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Pakistan stocks end flat on monetary policy tightening fears

Source: Geo News | 13-09-2013

KARACHI: Speculations that State Bank of Pakistan (SBP) will tighten the monetary policy in its upcoming meeting, the Karachi Stock Exchange (KSE) ended flat here on Thursday.

The benchmark KSE 100-Index shed 0.04 percent or 9.47 points to close at 23,222.21 mark.

Selling pressure was witnessed in cement stocks, textile companies, Pakistan State Oil and Engro Corporation ahead of the State Bank of Pakistan (SBP) monetary policy announcement.

Pakistan State Oil Co Ltd (PSO) went down 0.73 percent to close at Rs306.50, while D G Khan Cement Ltd lost 4.99 percent to end at Rs76.02.

Asian shares rise

Source: Dunya News | 16-04-2014

Asian markets mostly rose Wednesday following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts in the first three months of the year. Japan s Nikkei led regional gains thanks to a weaker yen after the head of the country s central bank said it was on course to meet its inflation target next year. Tokyo ..... Read more

KSE index sheds 51.37 points on profit-taking

Source: The Nation | 29-01-2013

No major surprise in the result of Attock group and Lucky Cement compelled investors to book profit above the key 17,000 mark. Profit taking was seen in all major stocks except for Engro Corp and Engro Foods. Engro foods once again closed at its upper limit after excellent result announcement last week, dealers observed here on Monday. At local equity mar..... Read more

India has no immediate plans to raise sugar import tax: sources

Source: dawn | 08-01-2013

India has no immediate plans to raise the import tax on sugar, two government sources said on Monday, casting aside industry’s calls for raising the duty to protect mills from cheap overseas supplies when the country already has a surplus. “We have no plans to raise the duty for now but we are keeping an eye on prices, imports and p..... Read more

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