Sadiq Rizvi

  • TKARACHI - The stock market witnesses bearish activity on Friday as security situation in the country worsened after the Rawalpindi blast, while the 100-index shed 87 points and closed at 9,009 levels. Investors at the market remained concerned over prevailing political uncertainty, said leading ...

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  • TKARACHI - The KSE 100-index witnessed slender recovery on Wednesday after yesterdays grim session at the bourse, while benchmark added 75 points to close at 9,087.70 points. Investors chose to remain sidelined as uncertainties continued to hover, especially on the political front. Attractive ...

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  • TKARACHI - Psychological impact of Dubai debt problems and global financial crisis resulted in bearish activity at the local bourse on Tuesday as KSE 100-index lost 193 points to close at 9,013 levels. Heat from Dubai debacle, although psychological, forced the local bourses to melt with a high ...

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  • TKARACHI - The branch network of Islamic banks in Pakistan expanded to 528 in June 2009 compared with around 326 branches in June 2008. According to the State Bank recent document, over the last few years, the Islamic finance industry is reportedly growing at around 15 percent globally. Considered ...

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  • TKARACHI - Mixed activities at the KSE resulted in nominal change on board ahead of Eid holidays as benchmark 100-index added only one point to close at 9,206 levels. Sluggish opening pushed the index into the negative territory, wherein the index heavy weight OGDC played a major role, as the stock ...

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  • TKARACHI - Unexciting behaviour of the local equity market continued to hamper investor sentiments and kept them at bay on Wednesday as the KSE 100-index shed 29 points to close at 9,204 levels. Once again merely 20-stocks crossed over the one million share trading volume while only one stock ...

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  • TKARACHI - The fertilizer offtake stood at 7.1 million tons during Jan-Oct 2009, up by 23 per cent compared to 5.8 million tons last year. This increased demand was driven primarily by expectations of bumper crop yields during the current season. According to the latest data released by the National ...

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  • TKARACHI - An extremely dull and dry session grabbed the local bourse on Tuesday while the benchmark index remained positive and maintained its stance till closing bell, adding 11 points to close at 9,233.70 points. Moreover, meagre turnover was observed as volumes were down by 1.32m shares as ...

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  • TKARACHI - The Karachi stock market Friday portrayed a dullish yet highly volatile session especially in the first half as the benchmark 100-index dipped 9.82 points to close at 9,159 level. The local bourse started the day in green zone with a gain of 42.74 points and touched intraday highest ...

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  • TKARACHI - The KSE 100-index lost another 82 points or 0.90 percent on Thursday as selling activity grabbed the local bourse while stocks closed at 9,169 points. Investors remained concerned over security situation in the country and limited commitments on Pakistan by US war on terror. Moreover, ...

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  • TKARACHI - Despite Hillary Clintons three-day visit intended to gain support in the fight against terrorism and better than expected corporate earnings, the market remained choppy as the KSE 100-index on Wednesday shed 64 points to close at 9,251 points. Subsequently due to a deadly bomb blast in ...

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  • TKARACHI - The local bourse depicted a precarious session on Tuesday as the benchmark 100-index failed to continue its previous day surge and plummeted 58 points to close at 9315 points. Market opened with green numbers, led by E&P and insurance sector stocks, while range bound activity prevailed ...

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  • TKARACHI - Bulls made an impressive comeback at the KSE on Monday as foreign inflows showed strong signs of improvement, while benchmark 100-index gained notable 223 points or 2.44 percent to close at 9,374.50 points. Intense buying was witnessed on the first trading day of the week as dollar based ...

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  • TKARACHI - The price of different varieties of meat has hiked in the metropolis, while the government apparently seems unable to bring down them, The Nation learnt through a brief market survey. It is learnt that the price of beef without bones in the local market is being sold with the cost of Rs ...

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  • TKARACHI - Limited activity restricted local bourse from any big changes on the last trading day of the week as KSE 100-index shed nominal 3.15 points to close at 9,150.85 points on Friday. Confidence expressed by ADB on Pakistans economic stability and improvement in current account deficit ...

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  • TKARACHI - The KSE 100-index loss further 93 points to close at 9,154 points on Thursday as extensive selling continued while investors remained concerned over continuing foreign divestment from local capital market. Strong result announcements and rising global commodity prices supported the market ...

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  • TKARACHI - Panic selling grabbed the Karachi Stock Exchange on the back of SWA operation, resulting in 321 points or 3.36 percent loss in the KSE 100-index on Wednesday. The benchmark 100-index opened with red numbers on board, showing a loss of 51.91 points and index once dropped to sessions lowest ...

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  • TKARACHI - The bulls made a strong comeback at the local equity market on Tuesday as intense buying activity was witnessed in the oversold market, while KSE-100 index gained 1.68 percent or 157 points to close at 9,645 points. The market players took renewed positions in banking stocks as the SBP ...

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  • TKARACHI - Terrorist activities and uncertainty over South Waziristan operation ruined the upward movement of the local equity market on Monday as intense selling turned the KSE 100-index deep red, shedding massive 426 points or 4.34pc to close at 9,411 points. Mild positive opening faced immense ...

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  • TKARACHI - Regaining the confidence of foreign investors on Pakistans economy, the inflow of portfolio investment from the developed countries at local equity market has recorded a massive growth of 235.9 per cent during the first quarter (July-August) of current financial year, 2009-10. Pakistans ...

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  • TKARACHI - Nervousness among investors pertaining to the issues likely to be debated in National Assembly restricted the momentum of the local bourse on Friday as the KSE-100 index shed nominal 7 points to close at 9,838 points. Profit taking was witnessed on the last trading day of the week as ...

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  • TKARACHI - The bears paralysed the upward march of KSE towards 10,000 points level as intense selling was witnessed on governments reservations over Kerry-Lugar Bill while KSE 100-index shed 1.29 percent or 126 points on Monday. Introduction of client level margining did impact the turnover that has ...

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  • TKARACHI - Dollar-based buying mainly in the banking stocks kept the bears away from the local equity market as KSE 100-index added 28 points to close the week at 9,768 points on Friday. Institutional/ retail interest witnessed in banks, oil and cement sectors on expectation of strong result ...

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  • TKARACHI - Selling activity interrupted the upward march of the Karachi Stock Exchange as institutional profit-taking and limited foreign interest restricted the KSE 100-index to 9,741 points with a loss of 95 points on Thursday. Bears were quite visible during the early trading hours, triggered by ...

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  • TKARACHI - As many as 28 shopkeepers were arrested for selling sugar at exorbitant prices and not obeying the orders of Supreme Court orders, while about 99 shopkeepers were fined during the past two days, The Nation learnt on Wednesday. The DCO Karachi Javed Hanif, on the directives of Supreme ...

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  • TKARACHI - Strong buying activity continued at the local bourse as the KSE-100 index looked one step away from the 10,000 points psychological barrier while gaining another 193 points to close at 9,836 points on Wednesday. Karachi stock market capitalization further increased to Rs 2.85tr, showing ...

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  • TKARACHI - The business activity took a u-turn at the equity market on Tuesday as the KSE 100-index recovered losses of previous sessions by adding 155 points or 1.64 per cent to close at 9,643 points. Intense buying was due to renewed foreign interest in oil and telecom scrips ahead of September ...

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  • TKARACHI - Bulls made a strong come back at the Karachi Stock Exchange on the last trading day of the week as the investors gained some confidence ahead of September quarter results, while the KSE-100 index added 1.66 percent or 154 points to close at 9,455 points. Expectation of capital gain in ...

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  • TKARACHI - Profit-taking continued at the local equity market as investors remained nervous amid multiple unfavourable developments over economic front, as a result, KSE 100-index shed 48 points to close at 9,301 points on Thursday. Investors at the market remained concerned over NSS rates ...

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  • TKARACHI - SBP move to keep discount rate unchanged in monetary policy review resulted in heavy selling pressure at the Karachi Stock Exchange on Wednesday as KSE 100-index shed 126 points to close at 9,349 points. The stance of the authorities of not opting for regulatory changes to support the ...

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