Pure Pakistani » Misc http://www.purepakistani.com Technology, Telecom, General Info and News Blog Tue, 07 Feb 2012 14:17:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 China Mobile Shares Increased More than 7 Percent http://www.purepakistani.com/2009/08/china-mobile-shares-increased-more-than-7-percent/ http://www.purepakistani.com/2009/08/china-mobile-shares-increased-more-than-7-percent/#comments Mon, 10 Aug 2009 16:07:08 +0000 Umer Kayani http://www.purepakistani.com/?p=1436 China Mobile LogoOn Thursday, 6th August 2009, news that the world’s largest wireless carrier (China Mobile) was listing its shares on the Chinese A-share market led to an increase in stock buying at the Hong Kong bourse.  Investors sold out their idle shares in preparation to buy those of the red-chip company that are to list on the Shanghai Stock Market by year end.  Reports show that by 0744 GMT, the share prices had hit a remarkable HK$86.60 which is a 6.8% rise though slightly lower compared to the 11-month high of HK$86.85. The share index has recorded an increase by 11.5% although it’s an underperformance of about 40% in comparison with the main market index. (Reuters).

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