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Karachi: Recovery in KSE will depend on Stocks with strong domestic footings The KSE100 index rebounded yesterday, as the global indices recovered on the back of US Federal Reserve pledged to keep interest rates at its lowest level for next for years. According to Arif Habib Limited, the benchmark index …

Karachi: The Qadirpur gas field would remain closed for one month from August 28 to September 27, 2011 on account of annual maintenance of the gas field. According to Alfalah Securities Limited, Qadirpur gas field is the second largest gas field of the country having majority of the gas reserves, …

Karachi: T-bill auction was held on Wednesday, in which SBP accepted bids worth of PkR 181 bn with realized value PkR 163.86 bn. According to Alfalah Securities Limited, The cut off yields of 3M, 6M and 12M T-bills stood at 13.0697%, 13.2787%, and 13.3768% respectively. These rates are revealed after …

Karachi: Remittances for the month of July 2011 have risen to USD 1096.31 mn depicting an impressive growth of 38.57% last year. According to Alfalah Securities Limited, The inflow of remittances were mainly contributed by Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU …

Karachi: Financial turmoil evokes 2008 comparison According to Standard Capital, Stocks are plummeting. The economy is slowing. Politicians are scrambling to find solutions but are mired in disagreement. Many Americans are wondering whether they are in for a repeat of the financial crisis of 2008. The answer is a matter …