Tag Archives: Exchange

  Karachi Stock Exchange was declared by The Economist as the best market. Brazil and Philippines were beaten by the small Karachi Stock Exchange (KSE), which rose by 40 percent in local currency terms. Of stock markets hunted by The Economist, only Japan’s has performed better. Leaving terrorist explosions the exchange’s strong performance was partly due to improving conditions in Pakistan, including a reasonably free and fair election in May, …

  The economy and foreign exchange reserves of Pakistan like most developing countries across the world rely in part on migration and workers’ remittances. To put things in perspective, the $15.83 billion1 that overseas Pakistani workers (Pakistani Diaspora) sent back home in the country’s fiscal year 2014 from July 01, 2013 to June 30, 2014 contributed to the country’s GDP. An IMF research paper stated that workers’ remittances contributed 4% …

  Historically, the Pakistan Stock Exchange (KSE-100) reached an all-time high of 41,464 in October of 2016 and a record low of 538.89 in June of 1990. In spite of deteriorating political condition and low levels of foreign investment and slow growth and underdevelopment. Pakistan has succeeded in attracting very positive reviews between January and July 2016 from numerous Western media houses, the World Bank and the globally-acclaimed credit rating …

  During the nine month period ended March 31, 2016, PSX continued to remain amongst major three best performing exchanges in Asia COMPARATIVE MARKET PERFORMANCE Details June 30. 2015 March 31, 2016 % change Malaysia 1,707 1,718 0.6 Indonesia 4,911 4,845 -1.3 Pakistan 34,399 33,139 -3.7 Philippines 7,565 7,262 -4.0 Vietnam 593 561 -5.4 Brazil 22,029 20,659 -6.2 Thailand 1,505 1,408 -6.4 India 27,781 25,342 -8.8 MSCI EM 972 837 …

  Stock market rises all-time high soon after MSCI announcement Financial sector of any country plays very vital role in the country’s economic growth. Stock market is financial sector’s key institution which provides a platform, where borrower and lender can easily fulfill their financial needs. Stock market performance is factual reflection of any country’s economic performance. In Pakistan stock markets performance is a key for economic uplift and the recent …

  With the incorporation of Exchange Companies the misinterpretations regarding their activities have been wiped out. In order to regularize and have smooth money exchange business in Pakistan, State Bank of Pakistan has incorporated Exchange Companies (the then Money Changers) through FE Circular No. 9 dated July 1, 2002. The real force behind Exchange Companies formation in Pakistan was the post 9/11 world economic and political situation, when the inward …