Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
After growing tensions between Pakistan and United States of America, traders understand why Karachi Stock Exchange (KSE) went down on Monday. The KSE-100 index lost 1.2 percent or 271.26 points to close at the 22,377.83 mark. It has been analyzed that if the tensions keep on rising, it is going to effect the balance of […]
KSE (Karachi Stock Exchange) ended on a low after having a lacklustre day even though there were several foreign inflows. However, investors eventually offloaded shares at higher levels. The KSE-100 benchmark rose by 0.06% or in other terms 13.56 points to 22,360.85. PSO (Pakistan State Oil Ltd) increased in terms of circular debt. OGDCL (Oil […]
Apple shares were down Monday for the first time in eight days after the company released report on first weekend of iPhone 5 sales. Apple sold 5 Million units of the handset in three days after it broke the ice on Friday at Apple retail stores. The analysts had expected more sales from the smartphone […]
Facebook shares rose 2 percent in value in afterhours as CEO Mark Zuckerberg and two directors, and major investors in FB shares, said Tuesday in a statement that they do not intend to sell their stock. In an 8-K filing on Tuesday to the Security and Exchange Commission Facebook said that the CEO and other […]
In an extra-ordinary meeting called on by Karachi Stock Exchange (KSE) on Thursday, the stock brokers have unanimously agreed to reject the proposal of raising the term in office of the directors on the board of the bourse to two years. The KSE directors are currently having a one-year term at the office and a […]
Major shareholder abandons Hubco; 140 million shares sold for $60 million The rumours finally materialised last week when Xenel industries of Saudi Arabia actually sold out its entire holding in the Hub Power Company, Pakistan’s Largest Independent Power Plant, to quit its investment from Pakistan. Xenel sold its 140 million shares in Hubco for $60 […]
Is the major shareholder in Hubco about to offload all of its holding? In the exacerbating electric power supply conditions throughout the country, another major blow is about to hit the power generation sector. Xenal Industries of Saudi Arabia, the group which hold 140 million shares in Hubco (Hub Power Company), is expected to withdraw […]
