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Articles for tag: Dr Shamshad Akhtar, Hamza Azhar Salam, pakistan daily, Pakistan stock exchange, PSX, psx woman chairperson, psx women chairman, raja furqan ahmed, shamshad akhtar, The Pakistan Daily

May 5, 2021

The Pakistan Daily

Pakistan Stock Exchange appoints first woman chairperson in the history of Pakistan

Dr Shamshad Akhtar has become the first woman to become the Chairperson of the Pakistan Stock Exchange (PSX). She has previously served as a caretaker Finance Minister and was also the 14th Governor of the State Bank of Pakistan. Dr Shamshad Akhtar was unanimously elected as the Chairperson for the Pakistan Stock Exchange at the first meeting of the newly elected board on Wednesday. Prior to this appointment, Dr Shamshad Akhtar has worked with the United Nations as a senior advisor to then Secretary General, Ban Ki-Moon. A through finance professional, Dr Akhtar has also worked as a Vice President

November 17, 2020

The Pakistan Daily

Jahangir Tareen resigns as CEO JDW Sugar Mills as FIA investigates him for ‘corporate fraud’

LAHORE: Jamal Din Wali (JDW) Sugar Mills announced that Jahangir Khan Tareen would not continue as Chief Executive Officer of the company in a notification issued to the Pakistan Stock Exchange (PSX). Raheal Masud, a director at the mill who is considered to be extremely close to Jahangir Tareen will serve as the new CEO of the company from 16 November 2020. Sources in the sugar industry have claimed that Jahangir Tareen’s corporate reputation has taken a plunge after the Federal Investigation Agency (FIA) accused him of being the architect behind Pakistan’s sugar crisis which resulted in the loss of

October 29, 2020

The Pakistan Daily

KSE-100 plunges amidst political instability, loses 1298 points

Pakistan’s benchmark index plunged amidst political instability on Thursday as KSE 100 Index shredded more than 1,200 points as the market saw sustained selling pressure in the backdrop of the news of a second coronavirus lockdown. The Pakistan Stock Exchange ended on a negative note, with the benchmark KSE 100 Index losing 1,298 points, or 3.15%, by the end of the trading session to reach 39,888. 374.8 million shares had changed hands by the end of the session, with a total worth of nearly Rs16.5 billion. Stocks of 372 companies were traded, of which 50 gained in value, 315 declined

October 8, 2020

The Pakistan Daily

PSX continues upwards trend

The Pakistan Stock Exchange (PSX) on Thursday continued on an upward momentum, ending the day on a positive note. The benchmark KSE 100 Index gained 503 points, or 1.26%, by the close of trading to reach 40,412. Close to 355.09 million shares changed hands by the end of the session, with a total worth of nearly Rs12.6 billion. Stocks of 377 companies were traded, of which 200 gained in value, 160 declined and 17 remained unchanged. Volumes were led by Hascol, with 107.7 million shares traded. Unity Foods Limited, TRG Pakistan, Maple Leaf Cement Factory Limited (MLCF) and Bank of

October 2, 2020

News Desk

KSE 100 closes at 40,676 as Bulls dominate

ISLAMABAD: Bulls ruled the Pakistan Stock Exchange (PSX) on Thursday as the KSE-100 index closed at 40,676.92 points, gaining 105.44 points, or 0.26%, as compared to 40,571.48 points on the last working. A total of 371,732,175 shares worth Rs12.504 billion exchanged hands as compared to 473,730,084 shares worth Rs Rs15.372 billion that were traded during the previous day. As many as 399 companies’ transacted shares in the stock market, out of which 153 recorded gain and 230 sustained losses whereas the share price of 16 companies remained unchanged.

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