Business
Pakistan Tobacco Company takes a giant leap towards reversing deforestation
Karachi, March 05, 2021: Pakistan Tobacco Company Limited (PTC) in collaboration with the Ministry of Climate Change inaugurated the Aerial Seeding Event on Monday 1st of March. The Chief Guest, Malik Amin Aslam, Special Assistant to the Prime Minister on Climate Change inaugurated this one-of-a-kind event; an afforestation activity that has never been undertaken before…
Pakistan Textile profits up by 32pc in 1HFY21
KARACHI, March 4, 2021: Pakistan’s textile sector profits posted an increase of 32 percent YoY in the first half of this fiscal year (1HFY21) supported by higher sales and lower finance cost supported earnings. Topline securities has presented profitability analysis of listed textile composite sector of Pakistan, based on a sample of 21 companies; representing 82 percent…
Faysal Bank, NCCPL ink MoU to facilitate employees’ home finance needs
Karachi, March 04, 2021:Â A Memorandum of Understanding (MoU) was signed between Faysal Bank Limited and National Clearing Company of Pakistan Limited (NCCPL), a capital market infrastructure institution of Pakistan. The Pakistan Mortgage Refinance Company (PMRC)Â collaborated on the said initiative. Mudassir H. Khan, MD & CEO, PMRC was the Chief Guest at the occasion. Under…
KSE 100 closed decreased on -1.91pc
Karachi, March 04, 2021: Throughout the day, the KSE 100 remained in bearish momentum as the result of senate elections wreaked havoc on sentiment. Selling pressure was witnessed across the board where stocks such as LUCK (-2.5 percent), TRG (-3.3 percent), BAFL (-1.7 percent), HUBC (-1.7 percent), FFC (-1.3 percent) and UBL (-2.2 percent) lost…
KSE-100 closed with increase of 0.4pc
Karachi, March 03, 2021: Market traded in the positive zone for good part of the session in excitement of Senate Elections. Besides, energy chain remained recipient of fresh flows from investors on the back of release of funds from Government in conclusion of deal with IPPs. Other than Banks and E&P stocks, overall market saw…