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M-cap of BSE-listed firms hits record high of Rs 220.74 lakh crore Top Searches M-cap of BSE-listed firms hits record high of Rs 220.74 lakh crore PTI / May 27, 2021, 18:59 IST FacebookTwitterLinkedinEMail In two days of market rally, investors' wealth has risen by Rs 1,67,959.92 crore to Rs 2,20,74,421.11 crore. (Representative image) NEW DELHI: The market capitalisation (m-cap) of BSE-listed companies reached an all-time high of Rs 220.74 lakh crore on Thursday, helped by a bullish sentiment in the equity market. At the close of trade, their market capitalisation stood at Rs 2,20,74,421.1...

Markets to be guided by COVID-19 situation, macro data, earnings this week: Analysts They also added that state election results are unlikely to have any major impact on the markets and the major determining factor will be the rising COVID-19 cases and how governments (both central and states) are going to address this health crisis. sensex fall Market movement this week will be influenced by updates on the COVID-19 front, macroeconomic data announcement, quarterly earnings and global trends, said analysts. They also added that state election results are unlikely to have any major impact on t...

A wide gender gap in capital market PSX CEO says bourse provides equal opportunities, women do not opt for career in market KARACHI: What comes to your mind when you think of the capital market and brokerage houses? Men sitting in front of computers and having intense discussion. You wouldn’t be entirely wrong. Pakistan’s capital market and brokerage firms are indeed male-dominated. But is this because women choose not to work in this field or because the sector isn’t very welcoming? When it comes to gender diversity, we all know that the capital market has started from a very low base....

Cabinet scraps Mari dividend cap Decision will help fetch better price for 18.4% govt stake in company ECC decided to continue dividend distribution by Mari Petroleum having a 45% cap on guaranteed return. PHOTO: FILE ISLAMABAD: The cabinet on Tuesday approved the removal of cap on dividend distribution by Mari Petroleum Company Limited (MPCL) in a bid to fetch better price for the government of Pakistan shares. The government plans to divest 18.39% shares in Mari Petroleum and the removal of dividend cap will help get a better price. The approval came during a meeting chaired by Prime Minis...

No change expected in interest rate SBP will announce benchmark interest rate for next two months today Earlier, the State Bank of Pakistan (SBP) had cut the benchmark interest rate by an aggressive 625 basis points during March-June 2020 to the current 7%. PHOTO: FILE KARACHI: Pakistan’s central bank is scheduled to meet on Friday (Jan 22) to determine the benchmark interest rate for the next two-month amid a situation whereby the second wave of Covid-19 pandemic still poses risk to economic activities. Moreover, the government has increased power tariff by Rs1.95 per unit to resume the I...