Archive for the News / Updates Category

KSE allowed 6 month grace period to enter into UTS

Posted on June 2, 2009

ISLAMABAD: The Competition Commission of Pakistan (CCP) has allowed six-month grace period for entering into a Unified Trading System (UTS). The CCP’s announcement issued Monday states the KSE shall enter into a Unified Trading System (UTS) between Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) in line with the international securities market that has [...]

ISE dropped by 37.30 points

Posted on May 30, 2009

ISLAMABAD: The Islamabad stock market closed in the negative territory on Friday as investors booked profits. The ISE 10-share index dropped by 37.30 points to close at 1,695 points from its previous level of 1,732.30 points. Of the total 121 participant companies, 48 climbed upward and 73 turned negative. However, total turnover increased to 1.310 [...]

Pak Budget deficit to be 4.6pc: IMF

Posted on May 28, 2009

ISLAMABAD: International Monetary Fund (IMF) Thursday said that the unemployment rate is likely to increase in Pakistan, as the direct investment in the country and foreign remittances have gone down. Talking to media, IMF Country Director said the third installment of loan will be issued to Pakistan in July; whereas, Pakistan wants more loans in [...]

Buying improves value at Karachi Stock Exchange

Posted on April 28, 2009

KARACHI: Late entry of bulls improved values of leading scrips at Karachi Stock Exchange (KSE) as 100-Index gained 85.14 points to close at 7,430.08. The turnover volume was high at 1818.905 million shares as prices of 179 scrips sustained losses and 136 advanced while 19 remained unchanged. A dealer at a leading brokerage house said [...]

Engro chemical plans de-merger

Posted on April 28, 2009

KARACHI: The board of directors of Engro Chemical Pakistan Ltd, has, in principle agreed to carry out a de-merger of Engro Chemical. According to Engro’s communique to Karachi Stock Exchange here on Tuesday, the board of directors in its meeting today, has agreed to bifurcate fertilizer business of the company and transfer or merge into [...]

Former SECP chief, two colleagues earned millions in bonuses

Posted on April 27, 2009

A former chairman of the Securities and Exchange Commission of Pakistan (SECP), Razi-ur-Rehman Khan, is said to have earned millions of rupees, along with other two Commissioners (one deceased), in the name of performance bonuses.

Draft Code of Conduct for Brokers

Posted on April 26, 2009

The current Code of Conduct for brokers is set out in the Third Schedule to the Brokers and Agents Registration Rules 2001. Apart from a general section on integrity, care and malpractice, it covers duty to the investor, brokers vis-à-vis other brokers, and brokers vis-àvis the Commission and stock exchange. It does not include such things as operational controls, conflicts of interest and proprietary trading.

REFORM SHOWING CLEAR SIGNS OF STABILITY: SHAUKAT TAREEN

Posted on April 26, 2009

Pakistan’s homegrown reform program is showing clear signs of economic stability after the country took some painful decisions under the most difficult environment, Adviser on Finance Shaukat Tareen said as he met with top financial leaders at the annual World Bank-IMF spring gathering. He said Pakistan has met all the benchmarks of the International Monetary [...]

Equities failed to show recovery signs at the Islamabad Stock Exchange

Posted on April 26, 2009

Equities failed to show recovery signs at the Islamabad Stock Exchange (ISE) where major players and short-term margin hunters offloaded their positions to avoid heavy loses amid decrease in index. ISE Ten Index showed a decrease of 54.57 points, as the ISE Ten Index moved from 1,679.15 to 1,624.58 points. The volume of trade amounted [...]

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