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Pakistan Seeks Funds to Support Stocks, Tarin Says

October 13th, 2008 Sana · 1 Comment

Source: Bloomberg
By Farhan Sharif
Oct. 12 (Bloomberg) — Pakistan plans to set up a fund for expatriates to buy shares of government-controlled companies, before lifting curbs that have shielded investors from a record sell-off in emerging market equities.
The fund will buy stocks including Oil & Gas Development Co., the biggest fuels explorers, National Bank of Pakistan, […]

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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

Maybank Falls on Plan to Buy Pakistan’s MCB Stake

May 6th, 2008 Sana · No Comments

Source: Bloomberg
May 6 (Bloomberg) — Malayan Banking Bhd., Malaysia’s biggest bank, fell to a four-year low in Kuala Lumpur trading on concerns it’s paying too much for a non-controlling stake in Pakistan’s MCB Bank Ltd. and the acquisition may hurt dividends.
The Kuala Lumpur-based company yesterday agreed to buy 20 percent of MCB for as much […]

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Filed Under: Business

Pakistan to Sell Bonds Exchangeable Into State Fuel Firm Shares

April 13th, 2008 Sana · No Comments

Source: Bloomberg
By Shamim Adam and Shobhana Chandra
April 13 (Bloomberg) — Pakistan plans to sell bonds exchangeable into shares of a state-owned company for the first time in more than a decade as the government seeks to finance its budget deficit.
Pakistan last week hired JPMorgan Chase & Co., Barclays Plc and ABN Amro Holding NV to […]

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Filed Under: Business

STOCKWATCH Hungary’s MOL tracks market as Pakistan gas discovery seen small

March 19th, 2008 Aimon · No Comments

Source: Forbes
BUDAPEST (Thomson Financial) - Shares in Hungary’s MOL Nyrt tracked a wider market today as analysts said a gas discovery in Pakistan was too small to impact earnings.
At 9.51 am the shares traded up 0.8 pct at 21,050 forint compared to an 1 pct rise in the BUX index.
‘(The discovery, given MOL’s 10 pct […]

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Filed Under: Business

Pakistan stock index down 0.44 pct on weekend selling

March 7th, 2008 Aimon · No Comments

Source: Reuters
KARACHI - Pakistani stocks ended 0.44 percent lower on the last day of the week on Friday, as investors sold shares to take advantage of higher prices after healthy gains earlier in the week.
The benchmark Karachi Stock Exchange (KSE) 100-share index closed down 67.17 points at 15,078.19 points, after hitting a record 15,179.79 points […]

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Filed Under: Business

Pakistan shares close at new high on foreign buying, growing political stability

February 21st, 2008 Aimon · No Comments

Source: AFX News
KARACHI  - Pakistan shares hit an all-time high on Thursday on strong foreign investor buying after President Pervez Musharraf’s allies suffered a crushing electoral defeat.
The benchmark Karachi Stock Exchange index of 100 shares rose around 1 percent or 142 points to close at 14,972 points, a new all-time high, on the back of […]

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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

Pakistan stocks fall after Bhutto murder

December 31st, 2007 durrani · No Comments

Source: Reuters 
Mon Dec 31, 2007
KARACHI (Reuters) - Pakistan’s shares slid on Monday in its first reaction to the assassination of former prime minister Benazir Bhutto whose death last week plunged the country into one of its deepest crises.
In early trade, the benchmark Karachi Stock Exchange 100-share index (.KSE) fell 4.3 percent, close to the market’s limit of […]

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Filed Under: Business