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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.

Dilapidated foreign reserves may further erode

Source: The Nation | 05-04-2013

Pakistan’s foreign exchange reserves have declined to $12.202 billion on March 29, which would further reduce in the last quarter (April to June) of the ongoing financial year 2012-13 mainly due to the repayment to the International Monetary Fund (IMF). The foreign exchange reserves held by the central bank stood at $7.128 billion and commercial ban..... Read more

Pakistani stocks close higher, rupee steady, o/n rate rises

Source: Dawn News | 24-01-2013

he Pakistani stock market closed higher on Wednesday, with stocks in cement companies leading the way ahead of company results. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.09 percent, or 14.58 points, higher at 16,908.67.Fauji Cement rose 0.81 percent to 7.45 rupees per share. In the currency market, the Pakis..... Read more

IDB to extend $850 million project assistance to Pakistan

Source: Geo News | 10-09-2013

ISLAMABAD: A five-member delegation led by Mr.Birama Boubacar Sidibe, Vice President (operations) Islamic Development Bank (IDB) called on Finance Minister Senator Mohammad Ishaq Dar at his office. Mr Birama said that Pakistan is an important member country of the IDB and he assured the Finance Minister for Bank's support in the implementation of th..... Read more

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