Business
JS Bank’s half yearly profits skyrocket
Karachi, September 2nd, 2020: JS Bank has reported an incredible turnaround in its profitability by posting profit before tax of PKR 1,472 million for the half year ended June 30, 2020 as compared to a loss before tax of PKR 597 million over the corresponding period last year. The increase in profit is mainly due…
Emirates SkyCargo takes taste of Pakistani mangoes across world
Karachi, September 01, 2020: Emirates SkyCargo, the freight division of Emirates airline, has transported over 10 million mangoes from Pakistan this season to destinations around the world. Pakistan is regarded as one of the most important producing markets in the world for mangoes of quality. Mango, also considered the ‘king’ of fruits, is a specialty…
BankIslami posts PAT of over Rs.1 billion for HY2020
Karachi, September 01, 2020: The Board of Directors of BankIslami Pakistan Limited (‘The Bank’ or ‘BankIslami’) in their meeting held on August 28, 2020 in Karachi approved the Bank’s interim financial results for the first half year ended June 30, 2020. BankIslami generated operating profits (before provisions and tax) to the tune of Rs. 3,382million,…
KSE100 index touched high of 255pts
Karachi, September 01, 2020: Bulls dominated the KSE100 index, where the index touched a high of +255 points. However later in the day, the market declined to close at 41,111 level (+55 points). Volumes for the day accumulated to 452 million as BIPL (10.5 percent), TRG (-7.2 percent), PRL (7.5 percent), HASCOL (2.0 percent) and…
PSX index showing an increase of 266pts
Karachi, September 01, 2020: Market continued the bull run by adding another 290 points during the session and closed +267 points (unadjusted). Cement sector contributed the most on the index, whereby LUCK, PIOC and MLCF performed well. Chemical sector also saw improved performance with SPL, DOL hitting upper circuits and similar performance in LOTCHEM and…