Stories from Kazim Alam
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Ittehad Chemicals: With low volumes, share price surges 28.8% in three months
Stock may gain further on the back of company’s expansion plans.
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NAFA coming up with Islamic capital protected fund
Fund invests in Shariah-compliant securities, promises capital protection.
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High returns offered by National Savings hurting private sector
NSS is effectively crowding out private financial firms, claim businessmen.
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Interest rate hike: Banks stay away from treasury bills auction
Adopt a wait-and-see approach by showing complete lack of interest in recent auction.
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Quick recovery follows recent downturns on volatile KSE
Market is lifted by stocks with high capitalisation and low trading.
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Standard Chartered profit rises a whopping 86%
Earnings surge following a marked decrease in bad loans.
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Equity market: KSE attracts money through new investment vehicle
Convertible Rupee Accounts now allow non-resident Pakistanis and foreigners to trade in the country’s equity market.
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Interest rate: Analysts divided on rate revision ahead of monetary policy
Rise of 50 to 100 basis points seems inevitable, but timing remains uncertain.
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Margin call: Imitating Wall Street model, Standard Capital to modernise trading
Brokerage house to launch drive to train the ‘next generation’ of equity traders.
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Market confidence: Investors scramble to buy Lalpir stock
Stock price hits upper lock within minutes of trading.