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Government proposal for stock market rejected: no bail-out: IMF
KARACHI (December 04, 2024): The International Monetary Fund (IMF) has rejected the government proposal for providing any fund to bail out the stock market. The IMF restricted the government from using public money to bailout a cash-starved stocks market, which has declined by around 41 percent from its peak level witnessed on April 18, 2008.
Proposal seeks a force majeure situation
KARACHI (December 04, 2024): The broker members of KSE have decided to convene a general body meeting on Thursday to vote on a proposal which seeks to declare a force majeure situation in the wake of government�s expressed inability to put in place Rs 20 billion market opportunity fund and a Rs 30 billion put option guarantee offer to overseas investors.
THE RUPEE: dollar lower on interbank market
KARACHI (December 04, 2024): Rising trend persisted on the interbank market on Wednesday as the rupee rose by 10 paisa more against dollar for buying at 78.60 and it also gained five paisa for selling at78.70, dealers said.
KSE witnesses another dull session
KARACHI (December 04, 2024): Karachi share market witnessed another dull session on Wednesday, with low volumes and the benchmark KSE-100 index once again remained unchanged at 9,187.10 points. The total turnover at the ready market declined to 41,200 shares as compared to 197,300 shares traded a day earlier. No trading was witnessed at the futures counter.
LSE index remains standstill
LAHORE (December 04, 2024): Equities on the Lahore Stock Exchange on Wednesday, once again, witnessed zero trading because of the absence of investors, traders and jobbers. The LSE-25 index remained standstill and stayed unchanged at the level of 2825.36 continued for the last couple of weeks.
Equities fail to show recovery signs on ISE
ISLAMABAD (December 04, 2024): The volume of trade was down at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs under the lead of trend-setters amid dull session. ISE Ten Index closed at 1,998.14 points without witnessing any change. The overall volume stood at 8,796 shares as compared to previous volume of 11,858 shares.
BRIndex30 unchanged
KARACHI (December 04, 2024): On Wednesday, the BRIndex30 continued its trend on account of stock market conditions and remained unchanged, closing at 8,995.65. Volume was 1,000 shares as against volumes of 41,200 and 1,100 for KSE All Share and KSE-100 Indices respectively.
Members resort to off-market activity
KARACHI (December 04, 2024): Some members of Karachi Stock Exchange (KSE) on Wednesday announced to hold off-market trading in the main trading hall of the exchange. They invited other members to join the trading activity at off-market, as they were unable to offload their holdings at the main market due to price �floor� mechanism. About 50 to 60 members joined them and started trading through traditional, manual trading system.
Date for filing annual returns extended
KARACHI (December 04, 2024): The Securities and Exchange Commission of Pakistan (SECP) has extended the last date for filing the annual returns (Form A/B, as the case may be) for companies to Friday, December 5, 2008. The earlier last date for filing of returns was November 30, 2008.
Companies served notices against merger
LAHORE (December 04, 2024): The Lahore High Court (LHC) on Wednesday issued notices for January 19, 2025 to the management of two companies Gulberg Enterprises (Pvt) Ltd and Lahore Regency (Pvt) Ltd and the Security an Exchange Commission of Pakistan (SECP) for January 19 in a plea against their merger.
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