Karachi, July 30, 2019: Pakistan Stock Exchange was remained negative on Tuesday due to selling pressure. Market traded mostly in negative zone with a total loss of 248 points, which narrowed by the end of session close to -76 points and closing at 31,658 points. E&P, Refinery with the exception of O&GMCs contributed to selling…
Karachi, July 29, 2019: The International Hospitality Investment Group (IHIG), with their vision for developing tourism industry of Pakistan, has now brought Global Resort Exchange (GRE) to operate from Pakistan. This comes after IHIG launched their vacation owner system called Happily just 3 months ago. GRE is a United States-based company. It is the first…
Karachi, July 20, 2019: Considering the market dynamics, business environment and changes in way of doing business, the State Bank is in the process of revising the Foreign Exchange Manual in consultation with relevant stakeholders in a phased manner. The revision is mainly aimed at simplification of the existing instructions, adoption of best international practices,…
Karachi, July 19, 2019: Pakistan Stock Index oscillated ~650 during the session with +240 points and -408 points. The first session ended 240 points down and 49 million shares traded, whereas the second session saw a recovery in the index resulting in +240 points (unadjusted). News of State Enterprise / Market Opportunity Fund by State…
Karachi, July 18, 2019: Pakistan Stock Exchange (PSX) lost some 672 points on political uncertainty. Market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points. The index breached recent intra-day low of 32,350…