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Wednesday, January 06, 2010 KARACHI: The bulls continued to dominate Karachi Stock Exchange (KSE) Wednesday contributing 70 points to the benchmark KSE-100 Index which finished the day at 9,727. Buying continued at the local share market and the Index starting with green numbers remained positive throughout the session. Investors remained active at banking and energy counters. The trade volume was recorded at 220 million shares. Lotte Pakistan topped the list of volume leaders, gaining paisas 51 to close at Rs8.75. KSE-30 Index advanced by 91 points to peg at 10,256.

Thursday, October 08, 2009 KARACHI: Pakistan’s foreign exchange reserves swelled owing to the loan tranches of $410 million from Asian Development Bank (ADB) and World Bank (WB), Geo News reported Thursday.Talking to Geo News, the spokesman of State Bank of Pakistan (SBP) Syed Wasimud Din said the national forex reserves surged to the level of $14.74 billion with an addition of $257.7 million within the week ending on October 3.Of these reserves, the central bank has $11.16 billion and commercial banks have $3.58 billion.Syed Wasim said Pakistan received tranches of a total of $410 billion from Asian Development Bank (ADB) and World Bank (WB) in the last trading week.

Saturday, September 26, 2009 LONDON: World stocks traded in narrow ranges Friday as investors looked to leaders of the Group of 20 rich and developing economies assembled in the U.S. for assurance that they will not stifle global economic recovery by prematurely taking away stimulus measures.In afternoon trading in Europe, Britain's FTSE 100 was up 0.4 percent to 5,105.61 and France's CAC 40 climbed 0.02 percent at 3,759.01. Germany's DAX was down 0.1 percent at 5,600.09.Asian markets closed down, with Tokyo the heaviest loser — down 2.6 percent — and Wall Street was set to open marginally higher after markets fell Thursday. Investors had pulled out of stocks amid worries about the sustainability of this year's rally and news of an unexpected drop in sales of existing homes in August.Dow Jones industrial average futures rose 0.3 percent to 9,661 and Standard & Poor's 500 futures added 0.3 percent to 1,047.60.Investors are increasingly nervous that governments wi...

Friday, September 25, 2009 KARACHI: Pakistan foreign exchange reserves swelling up process continues, as it was seen recording a significant increase by 1156 million during one week.State Bank of Pakistan (SBP) data showed that foreign exchange reserves in the country has shot up to $14.47 billion, recording significant increase of $1156 million during the week ending September 19. State Bank reserves amounted to $10.94 billion, while those with the commercial banks $3.53 billion.Analysts said that following Pakistan’s international credit rating improvement, foreign investors have went into action in the stock market, which has resulted in the pouring in of forex in the country. Besides, the shrinking trade deficit was also positively impacting on the forex reserves, said the analyst.

Updated at: 1903 PST, Thursday, September 10, 2009 KARACHI: The country’s foreign exchange reserves have downscaled to $14.243 billion with the decrease of $64 million, data released by the State Bank of Pakistan shows Thursday. The reserves held by the SBP witnessed a decrease of $52.6 million to go down to $10.73 billion on the week ending on September 5. The reserves held by the banks other than SBP recorded a decrease of $10.6 million to climbed down at $3.504 billion.The experts said the national forex reserves shrank owing to the payments of international loans.