KSE-100: Stocks inch up as investors struggle for direction
April 1, 2021
Investors continue to struggle for a direction at Pakistan Stock Exchange (PSX), as benchmark KSE-100 hardly changed after moving both ways with trade drying up on Covid-19 worries. On Wednesday, the benchmark KSE-100 gained 96.82 points by the closing bell to clock at 44,587.85 level.
Following Monday’s blood bath market participants have been treading cautiously as pessimism over the economic situation and renewed lockdown restrictions continued selling pressure at the bourse.
On Wednesday, the index opened on a positive note as investors cheered the government’s announcement, that it successfully sold $2.5 billion worth of Eurobonds to foreign investors. Analysts claimed that Pakistan’s dollar-denominated Eurobonds have been oversubscribed almost two times after receiving raving response to attractive interest rates from foreign investors, and expect the country to raise additional $2 to $2.5 billi
KSE-100: Stocks fall flat in a directionless trade
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Kse-100: Negative economic indicators weigh down index by 204 points
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Humayun Bashir Re-elected as Chairman NCCPL
Humayun Bashir has been re-elected as the chairman of the National Clearing Company of Pakistan Limited (NCCPL) again by its Board of Directors.
Bashir has over 40 years of diversified experience with the International Business Machines Corporation (IBM) in Pakistan, Afghanistan, Iran, and the MENA headquarters. He also served as the Country Head at IBM Pakistan for more than 16 years.
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He holds a degree in Engineering and has done various business management and leadership courses from the IBA, IBM Academy NY, INSEAD France and Boston University, USA.
The NCCPL is an infrastructure institution of Pakistan’s Capital Market acting as a Central Counterparty and is the only licensed entity that provides clearing and settlement services for trades and transactions executed at the Securities Exchange.