KARACHI: Result season is going to bring interest in refinery, exploration, banking and fertilizer stocks. Blue chips results might bring a positive momentum in the market. High dividend yielding stocks will remain in limelight. Market is expected to be range bound today as foreign institutional selling make investors cautious.
KARACHI: Government is likely to announce the name of State Banks Governor today as the deadline for appointing a governor of central bank has been expired on Monday.
ISLAMABAD: Foundation laying stone of Diamir Bhasha dam will be held on Tuesday (today). President Asif Ali Zardari will be the chief guest of groundbreaking ceremony.
ISLAMABAD: The Tax Reform Core Group, in its two-day meeting with the Federal Board of Revenue officials concluded here today, has expressed its extreme reservation over frequent extensions being granted by the Board in filing of Income Tax (IT) and Sales Tax (ST) returns.
KARACHI: Likelihood of a discount rate cut is increasing and the market is looking for positive triggers and foreign institutional support. Relaxation in policy rate in next Monetary Policy could bring positive activities in the market in the upcoming days. Market is expected to recover today (Friday).
KARACHI: Positive triggers and foreign institutional support is needed in the market amidst diplomatic tensions and political uncertainty. Since the market is following global trend recently, the movements in global markets will also be an important determinant shaping the course of the market. Market is expected to recover somewhat today after central bank's intervention to support the rupee.
KARACHI: Market is looking for positive triggers and foreign institutional support amid diplomatic tensions and political uncertainty. Circular debt issue again hovering over oil stocks. Market is expected to recover somewhat today after last day decline.
KARACHI: Foreign selling has impacted investors' confidence. Trade is concentrated in some stocks and they are now trading at inflated levels. Market is expected to remain range bound today and will be focusing on monetary policy ease in next couple of days.
KARACHI: With clear weather today, market is likely to see increased activities. E&P sector would continue to drive interest. It is expected that the blue chip companies will remain active stocks.
KARACHI: Market is likely to be positive today over hike in urea prices as fertilizer stock is expected to continue the rally. Investors are bullish about the sector owing to high dividend expectations and seem to be less concerned about gas curtailment to the sector.
KARACHI: The government's move to ban petroleum products export to Afghanistan likely to affect KMI index on Friday as market is expected to witness selling pressure.
ABU DHABI: Dubai's Majid Al Futtaim Holding, sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme as market volatility continues to thwart its plans for a conventional issue, an executive told reporters today.