Tag: Stock Exchange
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Pakistan stock market continues bullish run, nearing 55,000-point mark
The Pakistani stock market is expected to surge past 55,000 points, continuing its bullish run at the Pakistan Stock Exchange (PSX). The benchmark KSE-100 Index reached a new historic high of 54,261 points on Wednesday amidst record trading activity.
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PSX asks companies to explain significant changes in share prices
The compliance department of the Pakistan Stock Exchange (PSX) has contacted five listed companies seeking clarification on a “substantial” change in their share prices between March 16 and April 13. One of the companies contacted is Pakistan Services Ltd (PSEL), which owns and manages the chain of Pearl Continental hotels in Pakistan. PSEL has a…
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Bajwa’s resignation amid political uncertainty affects stock market
Pakistan’s stocks reversed gains on Monday as Prime Minister (PM) Imran Khan’s Special Assistant on Information (SAPM) Lt Gen (r) Asim Saleem Bajwa resigned ahead of protests planned by opposition parties, raising concerns of increased political uncertainty, foreign media reported. “Imran Khan approved my request to relinquish the additional post,” Asim Bajwa tweeted Monday. The…
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Saudi Arabia’s energy company ‘Aramco’ worth’s $1.7 trillion after a historic IPO
Saudi Arabia has recently turned Aramco (Arabian-American Oil Company) in publicly owned enterprise. By making it a public entity – that investors can buy and sell shares in the stock market. In the Initial Public Offering (IPO) phase, the worth of the company has plunged to $1.88 trillion that break all the records of the…
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Stock market surge in reality after Danish buys shares in ‘Mere Paas Tum Ho’, breaks Twitter
The stock market in Pakistan has witnessed an increase by gaining 40,000 points after a gap of around 10 months, and netizens are thanking Danish from the popular TV serial ‘Mere Paas Tum Ho‘ for buying shares worth Rs7.8 million in the latest episode that aired Saturday. The TV serial took an unexpected turn after Danish…