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...
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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...
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KARACHI: The bears eased their grip on Karachi Stock Exchange (KSE) following announcement of strong financial results by Muslim Commercial Bank (MCB) on Friday.The benchmark KSE-100 Index closed just 3 points down to 9,151 on last trading day of the week.The share market opened in the green zone and remained positive in the first trading session. The investors offloaded some of their holdings in the...
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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...
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Friday.The benchmark KSE-100 Index closed just 3 points down to 9,151 on last trading day of the week.The share market opened in the green zone and remained positive in the first trading session. The investors offloaded some of their holdings in the second session after the bomb blast in Peshawar. However, MCBs strong financial results brought support to the market and the major Index closed only 3...
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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...
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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...
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Rupee today snapped a two-day fall and rose by 23 paise to firm up at 46.50 against the dollar on stabilising of the domestic share market, which could fuel more foreign capital inflows.The partially convertible rupee resumed firm at 46.52, later it was at 46.45/46 per dollar, 0.6 per cent, stronger than its close of 46.73/74 the previous day, when it had dropped as low as 46.82, its lowest since Oct...
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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,...
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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...
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