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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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KSE-100 index breaches 44,000 level, YTD return turns negative for 1st time in 2021 Equities Correspondent
Stocks continued to be battered at Pakistan Stock exchange (PSX) as mounting political uncertainty in the country led bears to rule the roost at the bourse. On Wednesday, the benchmark index tumbled for the fifth consecutive session, breaching 44,000 level, as it closed at 43,691.68 level after losing another 531.23points by the closing bell.
On Monday, owing to constant selling pressure, the YTD (Year-to Date) return on benchmark index also turned negative for the first time in CY21 after today’s performance, showing a decline of 63 points or 0.15% as compared to the closing of the previous year.
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.
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