News stories for Ahmed Malik - Business Recorder

Ahmed Malik

KSE-30 Index: First-ever market halt due to upper locks

Pakistan Stock Exchange triggered Market Halt on Friday at 10:52am due to 5.0 percent increase in KSE-30 index. It was the first ever market halt that was triggered when the market was in bullish mood and the KSE-30 Index saw a sudden increase of 5.0 perc

Published 18 Apr, 2020 12:00am

Stockbrokers send out an SOS

Keeping in view the devastating impact that COVID-19 has brought to the stock brokerage fraternity and capital market investors, PSX Stockbrokers Association (PSA) has requested the federal government to take immediate and timely action in order to save b

Published 10 Apr, 2020 12:00am

Analysts expect 0.25 percent growth against targeted 4 percent

Due to severe impact of deadly coronavirus outbreak and lockdown on economic activities, the country's GDP growth is expected at 0.25 percent in the current fiscal year (FY20) as compared to government's target of 4.0 percent, economists said.

Published 05 Apr, 2020 12:00am

Summit Bank Limited: Lootah wants to acquire majority shareholding

Nasser Abdullah Hussain Lootah, a Dubai-based businessman has shown intention to acquire majority shareholding (at least 51 percent) of Summit Bank Limited.

Published 31 Mar, 2020 12:00am

Current calendar year: Capital market witnesses $126.524m outflow of FIPI

The offshore investors are continuously withdrawing their investments from the Pakistan Capital Market as an outflow of $126.524 million of foreign investors portfolio investment (FIPI) was seen during the current calendar year.

Published 30 Mar, 2020 12:00am

Ministry urges OMCs to cancel crude oil imports

Oil Marketing Companies (OMCs) have been requested by the energy ministry to cancel their planned crude oil imports from April 1, 2020 onwards to support Pakistan's domestic refining industry.

Published 27 Mar, 2020 12:00am

8th market halt in two weeks

Pakistan Stock Exchange (PSX) Wednesday had to once again trigger the market halt to suspend trading for two hours. It was the 8th market halt during last two weeks. The PSX informed all market participants that due to 5.0 percent decline in KSE-30 Index,

Published 26 Mar, 2020 12:00am

PSX launches Exchange Traded Fund for first time

Pakistan Stock Exchange (PSX), for the first time in its history, has launched a new product, the Exchange Traded Fund (ETF) on Tuesday. With this product, the PSX has joined the list of stock exchanges in the world offering ETFs which are investment prod

Published 25 Mar, 2020 12:00am

Two-hour market halt triggered

Pakistan Stock Exchange (PSX) Monday plunged over 5 percent just after opening of trading session and the PSX had to trigger market halt which lasted for two hours.

Published 25 Mar, 2020 12:00am

Markets

General public entry to PSX banned

Pakistan Stock Exchange (PSX) has announced that the entry to general public at PSX premises has been stopped forthwith for their protection and social distancing. The PSX announced these precautionary measures for prevention of Coronavirus (COVID-19) sp

Published 19 Mar, 2020 12:00am

BRIndex100 sheds 266 points: PSX posts record single-day slump

Pakistan Stock Exchange (PSX) on Monday nosedived to record worst-ever single day decline due to panic selling in all sectors by local and foreign investors on fears over coronavirus spread. BRIndex100 plunged by 266 points or 7.16 percent to close at 3,4

Published 17 Mar, 2020 12:00am

Offshore investors: PSX records $56 million highest monthly selling in February

Foreign selling remained at the heart of Pakistan Stock Exchange (PSX) as offshore investors offloaded shares worth $56 million in February 2020 on net basis. This is the highest monthly selling recorded after a gap of 15 months. According to current data

Published 29 Feb, 2020 12:00am

Domestic gas supplies may reduce by over 28 percent in 2024

Pakistan's domestic gas supplies are projected to deplete by more than 28 percent to mere 2.3bcfd in 2024 from the existing output of 3.2bcfd, raising the fuel's shortage for domestic users, industrial consumers, urea producers and power generation to 5.5

Published 06 Jan, 2020 12:00am

Markets

PSX up 10 percent in CY19 in terms of PKR

Pakistan Stock Exchange witnessed a positive trend as the KSE-100 Index recorded an increase of 10 percent during calendar year 2019 in PKR terms.

Published 01 Jan, 2020 12:00am

Investor confidence improving: PSX shows over 200pc growth in terms of volume

Over 200 percent significant increase in trading volumes at Pakistan Stock Exchange (PSX) demonstrates stability and improving investor confidence in the market. Trading data of the PSX shows that since the change of the management at the Securities and E

Published 13 Oct, 2019 12:00am

Markets

Investor confidence improving: PSX shows over 200pc growth in terms of volume

Updated 14 Oct, 2019 11:27am

Markets

SECP reforms boost key fundamentals of capital market

Following the significant reforms introduced by the Securities and Exchange Commission of Pakistan (SECP) aimed at facilitating ease of doing business, efficiency in market operations and reducing over-regulations, the key fundamentals of market started s

Published 22 Sep, 2019 12:00am

Markets

SECP reforms boost key fundamentals of capital market

Published 22 Sep, 2019 12:00am

Markets

Country's first CMC may become functional by March 2020

Pakistan's first Collateral Management Company (CMC) is expected to be operational by March 2020. The Chairman, Securities and Exchange Commission of Pakistan (SECP) Aamir Khan and the Commissioner, Securities Market Division, Shauzab Ali chaired a crucia

Published 14 Sep, 2019 12:00am

Markets

MSF system to be implemented on PSX from today

The Murabaha Share Financing (MSF) system, a new product to finance the share purchase requirements in Sharia compliant companies, will be implemented on Pakistan Stock Exchange (PSX) from today (Monday). The Securities and Exchange Commission of Pakistan

Published 02 Sep, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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