EDITED BY M. M. ALAM
KARACHI: Alok Sharma, British Parliamentary Under Secretary of State for the Foreign and Commonwealth Office Minister for Asia and the Pacific has concluded his two-day visit to Pakistan.
During his stay in this Metropolis and the Capital, Minister met a number of high-ranking government officials and leading entrepreneurs in order to figure out ways to augment the volume of bi-lateral trade.
Alok Sharma also visited a number of British businesses, including GlaxoSmithKline, Standard Chartered Bank, retailer Team A Ventures, TCS Courier Service and members of the Pakistan Business Council to discuss how the UK Government can help improve trade possibilities between the two countries. He also met the Governor State Bank of Pakistan.
KARACHI: Alok Sharma snapped meeting the Chief Minister of Sindh Murad Ali Shah.KARACHI: British Minister visited Pakistan Stock Exchange where he rang the bell to close the day’s trading.
In Islamabad, British Parliamentary Under Secretary of State held talks with Adviser Foreign Affairs Sartaj Aziz, Commerce Minister Khurram Dastgir Khan and Minister for Planning Ahsan Iqbal.
He also held talks with the Chairman of the Parliamentary Committee on China Pakistan Economic Corridor Mushahid Hussain Syed and with Barrister Zafarullah Khan and the Human Rights Minister Kamran Michael on human rights.
It is pertinent to mention here that British Parliamentary Under Secretary of State Sharma’s two-day Karachi/Islamabad sojourn builds on the Foreign Secretary’s visit to Pakistan last November where he urged greater trade cooperation: “As we approach the 70th Anniversary of Pakistan’s independence, I am delighted to have experienced first-hand the old friendship the UK shares with Pakistan. With our historic ties and strong economies the potential for our two countries to do business together is immense. I held productive talks with senior members of the Government and business leaders and discussed how we can collectively do more to unlock these exciting opportunities and increase bilateral trade and investment.”
Attenuation of political noise lets bulls enter the bourse on week’s last trading day!
KARACHI: Court’s verdicts apropos Hudaibiya Paper Mills and Imran Khan lessened the political noise today encouraging bulls shoo the bears off the bourse.
Benchmark KSE-100 Index closed at 38,646 with an augmentation of 1.10% (422 points). Rs. Rs. 9.1b worth of 140m shares changed hands today. Value of the shares of 208 companies augmented, 100 plummeted while 30 remained stagnant.
Banking, Communication and Power Generation Sectors led the trade with trading of 22.5m, 21.0m and 12.2m shares respectively.
Today’s top five traders of stocks were: TRG Pak Ltd., 17.9m shares (+1.16pc); Pak Elektron, 11.3m shares (+3.18pc); Engro CorpXD, 7.2m shares (+3.98pc); K-Electric Ltd., 7.2m shares (+0.82pc); JS Bank Ltd., 4.16m shares (+6.54pc).
PSX: Bears color the bourse red emboldened by the political noise!
KARACHI: Emboldened by the political noise bears kept on growling all over the bourse on week’s 4th trading day.
KSE-100 Index closed at 38,224 plummeting 1.54% shedding 596 points. Rs. 4.1b worth of 93m shares changed hands today. Value of the shares of 261 companies plunged, 59 augmented and 19 remained stagnant.
Technology, Communication, Power Generation and Cement Sectors led the trade today with 14m, 10.6m and 9.5m shares respectively.
Today’s top five traders of shares were: TRG Pak Ltd., 10.3m shares (-5.00pc); K-Electric Ltd., 8.3m shares (-4.39pc); Pak Elektron, 6.4m shares traded (-4.99pc);Dewan Cement, 3.7m shares (-6.53pc); Dewan Motors, 3.6m shares (-3.72pc).
PSX: Bulls, emboldened by the depreciation of rupee, shoo the bears off on week’s third trading day!
KARACHI: KSE-100 Index augmented to close at 38,820 gaining 295 points on week’s third trading day (Wednesday 13th of December) due to downgrading of Pak Rupee that had emboldened the foreign investors.
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