02152016Mon
Last update: Mon, 15 Feb 2016 02am

Markets

Pakistan - Markets

ISE sheds 14.98 points  ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Tuesday witnessed a bearish trend as the index was down by 14.98 points to close at 3135.39 as compared to the previous day's trading. Stock Analyst M.M Hassan told APP that the technical correction seemed due the profit taking by the major investors in the local stock market. Besides, the major positions were also taken, when the index went down resulting an increase in the volume of the market, he added. He said that the rise in the volume of market and the buying at the lower level of index indicated the positive sentiments in the future for capital market. Total volume of shares traded was 297,000, which was up by 8,000 as compared a day earlier's closing. Of 123 companies' shares traded, the price of 45 was increased while the price of 78 witnessed a decline. The price of top gainer National Foods was increased by Rs.12.29 while ...

Pakistan - Markets

Dr Salman Shah elected LSE chairman  RECORDER REPORT LAHORE: The Board of Directors of the Lahore Stock Exchange Limited (LSE) on Monday elected Dr Salman Shah new Chairman of the Board. Dr. Shah is a Lahore based prominent Economist and holds a PhD in Finance and Economics from Indiana University, Bloomington’s Kelley School of Business. He is the CEO of Bridge Asia Financial Services. Earlier, he was the Finance Minister and Advisor to Prime Minister on Finance and Revenue at Ministry of Finance, Government ...

Pakistan - Markets

Trading in NALCL shares suspended for 60 days  RECORDER REPORT KARACHI: The management of Karachi Stock Exchange has decided that the trading in the shares of National Asset Leasing Corporation Limited will remain suspended for a further period of 60 days with effect from September 04, 2012. According to a KSE notice issued here on Monday, the National Asset Leasing Corporation Limited has not so far removed the cause of suspension of trading in the shares. The management of Karachi Stock Exchange has taken this ...

Pakistan - Markets

ISE gains 5.94 Points  ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Monday witnessed a bullish trend as the index was up by 5.94 points to close at 3150.37 as compared to the previous day's trading. Stock Analyst Ibrahim told APP that the buying by the major investors in the local stock market led the positive sentiments. Besides, the major positions were also taken, when the index went down resulting an increase in the volume of the market, he added. He said that ...

Pakistan - Markets

Spot rates of cotton (Crop 2012-2013) KARACHI: Karachi Cotton Association (KCA) Monday announced the following KCA Spot rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16" Micronaire value between 3.8 to 4.9 NCL. ================================================================== Rate                Ex-Gin         Up-country          Spot Rates for                 Price          Expenses            Ex-Karachi 37.324 kgs          5,750          155                 5,905    Equivalent 40 kgs              6,162          155                 6,317 ================================================================== Copyright APP (Associated Press of Pakistan), 2012 ...

Pakistan - Markets

Gold soars by Rs850 per tola  RECORDER REPORT KARACHI: The prices of gold on Saturday touched Rs 51,000 per 10 gram mark, up from Rs 50,271 on the local market, traders said. The price of gold per tola went up by Rs 850 to Rs 59,500, following an increase in the value of precious metal on the global market to $1692 an ounce from $1659 an ounce, traders said. The price of silver is now Rs1050 per tola and Rs900 per 10 gram, they ...

Pakistan - Markets

Gold jumps to Rs 51,000  KARACHI: Gold jumped by Rs 429 to close at Rs 51,000 per 10 grams in the local market Saturday as its international price soared to $ 1,692 an ounce, market sources said. According to Karachi Saraf Association official, tola (11.664 grams) price also surged by Rs 500 to Rs 59,500. Silver closed higher at Rs 900 per 10 grams. Copyright APP (Associated Press of Pakistan), 2012 ...