KARACHI: Higher foreign outflows from Karachi Stock Exchange (KSE) hurt sentiments of the market in the year 2011 are an alarming sign for investors going forward.
KARACHI: Foreign Investors' Portfolio Investment (FIPI) data reported by National Clearing Company of Pakistan Limited (NCCPL) revealed that massive outflow of $2.333 million or Rs 202.977 million was witnessed from Karachi Stock Exchange (KSE) during the week ended on December 2, 2011 as compared to net foreign outflows of $3.845 million or Rs 334.566 million reported last week.
KARACHI: The Halal stocks KMI-30 share index remained under pressure throughout the week as it lost massive 676.72 points or 3.41 percent in the absence of positive triggers.
KARACHI: The massive improvement in tax collection during the first quarter of the current fiscal year has prompted the Federal Board of Revenue (FBR) to set a higher revenue collection target of Rs 477.1 billion for the second quarter to meet the tax target of Rs 1952 billion for the current fiscal year.