Staff Report

Economy

The KSE 100 dropped to an intraday low of 42,954.89 after a loss of 727.95 points before it settled down at 680.01 points at 43,002.83.

Economy

According to data released by the State Bank of Pakistan (SBP) on Wednesday, the country attracted FDI of $237.9 million in May, down 26.2 per cent from $322.7 million in the same month of the preceding year.

Headlines

Dubai-based Abraaj Holdings said on Tuesday a court in the Cayman Islands has ordered to appoint PwC as provisional liquidators of Abraaj Holdings and Deloitte as provisional liquidators of Abraaj Investment Management Ltd.

Economy

The minister urged the FBR to come up with measures to simplify returns filing, automated processes to enhance revenue generation.

Headlines

The KSE 100 index traded in a narrow range but swayed on both sides. The index touched an intraday high of 43,825.11 early morning after a 144.43 point rise and later dropped 169.03 points to touch day’s low of 43,511.65. It settled flat, up by only 2.16 points.

Headlines

The Caretaker Finance Minister Shamshad Akhtar met PSX board of directors and apprised the board comprising of senior brokers that all the irritants related or arising about tax amnesty scheme would soon be removed.

Headlines

Voluntary filing sets up orderly restructuring process that will maximize the value of the company for all stakeholders and an eventual return to normal operations, claims Abraaj

Headlines

The market volumes inched up from previous sessions 111.90 million to 117.54 million. Banks dominated the volume chart taking up all three top spots.

Economy

The dollar continued its upward trend in the interbank market on Thursday closing at Rs121.50, ahead of Eid, touching its intraday high at Rs122.00, meanwhile the State Bank of Pakistan’s (SBP) revaluation rate was Rs121.40.