Islamabad Stock Exchange

News:

Al-Zamin entities being merged to form investment bank

KARACHI (October 16, 2009): Al-Zamin Leasing Modaraba and Al-Zamin Leasing Corporation are merging into Invest Capital Investment (ICI) Bank Limited to create a larger entity. According to a press release issued here on Thursday, the shareholders of all the three entities unanimously approved the scheme of arrangement and the merger plans last week.

NIT to educate investors on capital market investment

LAHORE (October 16, 2009): National Investment Trust (NIT) will provide all out support for enhancing confidence level among investors, as it is key to stabilise and improve the Capital Market in the country and the CDC road show in Lahore is a step in the same direction. This was stated Chairman, (NIT), Tariq Iqbal Khan, here, on Thursday.

THE RUPEE: mixed trend

KARACHI (October 16 2009): Rates moved both ways in the currency market on Thursday as supply of dollar was tight during the trading session, dealers said. In the interbank market, the rupee rose by 5 paisa against the dollar for buying and selling at 83.20 and 83.25, they said. In the fourth session of Asian trade, the dollar fell to a 14-month low against a basket of currencies as comments by the head of Australia´s central bank encouraged investors to buy higher-yielding Australian dollar, which helped other currencies gain. OPEN MARKET RATES: The rupee fell sharply, losing 15 paisa against dollar for buying and selling at 83.25 and 83.35, dealers said. The rupee came down versus Euro, losing 85 paisa for buying and selling at Rs 123.95 and Rs 124.45, they said.
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Buying Rs 83.20
Selling Rs.83.25
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Index rises despite attacks

KARACHI (October 16, 2009): Positive trend continued at the Karachi share market on Thursday mainly due to foreign investors´ support and the KSE-100 index gained another 41.13 points to close at 9,845.74 points level. The foreign investors´ interest continued despite terrorist attacks in different cities of the country and a fresh inflow of 5.8 million dollars of foreign portfolio investment was recorded at the local equity market on Thursday.

Mixed sentiments prevail on LSE

LAHORE (October 16, 2009): Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Thursday where equities ended in red zone amid reduced transaction volume on account of terrorist attacks on different places in the provincial metropolis. The LSE-25 index moved up by 21.28 points to close at 3026.51 against 3005.23 of Wednesday.

Bulls strengthen position at ISE

ISLAMABAD (October 16, 2009): Bulls strengthened their position at the Islamabad Stock Exchange (ISE) where equities showed plus signs under the lead of hot favourite with increase in the index. ISE Ten Index was plus by 37.69 points, as the Index moved from 2,293.21 to 2,330.90 points.

BRIndex30 down by 6.72 points

KARACHI (October 16, 2009): On Thursday, BRIndex30 opened at 8,508.28 and closed at 8,501.56 with a net negative change of -6.72 points and percentage change of -0.08. It experienced intra-day high of 8,615.54 and intra-day low of 8,466.40. The volume amounted to 157,499,478, which was 73.44 percent of the total market and 86.70 percent of KSE-100 index. The volume of KSE All Share and KSE-100 were 214,452,848 and 181,656,320 respectively.

CDC´s road show on Capital Market Investment on October 17

KARACHI (October 16, 2009): The Central Depository Company of Pakistan Limited (CDC), in collaboration with National Investment Trust (NIT), is organising an investment and capital market ´road show´ on October 17, in Lahore. According to a press release issued here on Thursday, the CDC launched a series of Investment road show in 2005 with a vision for wide scale development of the Pakistan Capital Market and to educate investors throughout Pakistan and abroad.