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REIT

REIT declares dividend of Rs3 per unit in first year of its listing

KARACHI: Globe Residency REIT (GRR), Pakistan’s first listed Developmental Real Estate Investment Trust (REIT), ...

Published 16 Sep, 2023 03:03am

Business & Finance

Dolmen City REIT announces 18.1% annualised dividend for FY23

The Board of Directors of Dolmen City REIT (DCR) declared and approved a final cash dividend of Rs0.50 per unit, in...

Published 19 Jul, 2023 03:16pm

Non-residents: REIT RMCs allowed to issue units thru private placements

KARACHI: The State Bank of Pakistan (SBP) has granted general permission to Real Estate Investment Trust (REIT)...

Updated 25 Mar, 2023 08:46am

Editorials

Ishaq Dar’s address: misplaced optimism?

EDITORIAL: Federal Finance Minister Ishaq Dar gave an impassioned virtual address to mark the first listing of the...

Published 30 Dec, 2022 05:50am

Dar addresses ebbing investor confidence

KARACHI/ISLAMABAD: Finance Minister Ishaq Dar Wednesday assured the investors that Pakistan won’t default, adding...

Updated 29 Dec, 2022 08:45am

Business & Finance

Globe Residency REIT: First developmental REIT starts trading at PSX

Arif Habib says REIT instrument gives investors fresh avenue for safe investment

Published 28 Dec, 2022 04:44pm

Business & Finance

Market capital plummets 35pc in dollar terms: Another bad year for Pakistan stocks

KARACHI: The outgoing 2022 was another bad year for Pakistan stocks where the market capitalization of listed...

Published 25 Dec, 2022 03:29am

Business & Finance

Globe Residency REIT raises Rs388m

KARACHI: Javedan Corporation Limited has received a subscription of Rs 387,945,000 from the general public through a...

Published 21 Dec, 2022 06:39am

Opinion

Blackstone REIT restriction a possible warning sign for markets

While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone...

Published 04 Dec, 2022 03:37am

Technology

TPL REIT Management Company, TASC Towers partner in bid to acquire telecom tower infrastructure

Duo participates as consortium in auction process for acquisition through an infrastructure REIT

Published 21 Sep, 2022 11:41am

Business & Finance

Silkbank to receive Rs12bn equity to consolidate its financial health

KARACHI: Backed by the significant announcement by Silkbank Limited of an Expression of Interest from M/s. Park View...

Published 10 Jun, 2022 07:00am

Markets

Tarin warns 'speculators', says rupee will reverse direction

Advisor to PM on finance says, based on REER, the currency should be around 165-167 against the US dollar
Remarks come amid reports that rupee crossed 176 in inter-bank trading on Friday

Updated 26 Nov, 2021 07:59pm

Real Estate Investment Trusts: Special purpose vehicles to get income tax exemption

ISLAMABAD: The government has decided to grant income tax exemption to the special purpose vehicles (companies) of...

Updated 23 Nov, 2021 09:40am

Business & Finance

Saudi Arabia's SAC to sign agreement for investment in Pakistan's real estate project

Rs100-billion 'Sapphire Bay' is to be built under developmental REIT, will be listed within 3 years

Updated 18 Nov, 2021 11:00am

Business & Finance

Tapping govt's favourable view, TPL eyes Pakistan's biggest REIT

Plans to raise $500 million through private placement

Published 31 Aug, 2021 07:59pm

Construction industry: FBR gives incentives to developers and builders

ISLAMABAD: The Federal Board of Revenue (FBR) has provided certain incentives to the developers and builders of the...

Updated 05 Jul, 2021 09:31am

Markets

SECP approves REIT Scheme registration

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has accorded approval for registration of the...

Published 02 Jul, 2021 04:20am

Business & Finance

Pakistan to see its first set of developmental REITs

Silk Islamic Development REIT to be launched within a week, says REIT management company's CEO

Published 01 Jul, 2021 09:35am

Pakistan

‘Revamped REIT rules to unleash big boom in real estate sector’

ISLAMABAD: The new reforms to the Real Estate Investment Trust (REIT) Regulations notified by the Securities and...

Published 11 Jun, 2021 03:41am

Pakistan

SECP revamps REIT regulations

ISLAMABAD: To promote investment in the real estate sector through Real Estate Investment Trusts (REITs), the...

Published 09 Jun, 2021 03:29am

Pakistan

REIT management companies appreciate SBP’s decision

KARACHI: Real Estate Investment Trusts (REITs) management companies have appreciated amendment in Basel Capital...

Published 03 Jun, 2021 04:13am

Business & Finance

Bondholders hire Rothschild to help oppose Dubai fund revamp

DUBAI: A group of creditors has hired financial adviser Rothschild and law firm Clifford Chance to help oppose the...

Published 24 May, 2021 04:03am

Markets

Shanghai Stock Exchange starts accepting REIT applications

SHANGHAI: The Shanghai Stock Exchange said Wednesday it had started accepting applications for publicly offered...

Published 26 Apr, 2021 03:29am

Business & Finance

How will govt Income Tax (Amendment) Bill 2021 impact industry?

