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Bears rule Islamabad Stock Exchange

Source: The News | 27-03-2013

Islamabad Stock Exchange (ISE-10) Tuesday witnessed a bearish trend as the index fell by 34.43 points to close at 3375.98 as compared to previous day's trading.

Stock analysts said the technical correction was seen in the local stock market after many bullish sessions."The investors preferred to book profits by off-loading major positions in the bourse but some of them took new positions when the index went down", they added.Total volume of shares traded was 5,500, down by 121,500, compared to Monday’ closing.

Out of 133 companies shares traded, the price of 51 increased while the price of 82 decreased.The price of top gainer Unilever Pakistan increased by Rs190while the price of top loser Fazal Textile decreased by Rs12.13.Flying Cement and Kot Addu Power remained volume leaders with volume of 5,000 and 500 shares respectively.

Budgeting system shows remarkable improvement

Source: The Nation | 30-01-2013

Pakistan’s rank in Open Budget Index has increased from 38 in 2008 and 2010 to 58 in 2012. Out of the hundred countries surveyed by International Budget Partnership, an independent budget transparency survey organisation, Pakistan has scored 58, which reflects significant improvement and demonstrates the government’s commitment to achieve budget ..... Read more

Easing inflation figures up Pakistani stocks

Source: Dunya News | 02-04-2013

Pakistan’s stock market closed higher on Monday, supported by a lower inflation rate and interest in the oil, fertilizer and cement sectors, dealers said. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 1.27 per cent, or 228.80 points, higher at 18,272.11 points.Pakistan’s inflation rate eased to 6.57 percent in Mar..... Read more

Barrick Gold posts loss after writedowns on assets in Zambia, Pakistan

Source: Dawn News | 15-02-2013

Barrick Gold Corp, the world’s largest gold miner, reported a quarterly loss on Thursday, after booking a $3.8 billion impairment charge to write down the value of its Lumwana copper asset. The Toronto-based miner also said it has no plans to build any new mines at this time, due to the extremely challenging cost environment. However, Barrick will..... Read more

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