Mashallah.
Good to see growth continues.
http://thenews.jang.com.pk/updates.asp?id=23529
KARACHI: Karachi Stock Exchange (KSE) this morning resuming its bull-runs dashed past the historical 13000 psychological barriers. The index at a point during the brisk trading witnessed a jump of 69 points shooting the KSE-100 index to 13030 points.
Re: KSE makes history breaching highest ever 13,000 marks.
Stock Exchange in Pak is a useless indicator. I wouldn't trust it for economic prosperity. Very easily manipulated and very narrow base..
Re: KSE makes history breaching highest ever 13,000 marks.
Bhaijan, rejoice rejoice at any good news coming out of Pakistan at this difficult time for the country rather than knocking everything.
We should be celebrating even the smallest success rather than bad mouthing everything about Pakistan. I know it is difficult as the success is happening under Musharaf. Don’t worry, a deal will happen soon 
Re: KSE makes history breaching highest ever 13,000 marks.
Superb news. :k:
Market capitalization must have crossed $60 billion now. That is more than 10 times the paltry amount it was back in 1999.
Re: KSE makes history breaching highest ever 13,000 marks.
Sure..I will rejoice when institutional good news comes about. For instance, I would like to congratulate the govt. in advance for making the CBR into an autonomous body with the coming budget. I was planning to make a thread abt it when the time came but since u brought it up, I might as well say it now.I also commend govt’s decision to make EDB autonomous. The gov t. planned to make the statistics division autonomous too but that plan got delayed due to census. So its not like I want to hold back credit where its due. Its just that U r rejoicing about something where I see nothing to get excited about. Reforms in KSE..demutualize it, expand its base, tax the AKD goons and the like, I’ll rejoice. Bring in pension reforms, I’ll rejoice. Bring in insurance reforms, I’ll rejoice.
At the same time, I dont commend the govt. for screwing up with FPSC. I dont rejoice at the executive strong arming the judiciary. I dont find the social spending numbers amusing. Quick fact, the growth rate in national highway in mid nineties was 5 to 6%. Since 2000 its been in .06 range.
Re: KSE makes history breaching highest ever 13,000 marks.
JP Morgan sees huge investment potential: Investors’ moot ends
SECP Chairman Razi ur Rehman has said that the government’s policy is to welcome and facilitate foreign investors to work in Pakistan. Addressing the 2-day meeting of foreign investors organised by JP Morgan in Lahore on Thursday he praised the efforts of JP Morgan and said that it was a very good sign that its management decided to come back to Pakistan and started its operation. The SECP chairman said that the government was working on long-term reforms so that the market may work in an orderly and transparent manner. “The market should move in more equitable regime and reforms so far introduced have proved very successful,” he added. According to a press release, sixteen leading foreign private equity investors were invited to Pakistan by JP Morgan to hold one to one meetings with leading listed companies. They concluded their meetings on Thursday.
JP Morgan Country Manager Reza Rahim said that on the first day the visiting foreign private equity investors had meetings with Bank of Punjab, FFC, Kapco, Lucky Cement, MCB Bank, OGDCL, PSO, TRG and WorldCall. On the second day they had fruitful meetings with Adamjee Insurance, DG Khan Cement, Engro Chemical Pakistan, Hub Power, ICI Pakistan, Indus Motor, Pace Pakistan, Standard Chartered Bank and Orascom Pakistan. Reza said that the cash equity broking operations started earlier this year was a significant development for JP Morgan’s Pakistan business, which is the only foreign firm with a corporate seat at the Karachi Stock Exchange. Mr Randolf Cinton, JP Morgan managing director and head of Cash Equities in Asia, excluding Japan, observed that Pakistan had tremendous potential as its economy is growing at a remarkable pace. “We are facilitating our international equity clients by helping them take a closer look at leading Pakistani companies and an opportunity to invest in the macro-economic turnaround,” he added. Earlier on Wednesday addressing the visiting investors State Bank Governor Dr Shamshad Akhtar said that the Pakistan banking sector had shown remarkable and unprecedented growth. Classified as Pakistan and the region’s best performing sector its assets have risen to over $60 billion, profitability is exceptional and all time high. Non-performing loans are at all time low, assets are in private hands and almost 47 per cent have foreign shareholders, she added. She further said that Pakistan had huge potential for foreign investment as presently only three per cent of the population was borrowing from banks and only 30 per cent of adults had bank accounts.
Re: KSE makes history breaching highest ever 13,000 marks.
^ Alahamdulilallah
Re: KSE makes history breaching highest ever 13,000 marks.
Karachi Stock exchange (KSE) this week remained upbeat and the index crossed over even the 13,000 points highest marks. KSE-100 index at the end of the business this week gaining 341 points closed at 13275 points, the highest ever in the history of the country.
Re: KSE makes history breaching highest ever 13,000 marks.
The total market capitalisation of the KSE increased by a stunning $13 billion in just the first 9 months of the last fiscal year.
http://www.brecorder.com/index.php?id=575473&currPageNo=1&query=&search=&term=&supDate=
Re: KSE makes history breaching highest ever 13,000 marks.
Good stuff. Long may it continue.
Re: KSE makes history breaching highest ever 13,000 marks.
KSE continues to rocket ahead.
Karachi’s 100-share index rose to a new high of 13,428.49 points – its third in as many days – before moderating to stand 0.6 percent up at 13,410.
Re: KSE makes history breaching highest ever 13,000 marks.
Karachi Exchange May Sell Stake to Overseas Partner.
Mashallah. Good to see so much interest in KSE.
http://www.bloomberg.com/apps/news?pid=20601080&sid=aWfHmPVFMu7w&refer=asia
The Karachi Stock Exchange, Pakistan’s largest, may sell a 10 percent stake to an overseas partner before its initial share sale to help spur trading on a market that has risen 14-fold in six years.
I have received interest from a number of regional, even European exchanges, including the Dubai International Financial Exchange,‘’ Razi-ur-Rahman Khan, chairman of the Islamabad-based Securities & Exchange Commission of Pakistan, said in an interview in Karachi on July 16.