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Board Meetings of Companies listed on the Karachi Stock Exchange.

The following transactions member to member subsequently reported on Thursday (May 21, 2015).

The following were the cross transactions between client to client & financial institutions here on Thursday (May 21, 2015).

The government has set a growth target of 5.5 per cent for the next fiscal year and development spending worth Rs 580 billion, said Secretary Finance Dr Waqar Masood on Wednesday. Secretary Finance informed the National Assembly's Standing Committee on Finance during a briefing on budget for the next fiscal year that the government has missed 5.1 per cent GDP growth target for the current fiscal year by 0.9 per cent.
Pakistan and Turkmenistan Wednesday resolved to make earnest efforts for early implementation of a trans-regional TAPI gas pipeline project, terming it a game changer and a win-win situation for all stakeholders. "We stressed the need for fast-tracking progress on trans-regional energy projects, including TAPI to advance the goal of greater regional integration," Prime Minister Nawaz Sharif said while addressing a joint press stakeout along with President of Turkmenistan Gurbanguly Berdimuhamedov here.
Pakistan and Turkmenistan on Wednesday inked an agreement and a Memorandum of Understanding on increasing trade and economic co-operation. The signing ceremony was witnessed by Prime Minister Nawaz Sharif and Turkmenistan's President Gurbanguly Berdimuhamedov here at the Presidential Palace. An agreement on Joint Inter-Governmental Commission on Economic Co-operation was signed Special Assistant to PM Tariq Fatemi and his Turkmen counterpart.
Wednesday was no exception for Karachi stocks that shed another 130.55 points to close at 32,599.00, weighed mainly by concerns about new taxes in FY16 Budget. The investors' cautiousness ahead of the so-called tax-laden federal budget and monetary policy decision helped bears dominate the bourse for the fourth consecutive day during which the benchmark index contracted by 1.5 percent.


Index Closing Chg%
Arrow DJIA 18,285.74 0.01
Arrow Nasdaq 5,090.79 0.38
Arrow S&P 2,130.82 0.23
Arrow FTSE 7,013.47 0.09
Arrow DAX 11,864.59 0.14
Arrow CAC-40 5,146.70 0.26
Arrow Nikkei 20,202.87 0.03
Arrow H.Seng 27,523.72 0.22
Arrow Sensex 27,809.35 0.10

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln