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Oil, bank stocks lead KSE up to close at 23, 687 mark

Source: Geo News | 16-08-2013

KARACHI: Led by index heavyweight Oil and Gas Development Co Ltd and MCB Bank Ltd, Karachi Stock Exchange finished higher on Thursday.

The benchmark 100-share index gained 0.32 percent or 74.69 points to close at 23,687.89 mark.

Traders said that below market consensus earnings and payouts offered by Pakistan Oilfields Ltd and Attock Refinery Ltd gave rise to profit taking in most of the other active scrips.

Most of the cements stocks also fell as investors believe that sales will fall due to ongoing flood in the country.

Oil and Gas Development Co Ltd rose 2.67 percent to 264.99 rupees while DGKhan Cement Co Ltd was down 2.88 percent at 83.90 rupees

Govt retires SBP debt: Rs690bn injected into banks

Source: Dawn News | 29-01-2013

The State Bank injected Rs690 billion into the banking system on Monday to meet the liquidity gap created after massive investment in government papers.The central bank injected this large money for four days at the rate of 8.79 per cent.The liquidity gap has been widening as the banks did not stop investing into the government papers despite shrinking retur..... Read more

Asian shares rally after string of upbeat data

Source: Geo News | 02-08-2013

HONG KONG: Asian markets climbed for a second straight session on Friday following another record close on Wall Street and a string of positive economic data from China, Europe and the United States. Buying sentiment was also helped by much welcome earnings results, while investor confidence helped the dollar push higher. Tokyo jumped 1.82 percent, H..... Read more

Oil prices up

Source: Dunya News | 26-12-2013

Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season. New York's main contract, West Texas Intermediate for February delivery, was up 13 cents at $99.35 in afternoon trade while Brent Nor..... Read more

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