Stock exchange: Imprudent investment haunts CDA
ISLAMABAD, Feb 4: An imprudent hefty investment in stocks made way back in 2007 continues to haunt the capital’s civic agency with the market value of the shares purchased for over Rs1.108 billion dropping to as low as Rs409 million.
Pakistan’s bourse up three pct ahead of finance minister’s visit
Brokers at Karachi stock exchange. - File Photo. KARACHI: Pakistani stocks rose nearly three per cent on Friday on the back of an expected visit by the country’s finance minister to discuss outstanding issues such as a capital gains tax, dealers said.
RECORDER REPORT: KSE close of day
KARACHI: A mixed trend was witnessed at the Karachi Stock Exchange (KSE) on Thursday and KSE-100 index oscillating between 12,000.83 points intra-day high and 11,907.31 points intra-day low level.
KSE to delist 24 companies
KARACHI: The Karachi Stock Exchange proposes to delist two dozen companies with effect from Wednesday, February 1, 2012.
RECORDER REPORT: KSE-100 close of day
KARACHI : Bullish trend was witnessed at the Karachi Stock Exchange on Tuesday on the back of investors’ interest mainly in fertilizer, banking and oil sector stocks. The KSE-100 Index surged by 192.51 points to close at 11,305.16 level.
KSE close of day
RECORDER REPORT KARACHI: Bearish trend was witnessed at the Karachi Stock Exchange (KSE) on Tuesday due to across the board selling by local and foreign investors, and the KSE-100 Index dropped below 11,000 level.
Hafeez visiting KSE today: New procedure for CGT collection may be unveiled
ISLAMABAD: Minister of Finance Dr Abdul Hafeez Sheikh is expected to announce some major incentives to the investors of stock exchanges including revised procedure on collection of the capital gains tax (CGT) and immunity from probing source of investment made in stocks and shares during past, at the Karachi Stock Exchange (KSE) on Saturday (January 21).
Finance minister to visit KSE today
KARACHI: Federal Minister for Finance, Economic Affairs, Revenue and Statistics Dr Abdul Hafeez Shaikh, accompanied by the Chairman of Securities and Exchange Commission of Pakistan (SECP), Mohammad Ali, would visit the Karachi Stock Exchange on Saturday (Jan 21).
WHT on brokers’ commission removed, CGT rates frozen
KARACHI: Finance Minister Dr Abdul Hafeez Shaikh on Saturday agreed to the proposals of Securities Exchange Commission of Pakistan (SECP) for increasing trade volumes at the Karachi Stock Exchange (KSE), by removing withholding tax (WHT) on brokers’ commission and freezing current rate of Capital Gain Tax (CGT) till June 2014.
Hafeez Shaikh accepts freezing of CGT rates till 2014
KARACHI: Finance Minister Dr Abdul Hafeez Shaikh on Saturday agreed to the proposals of SECP for increasing trade volumes at Karachi Stock Exchange (KSE), removing the withholding tax on brokers' commission and freezing current rate of Capital Gain Tax (CGT) till June 2014.