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Local investors criticize PPL’s share selling

KARACHI: Several questions start arising over the selling of government’s shares in Pakistan Petroleum Limited (PPL) and United Bank Limited (UBL), as investors are saying that PPL’s shares have been sold to local investors on higher price while UBL’s share have been sold out to foreign investors on cheap rates, ARY News reported. According to investors government has done discrimination in selling of UBL and PPL shares. Economic analyst Muzammil Aslam told ARY News that single out foreign and local investors by adopting…

KSE 100-Index crosses 29000 points

KARACHI: Karachi Stock Exchange (KSE) regained positive flow on Thursday when investor’s confidence boosted up great after having above the expectation response on the auction of Pakistan Private Limited's (PPL) share, ARY News reported. KSE 100-Index remained in positive zone throughout the day and suspended higher having 29188.53 shares with the positive change of 207.19 points or 0.71 per cent. High and Low were 29204.17 and 28981.34 respectively. Total volume traded in the market was 185,798,445 and in terms of value…

Gov’t decides to privatize PPL,PIA, PSM and three banks

ISLAMABAD: Government has decided to privatize shares of three banks (owned by the government), Pakistan Petroleum Limited (PPL), Pakistan International Airline (PIA) and Pakistan Steel Mills (PSM), ARY News reported on Monday. This was revealed by secretary privatization in the meeting of Senate Standing Committee on Finance and Privatization The meeting was chaired by Senator Nasreen Jalil. The government has decided to privatize the shares of Habib Bank Limited (HBL), United Bank Limited (UBL) and Allied Bank in the…