's overall situation also corresponded to an upward trend as it remained at 2.761 million shares to close against previous turnover of 2.385 million shares, showing an upward move of 375,500 shares. While, out of the total 96 ...
RECORDER REPORT: KSE mid day update
2013-04-18 07:43:31 GMT : (Pakistan/Markets)
KARACHI: On Thursday, until mid day, KSE-100 Index was at 18540.09 with a positive change of 145.97 and volume of 36,577,650 shares.High and Low were 18547.97 and 18382.29 respectively. Total volume traded in the market was 69,093,410 shares with 257 total traded companies out of which 164 were up, 82 were down and 11 were unchanged.Construction and Materials (Cement) was the top traded sector wit...
SECP reviews BTU rules to develop capital market
2013-04-17 21:23:25 GMT : (Pakistan/Markets)
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) with the approval of the federal government has reviewed the existing Ballotters, Transfer Agents & Underwriters Rules, 2001 and drafted two separate sets of regulatory frameworks, viz. the draft Underwriter Rules, 2013, and the draft Balloters and Transfer Agent Rules, 2013. "The revision of BTU rules is SECP's one of th...
KSE shifts two companies to normal counter
2013-04-15 08:14:20 GMT : (Pakistan/Markets)
KARACHI: Karachi Stock Exchange (KSE) here Monday announced shifting two companies from ‘defaulters’ segment’ to ‘normal counter’ and commencement of trading in their shares.A KSE release said Mandviwala Mauser Plastic Industries Limited and Dandot Cement Company Limited have rectified the default of Listing Regulation No.30(1)(e) relating to non-payment of Annual Listing Fee.In view of ...
Prices of most essential food items increase sharply
2013-04-14 07:52:07 GMT : (Pakistan/Markets)
TAHIR AMINISLAMABAD: Prices of most of the essential food items including vegetables and fruits registered a sharp increase in the week past as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.Traders and wholesalers in different markets of the twin cities Rawalpindi and Islamabad revealed that due to the recent rains in most parts of the country, ar...
Apex regulator will continue to take corrective measures: SECP
2013-04-11 19:27:54 GMT : (Pakistan/Markets)
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has categorically stated that the regulator will continue to take corrective measures to eliminate market manipulation. In a statement by the spokesman of the apex regulator it was stated that SECP will not budge to attempts to malign it. It said that recently, the SECP has initiated various actions on account of security market fr...
Prices of most of kitchen items remain stable
2013-04-07 05:32:22 GMT : (Pakistan/Markets)
WAQAR LILLAH ISLAMABAD: The prices of most of the essential kitchen items remained stable with slight increase in vegetables prices last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.Traders and wholesalers in different markets of the twin cities of Rawalpindi/Islamabad told that prices of most of the non-perishable food items remained unc...
Punjab Cabinet approves wheat procurement drive
2013-04-07 05:25:58 GMT : (Pakistan/Markets)
RECORDER REPORTLAHORE: Punjab Cabinet in its first meeting chaired by caretaker Chief Minister Najam Sethi here on Saturday approved wheat procurement campaign 2013-14. Punjab ministers, chief secretary, secretaries attended the meeting.The cabinet meeting while dwelling on wheat procurement campaign kept four million metric tons as its target.Chief Minister Sethi on the occasion said that all arr...