Daily SectionMarker

Misc SectionMarker

Weekly SectionMarker

Weekly SectionMarker

Pakistan's Internet Magazine
Herald
Dawn GroupMarker

Archive, Search, Feedback & HelpMarker

Weather
Dawn Classified



FrontPage National International Local Business KSE Forex Sports Editorial Opinion Letters Features Today's Cartoon PTV 2 Guide Cowasjee Ayaz Mazdak Review Dawn Magazine Young World Images Dawn Group Subscription To Advertise

DINA
Previous Story DAWN - the Internet Edition Next Story


01 August 2004 Sunday 14 Jamadi-us-Saani 1425






Badla rates fall to 8.3 per cent

By Our Staff Reporter


KARACHI, July 31: The average weighted carryover rates fell into a single-digit at 8.2 per cent during the previous week after having remained stable around 13 per cent for the last couple of weeks.

"Owing to 2.2 per cent fall in the KSE 100-share index, below market expectations dividend announcements by some of the leading companies and a considerable decline in the turnover figure because of CVT were some of the negative factors behind the cut in rates," analysts said.

They said because of erosion in the share values, investment on the carryover market also suffered a sharp fall of Rs1.3bn or 4.6 per cent at Rs26.1bn. An identical fall was also recorded both in carryover rates and investment on the Lahore Stock Exchange also.

The decline in carryover rates both the KSE and the LSE was caused by a combination of factors, notably falling share values, which in turn flushed out the weakholders as well as potential financiers seeking higher return on investment, they said.

The average carryover rates of the leading scrips also remained in a single-digit at 8.1 per cent, 7.00, 5.9, 6.9 and 8.3 per cent for PSO, OGDC, National Bank, DG Khan Cement and Pakistan Oilfields respectively.




Previous Story Top of Page Next Story

© The DAWN Group of Newspapers, 2004