KARACHI (February 09, 2010): The Karachi share market on Monday witnessed fresh buying which supported the KSE-100 index to close above 9,800 points level at 9,809.98 points with a gain of 40.25 points. However, fresh buying at low levels mainly in some E&P, cement and fertiliser sector stocks supported the index to recover its intra-day losses and to remain in the green till closing.

LAHORE (February 09, 2010): Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) where banking sector led the equities downward amid decreased trading turnover because of lacking interest on the part of investors but the last-hour buying in oil sector shares helped market improvement.

ISLAMABAD (February 09, 2010): Equities showed positive signs under the lead of hot favourites at the Islamabad Stock Exchange (ISE) on Monday where bulls dominated the proceedings under the lead of trend-setters amid increase in index. ISE Ten Index was up by 24.55 points from 2,329.04 to 2,353.59 points. Turnover amounted to 1,586,237 shares as compared to previous turnover of 2,302,032 shares.

KARACHI (February 09, 2010): On Monday, the BRIndex30 opened at 8,566.38 points and remained in positive for most of the market time with only one short visit in the negative just after the start of trading. It closed at 8,580.74 points with a positive change of 14.36 points or 0.17 percent.

ISLAMABAD (February 09, 2010): Imtiaz Haider joined Islamabad Stock Exchange (ISE) as Managing Director with effect from February 8, 2010.A press release of the ISE issued on Monday said, Imtiaz Haider had more than 20 years experience in finance, business management, corporate governance, academia and marketing.

ISLAMABAD (February 09, 2010): The Securities and Exchange Commission of Pakistan (SECP) registered 254 companies during the month of January, 2010, as compared to 189 and 237 companies registered during November, and December 2009, showing an increase of 34 per cent and 7 per cent, respectively.

KARACHI (February 09, 2010): Karachi Stock Exchange (KSE) has invited bids for the purchase of membership right/seat of the exchange from the eligible individuals and corporate bodies, financial institutions and banks (local & foreign). In a notice issued here on Monday, the KSE said that any offer if accepted would be subject to the terms and conditions and the membership criteria of the exchange.

ISLAMABAD (February 09, 2010): Detailed information on the business bank accounts of registered taxpayers would directly be available to the tax officials through the Sales Tax Automated Refund Repository System (Starr) for quick processing of refund claims.

KARACHI (February 09, 2010): The National Investment Trust (NIT) has announced launching of its new product 'NIT Income Fund' (NIT IF) on February 15. The Initial Offering of the Fund will remain open for five days from February 15 to 19, 2010. NIT Chairman Tariq Iqbal Khan, during a pre-IPO presentation held at Karachi Stock Exchange auditorium here on Monday, said that the NIT-IF is aimed to provide competitive stream of return with moderate level of risk for its unit holders (both individual and institutional), by investing primarily in fixed income securities/instruments.

LAHORE (February 09, 2010): The Directorate of National Savings (NSs) has generated an amount of Rs 3.6 billion till January 26, 2010 through subscription of newly launched National Savings Bonds to be traded at all the three stock exchanges in near future. The National Saving Organisation's (NSO) portfolio has been increased from Rs 1040 billion in November 2007 to Rs 1550 billion as compared to the State Bank's portfolio that has been declined from Rs 1400 billion in November 2007 to Rs 1100 billion.