Business
CDC to facilitate investment in PSX by NRPs through Roshan Digital Account
Karachi, August 25, 2020: “Central Depository Company of Pakistan Limited (CDC) to facilitate investment by Non-Resident Pakistanis in the Pakistan Stock Market through Roshan Digital Account with designated large-scale banks” said Mr. Badiuddin Akber, CEO-CDC. He further stated that Roshan Digital Account is a remarkable step taken by the State Bank of Pakistan to facilitate…
Standard Chartered Pakistan announces H1 2020 results
Karachi, August 25, 2020: Standard Chartered Bank (Pakistan) Limited today announced its H1 Results for 2020. The Bank performed exceptionally well in H1 2020 and delivered Profit before tax of PKR 16.2 billion, which is 26 percent higher than corresponding period last year. With Revenue of PKR 23.5 billion, the overall revenue growth was 26…
PSX index closed showing an increase of 490pts
Karachi, August 25, 2020: Market opened on a positive note today and carried the momentum by adding a total of 538 points and closing the session +490 points (unadjusted). Banking sector stocks advanced today and were supported by a rebound in prices of E&P, OMCs, Refinery, Chemicals, Steel sectors. Expectation of rebound in Economy and…
Challenging quarter impacts Shell Pakistan’s results
Karachi, August 21, 2020: The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the second quarter results for the company on 21st August. The company posted an after tax loss of PKR 3,540 million compared to the loss of PKR 1,704 million made in the same period last year. Second quarter was a challenging…
Meezan Bank announces Financial Results for first half year
Karachi, August 21, 2020: The Board of Directors of Meezan Bank Limited in its meeting, held on August 17, 2020 approved the financial statements of the Bank for the half year ended June 30, 2020. The meeting was presided by Mr. Riyadh S.A. A. Edrees – Chairman of the Board, Mr. Faisal A. A. A….