PSX soars to record 76,208 points as investors cheer steady CGT

A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Pakistan’s stock market on Thursday surged to its highest level on record, marking its biggest single-day gain in nearly a year a day after the government, beating the market buzz, kept Capital Gains Tax (CGT) rate […]

Investors favour risk-free funds | The Express Tribune

KARACHI: Most investors have parked their savings in risk-free money market and income funds through mutual fund companies, keeping their investment notably low in the riskier Pakistan Stock Exchange (PSX). This is despite the fact that the bourse has outperformed all assets, offering a historically high return on investment of 90% in the first 11 […]

Sukuk: empowering retail investors | The Express Tribune

KARACHI: The debut of Pakistan’s inaugural listed sovereign Sukuk in December last year, valued at Rs30 billion, on the Pakistan Stock Exchange (PSX), alongside robust investor interest totaling nearly Rs400 billion, has paved the way for the consistent issuance of Shariah-compliant securities. This momentum could catalyse the creation of innovative Islamic capital market products such […]

Saudi Arabia desperately looking for investors to fund Neom ‘The Line’ project

The Line turns into a dot as Saudi cuts back project by 98.6%. — Parametric Architecture/File Saudi Arabia is facing difficulties in funding its $500 billion Neom megaproject, which features “The Line” city, Business Insider reported. And now for the first time since its construction which started in 2017, it has invited potential investors to […]

Global investors pull back amid inflation concerns | The Express Tribune

BENGALURU: Global investors dumped equity funds for the second consecutive week in the week ended April 10, amid persistent inflation worries and diminishing expectations for a US Federal Reserve rate cut in June. Economic data released on Wednesday showed US consumer prices increased more than expected in March, casting further doubt on whether the Federal […]

Pakistan eyes $300m by selling Panda Bonds to Chinese investors

Finance Minister Muhammad Aurangzeb. — APP. Federal Minister for Finance and Revenue Muhammad Aurangzeb has expressed eagerness to tap Chinese investors by selling as much as $300 million in Panda Bonds for the first time ever this year.  Panda Bonds are yuan-denominated instruments sold in China by offshore issuers, including companies, multilateral agencies and governments. […]

World Bank offers help to investors | The Express Tribune

ISLAMABAD: The World Bank has offered financial assistance and risk guarantee for investor comfort in a bid to encourage private sector participation in the management of ailing power distribution companies (DISCOs). As efforts are underway to hand over management control of DISCOs to the private sector, the Power Division has drawn up an innovative plan […]

Global investors’ confidence in Pakistan rises | The Express Tribune

KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media platform X “Pakistan’s country risk premium has fallen significantly from its peak of 14.13% on […]

A lost decade for stock market investors | The Express Tribune

KARACHI: If I tell you that the stock market index has just crossed 50,000, then it must not be news for you if you are still investing in the market and watching the index on a daily, if not hourly, basis. However, I am not referring to last week, but to the year 2017 when […]

Wall Street investors seek shelter | The Express Tribune

NEW YORK: Growing volatility in US stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week. The […]

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