Business
PSX index closed at negative note
Karachi, September 16, 2020: The PSX benchmark index blew both hot and cold today, making an intra-day high of +198 points and stopping to a low of -254 points, to finally close at 42,282 levels (-64 points). Volumes decreased by 26 percent DoD to 490 million shares, compared to 663 million shares in the previous…
EFP demands federal intervention in restoration of gas supply to Balochistan
Karachi, September 16, 2020: Ismail Suttar, President of Employers’ Federation of Pakistan (EFP), has resentfully concluded that the Sui Southern Gas Company (SSGC) is either incompetent or under pressure from unknown players despite the consistent pushing by stakeholders for days over record low-pressure ahead of winters. In the past, due to negligence, nepotism and deep-rooted…
BankIslami wins brand of the year award 2019 for Islamic Banking
Karachi, September 16, 2020: BankIslami, the country’s leading Islamic bank, has bagged one of the most prestigious national accolades this year by becoming the Brand of the Year 2019. The bank won in the Islamic Banking category in acknowledgment of its achievements in highlighting brand excellence as well as noteworthy performance across the industry. The…
Meezan Bank wins ‘Shariah Authenticity Award 2020’ at Global Islamic Finance Awards
Karachi, September 16, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has been conferred with ‘Shariah Authenticity Award’ among multiple accolades at the 10th Global Islamic Finance Awards (GIFA) held in Islamabad, Pakistan. The Bank has also been recognized as ‘Shariah Auditor of the Year’ and ‘Sukuk House of the Year Award’. All the…
PSX index closed at decline of 185pts
Karachi, September 15, 2020: Market opened on a positive today, maintained positive momentum during the session but selling pressure in the end brought the index down by 165 points (unadjusted). Profit booking continues from past sessions, however, Investors have generally been switching positions from stocks that have nearly doubled from their recent bottoms (Cement) into…