Despite uncertain political and law and order situation in Pakistan, the foreign investors are taking interest in share market of the country, Geo News reported Tuesday.According to analysts of stock market, the foreign investors kept on buying the scrips despite the twin bomb blasts in Lahore and Rawalpindi and carried out new buying worth $3.4 million.According to an analyst Muzzammil Aslam, the...
|
trade activity at Karachi Stock Exchange (KSE) remained range-bound throughout the week in the wake of bomb blasts in Peshawar and the worsening law and order situation of the country.However, continued interest of foreign investors in the share market prevented a major slide of the 100 Index, which moved up and down within a range of 400 points in this week.The Index gained 8 points to close at 9,159...
|
KARACHI: The local equities market remained in the grips of bears on Friday too with the benchmark KSE-100 Index further losing 17 points to peg at 9,151.The share market began its activities in upbeat mode and at one stage the major Index was also witnessed at 9256 level. However, later selling in energy scrips led the to close in the red zone.TRG Pakistan was today’s star performer in terms of volume...
|
30 scrip index of the Bombay Stock Exchange (BSE) eased today by 70.31 points to settle in the red at 16,740.50 on profit booking by local operators, despite a positive trend in Asian Markets.After seeing consolidation throughout the session, the share market ended lower today. Shares of realty, telecom, banking, private power and select metal companies witnessed selling pressure.However, buying in...
|
MUMBAI: Rupee further extended losses in afternoon session on Tuesday, in line with the domestic share market, while a pause in the dollar's slide versus major units also hurt. At 1:50 p.m., the partially convertible rupee was at 47.15/16 per dollar, below its previous close of 46.96/97 on Friday. Financial markets were closed on Monday for a holiday. Shares fell 1 per cent in afternoon trade after...
|
Rupee today weakened by four paise at 46.49 against the dollar on fresh demand for the greenback by foreign banks and downward trend at local stock market, traders at the interbank foreign exchange (forex) said here.The Indian unit resumed firm at 46.35 a dollar and then fluctuated in a narrow range between 46.35 and 46.52 a dollar in intra day trade.The Rupee erased early gains and turned weaker,...
|
MUMBAI: The rupee should drop to new three-week lows on Wednesday as lower regional stocks raise concerns of a drop in the domestic share market which could prompt foreign investors to withdraw some investments. The Morgan Stanley index of Asian stocks ex-Japan was down 1.5 per cent while the Nifty India stock futures traded in Singapore were 0.3 per cent lower, both pointing to a lower opening to...
|
MUMBAI: Rupee erased early gains and turned weaker on Tuesday afternoon hit by losses in the domestic share market. At 1:56 pm, the partially convertible rupee was at 46.56/57 per dollar, weaker than 46.46/47 at close on Monday. In early deals, it rose to 46.35, its highest since Oct. 21. Shares erased gains of as much as 1.1 percent and turned negative on Tuesday afternoon, led by declines in No 2...
|
MUMBAI: The rupee ended weak on Tuesday, tracking a downswing in the local stock markets and the euro, which fell to a three-week low against the greenback. Most dealers say considering the dollar is gaining against the euro, the rupee may continue to fall over the next few sessions. The rupee ended at 47.40 against the dollar, 44 paise below its previous close of 46.96 on Friday. Markets were closed...
|
Anti-Corruption Bureau officials on Tuesday arrested Ch. Narayana Swamy, Section Officer in Information Technology and Communication Department of Secretariat, on the charge of amassing wealth illegally.Searches at different places, including his office in the Secretariat and residence at Khairatabad, revealed that he had acquired properties worth over Rs. 1 crore that were disproportionate to his...
|
