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: With inflation numbers on a downward trend, likelihood of a discount rate cut is increasing. The market is looking for positive triggers and foreign institutional support. Relaxation in policy rate in next MPS could also help bring positive activities in the market in coming days.
KARACHI: Lower cotton prices attracted mills to indulge in active buying and higher influx of phutti and seed cotton encouraged growers and farmers to sell at current prices on Saturday.
KARACHI: The Halal stocks KMI-30 share index went up by 494.49 points or 2.40 percent during the last week.
KMI-30 Index closed at the level of 21,122.57 as compared to the last week's closing level of 20,628.08 points.
WASHINGTON: A delegation from International Monitory Fund (IMF) would visit Pakistan in November informed Finance Minister Dr Abdul Hafeez Sheikh on Saturday.
ISLAMABAD: India on Wednesday announced withdrawal of its veto on a European Union Duty free programme for Pakistani products in World Trade Organization.
KARACHI: Fertilizer and oil stocks will remain in limelight with better expected dividend yield and improved sales. Market is expected to remain steady after rupee strengthening once again and signaling that macroeconomic outlook is not as bleak as was thought few days ago.
ISLAMABAD: The Oil and Gas Development Company (OGDCL) has claimed to be the best exploration company worldwide for registering successful discoveries with finding one well productive out of four.
KARACHI: Fertilizer offtake improved by nominal 4 percent YoY to 5.12 million tons during eight months of calendar year Jan-Aug as compared to 4.95 million tons in the same period last year, according to the latest figures disclosed by National Fertilizer Development Centre (NDFC).
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: Current rates of cotton attracted millers to indulge in active buying despite trading remained range bound at Pakistan cotton market on Tuesday.
KARACHI: The Board of Directors of Maple Leaf Cement Limited (MLCF) met on Tuesday to review the company's financial and operating performance for the year ended June 30, 2011.
SINGAPORE: Asian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets.
KARACHI: Pakistan's foreign exchange reserves fell to $17.64 billion in the week ending Sept. 17 from $17.79 billion the previous week, the central bank said on Thursday.