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Market watch: KSE-100 sheds 33 points in range-bound session

Benchmark index declines 0.07% to close at 48,093.53 ....

Pakistan Stock Exchange , Capital Investment Bank , Worldcall Telecom , First National Equities , Arif Habib , Arif Habib Limited , Call Telecom , Invest Capital Investment Bank , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , மூலதனம் முதலீடு வங்கி , முதல் தேசிய பங்குகள் , ஆரிப் ஹபீப் , ஆரிப் ஹபீப் வரையறுக்கப்பட்டவை , அழைப்பு தொலை தொடர்பு , முதலீடு மூலதனம் முதலீடு வங்கி ,

Market watch: Selling pressure drags KSE-100 down

Market watch: Selling pressure drags KSE-100 down
Benchmark index falls 426.82 points to settle at 42,906.94
Shares of 405 companies were traded. At the end of the day, 187 stocks closed higher. PHOTO: FILE
KARACHI:
Selling pressure persisted at the Pakistan Stock Exchange on Tuesday, which pulled the KSE-100 index down by 427 points as the emergence of a new Covid-19 strain weighed on investors’ sentiment.
The coronavirus strain, discovered in the UK, sent financial and equity markets around the world plunging.
A dip in global oil prices, as a result of negative news flow, had a spillover effect on the domestic oil sectors and stocks of exploration and production and oil marketing companies faced a substantial selloff. ....

United Kingdom , Maaz Mulla , Capital Investment Bank , National Refinery , Worldcall Telecom , National Clearing Company Of Pakistan , Arif Habib , Pakistan Stock Exchange On , Pakistan Stock Exchange , Habib Limited , Invest Capital Investment Bank , Pakistan Refinery , Telecard Limited , Unity Foods , Azgard Nine , Attock Refinery , Call Telecom , National Clearing Company , ஒன்றுபட்டது கிஂக்டம் , மாஜ் முல்லா , மூலதனம் முதலீடு வங்கி , தேசிய சுத்திகரிப்பு நிலையம் , தேசிய அழித்தல் நிறுவனம் ஆஃப் பாக்கிஸ்தான் , ஆரிப் ஹபீப் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் ஆன் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் ,

Local Investment Bank Attracts Offer from Dubai-Based Investor

Local Investment Bank Attracts Offer from Dubai-Based Investor
Invest Capital Investment Bank, a local investment bank, has received an offer from a Dubai-based company to acquire its major stakes comprising 55 percent shareholding.
According to the stock disclosure, the local investment bank said that Dubai Climate Trading LLC approached its management to purchase major shares as negotiations on the potential deal are underway.
The bank will inform the authorities for a prospect deal formally, in case the negotiation is succeeded for sale and purchase of 158 million shares, the official notification further stated.
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The investment banks have been facing a tough business scenario in Pakistan as the majority of these companies are running in losses. Investors from different sectors are looking for acquiring shares in these banks in Pakistan, such as Bahria Town’s acquisition of Escorts Investment Bank a couple of years ago. ....

Bahria Town , United Arab Emirates , Capital Investment Bank , Dubai Climate Trading , Investment Bank , Climate Global Control Trading , Invest Capital Investment Bank , Escorts Investment Bank , பஹ்ரியா நகரம் , ஒன்றுபட்டது அரபு அமீரகங்கள் , மூலதனம் முதலீடு வங்கி , துபாய் காலநிலை வர்த்தக , முதலீடு வங்கி , காலநிலை உலகளாவிய கட்டுப்பாடு வர்த்தக , முதலீடு மூலதனம் முதலீடு வங்கி , எஸ்கார்ட்ஸ் முதலீடு வங்கி ,

Market watch: Bears hold sway as PSX dives 407 points

Market watch: Bears hold sway as PSX dives 407 points
Benchmark KSE-100 index falls 0.93% to settle at 43,333.76
KARACHI:
The stock market gave in to bearish pressure on Monday as the benchmark KSE-100 index dived over 400 points owing to weak cues coupled with the economic headwinds faced globally.
Weakening oil prices in the international market coupled with rising coronavirus cases fuelled the bearish momentum at the opening of rollover week.
Oil prices tumbled more than $3 before trimming losses as a fast-spreading new coronavirus strain that had led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.
The benchmark index opened down and despite brief spikes it maintained its march towards south. The downward trend turned steeper towards the end of the session. Nevertheless, the bourse managed to sustain the 43,000-point mark. ....

Muhammad Mubashir , Capital Investment Bank , Engro Corporation , Pakistan Petroleum , Gas Development Company , Arif Habib , Pakistan Tobacco Company , Worldcall Telecom , National Clearing Company Of Pakistan , International Industries , International Steels , Services Industries , Habib Limited , Fauji Fertiliser , Kohinoor Textile Mills , Pakistan Oilfields , Pakistan Refinery , Unity Foods , Aisha Steel Mills , Mughal Iron , Call Telecom , Invest Capital Investment Bank , National Clearing Company , முஹம்மது முபாஷிர் , மூலதனம் முதலீடு வங்கி , பாக்கிஸ்தான் பெட்ரோலியம் ,