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Karachi Exchange May End Curbs as Pakistan Fund Props Up Stocks

November 20th, 2008 Sana · No Comments

Source: Bloomberg
Nov. 20 (Bloomberg) — The Karachi Stock Exchange may end rules barring investors from selling equities once the government puts in place a $252 million fund to support share prices and the economy improves, the bourse’s managing director said.
“It would be irresponsible to remove the curbs without the necessary stabilization measures,” Adnan Afridi, managing […]

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Filed Under: Business

Pakistan Stocks End Little Changed as Limits Curb Trading

September 1st, 2008 Sana · No Comments

Source: Bloomberg
Sept. 1 (Bloomberg) — Pakistan’s benchmark index closed little changed as emergency trading limits continued for the third day to halt a slide in stocks that sent the benchmark index down 42 percent since April.
The Karachi Stock Exchange 100 index rose 1.89 points, or less than 0.1 percent, to 9,210.15 at the close. Sixty-eight […]

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Filed Under: Business

Pakistan stocks extend plunge; investors protest

July 17th, 2008 Aimon · No Comments

Source: The Hindu

Growing economic and political uncertainty pushed Pakistani shares to new depths on Thursday and triggered violent protests at the Karachi Stock Exchange.
By Thursday afternoon, the exchange’s benchmark 100-share index was down 4.2 percent at 10,056 points. The index is at an 18-month low and has fallen about 36 percent from an all-time high […]

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Filed Under: Business · Politics

Pakistan acts to stem share fall

June 24th, 2008 Aimon · No Comments

Source: BBC
Pakistan’s main stock index has surged after its owner, the Karachi Stock Exchange (KSE), announced measures to stabilise the market.
The KSE’s 100 share index gained 782.74 points, or 7%, to 11,944.91 after reaching a 15-month low on Monday.
A crisis of confidence in Pakistan’s economy and uncertainty about its ruling party have hit shares recently.
The […]

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Filed Under: Business

Pakistan stock market has huge potential: US ambassador

May 10th, 2008 Sana · 3 Comments

Source: Daily Times
KARACHI: US Ambassador to Pakistan, Anne W Patterson, Thursday visited Karachi Stock Exchange (KSE) and held a meeting with its management and board of directors.
US Consul General Kay L Anske and Press Attache Elizabeth O Colton were also present on the occasion.
Speaking on this occasion, she said that Pakistan stock market has a […]

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Filed Under: Business

Pakistan shares close sharply higher after elections

February 19th, 2008 Sana · No Comments

Source: Forbes
KARACHI, Pakistan (Thomson Financial) - Pakistan shares closed 3.19 percent higher Tuesday after a relatively peaceful election with the former ruling party conceding defeat.
The Karachi Stock Exchange’s main index finished 458 points higher at 14,812.
Trading was closed Monday during a public holiday for the national parliamentary elections.
Pakistani President Pervez Musharraf’s political allies conceded defeat […]

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Filed Under: Business

Despite Political Turmoil, Stock Analysts Say Pakistan Has Its Attraction

January 21st, 2008 Sana · No Comments

Source: VOA
Assassination, riots and bombings hardly make Pakistan an investor’s dream. But as VOA’s Heda Bayron reports from our Asia News Center in Hong Kong, some stock analysts say Pakistan offers opportunities as well as risk.
At a time when Western magazine covers call Pakistan the world’s most dangerous country, Mark Matthews, Asia stock strategist at […]

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Filed Under: Business

Pakistan’s paradox: bombs, blood and record profits

January 10th, 2008 Sana · No Comments

Source: Reuters
By Mark Bendeich
KARACHI (Reuters) - A little more than six years ago, immediately after the September 11 attacks on U.S. cities, few sane investment advisers would have recommended Pakistani stocks.
They should have. Their clients could have made a fortune.

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Filed Under: Business