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Pakistan Stock Exchange makes historic record

Discussion in 'Pakistan Economy' started by shah1398, Aug 12, 2016.

  1. shah1398

    shah1398 SENIOR MEMBER

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    Pakistan Stock Exchange makes historic record
    Posted By: News Deskon: August 12, 2016
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    LAHORE (APP): Pakistan Stock Exchange’s (PSE) 100-index has crossed to the highest 40,000 points-benchmark ever in history.

    President Federation of Pakistan Chamber of Commerce and Industries (FPCCI) Friday lauded the government’s macro-economic policies.

    Talking to APP, FPCCI president Abdul Rauf Alam said that the highest ever 40,000 points benchmark has hit an all- time high 40,012 points.

    FPCCI president said that government was successfully attaining macro-economic stability including re-engagement of international financing institutions which was firmly pursuing the goal of economic growth and employment generation.

    Abdul Rauf Alam said that it was a good sign that all the macro-economic indicators were positive, forex reserves stood at over 20 billion dollars and inflation rate was under 3 percent.

    He further lauded the determination of the government to achieve 6 to 7 percent growth rate within by 2018.

    There was 18 percent growth in revenue generation during the current fiscal year and government should achieve the revenue target set for 2015-16,” he added.

    FPCCI President said that apart from due focus on economy, the government had also paid full attention to development of energy sector to alleviate the problem of energy shortage in the country.

    He appreciated the government for giving due focus on anti-terrorism operation which was necessary to ensure a peaceful and secure environment, which is key to ensure economic progress.

    https://timesofislamabad.com/pakistan-stock-exchange-makes-historic-record/2016/08/12/
     
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  2. RAMPAGE

    RAMPAGE SENIOR MEMBER

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  3. HRK

    HRK PDF THINK TANK: CONSULTANT

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    all three stock exchanges were merged together as one ... Pakistan Stock Exchange
     
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  4. RAMPAGE

    RAMPAGE SENIOR MEMBER

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    Won't that confuse traders who trade internationally?
     
  5. HRK

    HRK PDF THINK TANK: CONSULTANT

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    no ....
     
  6. RAMPAGE

    RAMPAGE SENIOR MEMBER

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    So changing the name won't decrease its brand value?
     
  7. Providence

    Providence BANNED

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    No. Brand value are for prime time headlines and flashy articles. Traders don't give a rat's *** to the bourse name. They will do what they do as long as their VAR models holds and fundamentals makes sense.
     
    Last edited: Aug 12, 2016
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  8. HRK

    HRK PDF THINK TANK: CONSULTANT

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    no... merger has broaden the base for investors & registered companies & now our stock exchange is more appropriate reflection of the sentiments of investors of whole Pakistan rather then some groups of investors sitting in Islamabad or Lahore or Karachi .... it actually widen the business opportunity for both local & international investors
     
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  9. muhammadali233

    muhammadali233 FULL MEMBER

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    Can someone explain,what is a point in Stock exchange?
     
  10. vishalkamble

    vishalkamble FULL MEMBER

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    can anybody (other countries) invest in the Pakistan stock exchange
     
  11. ziaulislam

    ziaulislam ELITE MEMBER

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    merging was right decision
    problem is even though our stock exchange is doing good, its still not translating in more direct investment
     
  12. LA se Karachi

    LA se Karachi FULL MEMBER

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    I really should invest. Looks like I can get a decent return in just a week.
     
  13. livingdead

    livingdead ELITE MEMBER

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    bad time probably... to buy at historic record... :)
     
  14. LA se Karachi

    LA se Karachi FULL MEMBER

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    ^ But that's exactly my point. Every week, there seems to be a new record high. :cheesy:
     
  15. livingdead

    livingdead ELITE MEMBER

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    you never know when the fall will come... the probablity increases with every record.