Regarding the removal of tax exemption on the sale of immovable property to REITs, the report was of the view that this will not impact listed REITs.
However, this may have a negative impact on potential REIT listings.

Published 13 Mar, 2021 01:52pm

SECP grants licence to two new REITs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted licence to two new Real Estate...

Updated 10 Jan, 2021 03:24am

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Oct 5 Security Investment Bank Limited(SIBL)	4.50 ▲ 0.79 (21.29%)
F.Credit & Inv / Oct 5 First Credit and Investment Bank Limited(FCIBL)	5.75 ▲ 1.00 (21.05%)
Premier Insurance / Oct 5 Premier Insurance Limited(PINL)	7.11 ▲ 1.00 (16.37%)
Punjab Mod / Oct 5 First Punjab Modaraba(FPJM)	1.59 ▲ 0.19 (13.57%)
Jubilee Spinning / Oct 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	4.55 ▲ 0.54 (13.47%)
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	1.40 ▲ 0.15 (12.00%)
Hala Enterprise / Oct 5 Hala Enterprises Limited(HAEL)	9.99 ▲ 1.00 (11.12%)
Tariq Corp.Pref. / Oct 5 Tariq Corporation Limited-Preference Shares(TCORPCPS)	10.34 ▲ 1.00 (10.71%)
Tri-Star Mutual / Oct 5 Tri-Star Mutual Fund Limited(TSMF)	4.95 ▲ 0.46 (10.24%)
Saif Textile / Oct 5 Saif Textile Mills Limited(SAIF)	9.01 ▲ 0.76 (9.21%)

Stock	Price
D.S. Ind. Ltd. / Oct 5 D.S. Industries Limited(DSIL)	2 ▼ -0.20 (-9.09%)
Aisha Steel(ConPS) / Oct 5 Aisha Steel(ConPS)(ASLPS)	7.50 ▼ -0.67 (-8.20%)
Al-Shaheer Corp / Oct 5 Al Shaheer Corporation Limited(ASC)	9.47 ▼ -0.78 (-7.61%)
Sunrays Textile / Oct 5 Sunrays Textile Mills Limited(SUTM)	92.50 ▼ -7.50 (-7.50%)
Baba Farid Sugar / Oct 5 Baba Farid Sugar Mills Limited(BAFS)	26.82 ▼ -2.17 (-7.49%)
Hussain Industries / Oct 5 Husein Industries Limited(HUSI)	14.25 ▼ -1.15 (-7.47%)
S.S.Oil / Oct 5 S.S.Oil Mills Limited(SSOM)	77.75 ▼ -6.25 (-7.44%)
Idrees Tex. / Oct 5 Idrees Textile Mills Limited(IDRT)	14 ▼ -1.00 (-6.67%)
Leather Up Ltd. / Oct 5 Leather Up Limited(LEUL)	10.02 ▼ -0.69 (-6.44%)
Habib Rice Products / Oct 5 Habib Rice Product Limited(HRPL)	37.11 ▼ -2.39 (-6.05%)

Stock	Volume
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	150,424,567 ▲ 0.15
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	19,001,237 ▼ -0.02
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	12,964,688 ▲ 0.33
Bankislami Pak. / Oct 5 BankIslami Pakistan Limited(BIPL)	11,151,938 ▼ -0.66
Oil & Gas Dev. / Oct 5 Oil & Gas Development Company Limited(OGDC)	9,902,658 ▼ -0.50
Unity Foods Ltd / Oct 5 Unity Foods Limited(UNITY)	8,538,353 ▼ -0.50
Habib Bank / Oct 5 Habib Bank Limited(HBL)	6,414,290 ▲ 5.38
P.I.A.C.(A) / Oct 5 Pakistan International Airlines Corp(PIAA)	6,392,500 ▲ 0.01
Maple Leaf Cement / Oct 5 Maple Leaf Cement Factory Limited(MLCF)	6,294,646 ▲ 0.47
Air Link Com. / Oct 5 Air Link Communication Limited(AIRLINK)	6,076,059 ▲ 1.77

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	284.85
USD PKR Interbank Buying / Oct 4	284.65
USD to Japanese Yen / Oct 4	148.93
USD to Swiss Franc / Oct 4	0.92
Pound Sterling to USD / Oct 4	1.21
Euro to USD / Oct 4	1.05
UK LIBOR % / Oct 3	5.44

Stock	Volume
S&P 500 / Oct 3	4229.45
India Sensex / Oct 3	65512.10
Nasdaq / Oct 3	13059.47
Dow Jones / Oct 3	33002.38
Tokyo Nikkei / Oct 4	30526.88
Hang Seng / Oct 4	17177.48
FTSE 100 / Oct 4	7475.08
Germany DAX 30 / Oct 4	15028.34
France CAC40 / Oct 4	6985.57

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 3	18235
Gold 10 Grams PKR / Oct 3	172410
Crude Oil USD/Barrel / Oct 4	88.50
Gold Spot USD/Ounce / Oct 4	1822.59
Cotton US¢/pound / Oct 4	87.47

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