06-20-2024, 10:25 AM
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KARACHI:The stock market s impressive rally came to nikeair an end this week as investors chose to book profits ahead of the Ashura holidays.The benchmark KSE-100 index fell marginally by 80 points (0.3%) during the shortened trading week which ended on November 13.Despite a positive start to the week, the market could not sustain its upward momentum after the State Bank of Pakistan announced that it would reveal the monetary policy for the next two months a bit ahead of schedule, resulting in profit-taking by market participants.The m dunk low arket opened the week on a strong note after the International Monetary Fund announced that it was satisfied with Pakistan s performance in its review of the economy, enabling the release of $550 million under the Extended Fund nike 95 Facility.A lot of activity was also witnessed in the banking sector as investors anticipated a 100-basis-point hike in the discount rate. However, the index closed with only a small gain as investors resorted to profit-taking towards the e airmax LAHORE:Returning officers (ROs) overseeing two Lahore constituencies kept their decisions pending on Thursday regarding challenges to the nomination papers of Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan.This process is part of the ongoing scrutiny of nomination papers initiated on Monday and set to continue until Saturday. Over 28,600 nomination papers filed last week for the February 8 elections are scheduled for examination during this week-long exe new balance 990 rcise.On Wednesday, objections were raised against the nomination papers of Bilawal for NA-127, Lahore, Imran for NA-122, Lahore, and Pakistan Muslim League-Nawaz (PML-N) Chief Organiser Maryam Nawaz for a provincial assembly seat of PP-80.In NA-122, during a Thursday hearing, Imran rsquo;s lawyer admitted to the RO that the seconder of PTI rsquo;s founder did not belong to the NA-122 constituency. However, the lawyer emphasized nb 9060 that this discrepancy was unintentional a
KARACHI:The stock market s impressive rally came to nikeair an end this week as investors chose to book profits ahead of the Ashura holidays.The benchmark KSE-100 index fell marginally by 80 points (0.3%) during the shortened trading week which ended on November 13.Despite a positive start to the week, the market could not sustain its upward momentum after the State Bank of Pakistan announced that it would reveal the monetary policy for the next two months a bit ahead of schedule, resulting in profit-taking by market participants.The m dunk low arket opened the week on a strong note after the International Monetary Fund announced that it was satisfied with Pakistan s performance in its review of the economy, enabling the release of $550 million under the Extended Fund nike 95 Facility.A lot of activity was also witnessed in the banking sector as investors anticipated a 100-basis-point hike in the discount rate. However, the index closed with only a small gain as investors resorted to profit-taking towards the e airmax LAHORE:Returning officers (ROs) overseeing two Lahore constituencies kept their decisions pending on Thursday regarding challenges to the nomination papers of Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari and Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan.This process is part of the ongoing scrutiny of nomination papers initiated on Monday and set to continue until Saturday. Over 28,600 nomination papers filed last week for the February 8 elections are scheduled for examination during this week-long exe new balance 990 rcise.On Wednesday, objections were raised against the nomination papers of Bilawal for NA-127, Lahore, Imran for NA-122, Lahore, and Pakistan Muslim League-Nawaz (PML-N) Chief Organiser Maryam Nawaz for a provincial assembly seat of PP-80.In NA-122, during a Thursday hearing, Imran rsquo;s lawyer admitted to the RO that the seconder of PTI rsquo;s founder did not belong to the NA-122 constituency. However, the lawyer emphasized nb 9060 that this discrepancy was unintentional a