KARACHI (May 29, 2009): Fresh buying mainly in cement, banking, fertiliser and power sector stocks supported the KSE-100 index to close with healthy gains of 99.29 points at 7,288.13 points level on Thursday. The market opened on a positive note and the index breached the 7,300 psychological level to hit 7,302.93 points intra-day high level. Trading activities also improved as the volumes at ready counter increased to 154.782 million shares as compared to 141.252 million shares traded a day earlier.
LSE index gains 26.95 points.
LAHORE (May 29, 2009): Equities extended gains across the board on the Lahore Stock Exchange (LSE) on Thursday on account of fresh entries made by the private and public sector institutions that also pushed the trading volume considerably up. The LSE-28 index further increased by 26.95 points to close at 2177.86 against 2150.91 of Wednesday while transaction volume slide up by 2.907 million shares to 16.489 million shares as compared to day earlier volume of 13.581 million shares.
ISE equities improve.
ISLAMABAD (May 29, 2009): Equities showed healthy signs at Islamabad Stock Exchange (ISE) where bulls dominated the proceedings under the lead of hot favourite amid increase in the index. ISE Ten Index showed an improvement of 38.19 points, as the Index moved from 1,694.11 to 1,732.30 points. The volume of trade amounted to 1,259,078 shares as compared to previous turnover of 989,245 shares.
BRIndex30 soars 84.39 points. KARACHI (May 29, 2009): On Thursday, BRIndex30 opened in the positive zone at 6,822.58 and remained there for whole of the trading time. It closed at 6,867.53 with a net positive change of 84.39 points and percentage change of 1.24. It experienced intra-day high of 6,880.42 and intra-day low of 6,822.58. |
KSE launches investor facilitation service. KARACHI (May 29, 2009): Karachi Stock Exchange (KSE) has officially launched mKATS, in collaboration with VectraCom (Pvt) Limited on Thursday. The mKATS is an investor facilitation service provided on any hand held mobile set (all mobile operators), by dialling KSE(573) short code or sending an SMS, to receive live KSE Index position, information about any scrip, traded volume etc. The information is sent directly from KSE. |
Rental income: SECP proposes rationalisation of taxation.
ISLAMABAD (May 29, 2009): Securities and Exchange Commission of Pakistan (SECP) has proposed rationalisation of taxation on rental income in the upcoming budget (2009-2010) to apply uniform tax rate on income from property. Sources told Business Recorder on Thursday that the SECP has proposed amendment in the Income Tax Ordinance 2001 to rationalise tax rate on rental income.
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