Islamabad Pakistan Stock Exchange

SECP objects SBP proposal
ISLAMABAD (August 07, 2008): The Securities and Exchange Commission of Pakistan has strongly opposed the State Bank of Pakistan´s proposal to obtain oversight of 23 Non-Bank Financial Companies (NBFCs) and business groups managing both financial and commercial concerns.
´Government did not consult stakeholders´
ISLAMABAD (August 07, 2008): The federal government has not taken any input of stakeholders, including Investment Bank Association of Pakistan, on the most sensitive issue of bringing non-bank financial companies (NBFCs) into the regulatory framework of the State Bank of Pakistan (SBP).
THE RUPEE: dollar rises further
KARACHI (August 07, 2008): Persisting demand for dollars did not allow the rupee to hold ground against dollar on the currency market on Wednesday, dealers said. In the interbank market, the rupee fell sharply versus the greenback, losing 25 paisa for buying and selling at 72.50 and 72.55 in process of trading, they said.
Stocks lower on political woes
KARACHI (August 07, 2008): Karachi share market witnessed heavy selling pressure on Wednesday and the KSE-100 index declined by 3.62 percent or 363.65 points to close at 9,678.82 points level, owing mainly to the uncertainty on the political front over the move to impeach President Pervez Musharraf.
LSE index sheds 128.73 points
LAHORE (August 07, 2008): Equities on Wednesday failed to maintain upward move on the Lahore Stock Exchange and registered declines across the board amid selling pressure on account possible confrontation between the President Pervez Musharraf and the coalition government.
Stock witness widespread losses on ISE
ISLAMABAD (August 07, 2008): Equities witnessed broad based erosion at the Islamabad Stock Exchange (ISE) on Wednesday where major players and retail investors offloaded their positions to avoid heavy losses amid decrease in index. ISE-10 Index showed a decrease of 81.20 points from 2,310.97 to 2,229.77 points.
BRIndex30 loses 451.18 points
KARACHI (August 07, 2008): On Wednesday, the BRIndex30 opened in the negative zone, at 10,380.19, and remained there for whole of the trading time, closing at 9,929.01 with a net negative change of -451.18 points and percentage change of -4.35. It saw intra-day high of 10,380.19 and low of 9,723.27.
SECP and KSE agree to expedite demutualisation process
KARACHI (August 07, 2008): Securities & Exchange Commission of Pakistan (SECP) and Karachi Stock Exchange have agreed to expedite the demutualisation process in a way to get the KSE corporatised and demutualised by December 31, 2008. This was decided in a meeting on the demutualisation of the Karachi Stock Exchange on Wednesday at SECP´s Karachi Office convened by SECP Chairman Razi-ur-Rehman Khan.
ISE delisted three companies in 2007
ISLAMABAD (August 07, 2008): Islamabad Stock Exchange (ISE) has delisted three companies - AKD Index Traker Fund, Cresent Standard Investment Bank and Dewan Hattar Cement - during 2007, whereas 13 new companies were listed on the newest bourse during this period. According to the ISE data updated on Wednesday, only three companies were delisted during the period under review.