Business
PSX index closed on negative 900pts unadjusted
Karachi, September 28, 2020: Last week’s rollover session had its trickle down impact on today’s trading session as well, primarily due to low settlement ratios. On top of it, political uncertainty caused by arrest of Opposition leader also caused ripples that resulted in index losing 1056 points during the session. The index closed -900 points….
Lucky Cement voted as Pakistan’s most outstanding company in Materials Sector by Asiamoney
Karachi, September 29, 2020: Lucky Cement Limited was recognized by Asiamoney under its Asia’s Outstanding Companies Poll 2020 for Materials sector in Pakistan. Asia’s Outstanding Companies Poll recognizes publicly listed companies across the region for their excellence in a variety of business areas and markets. The results recognized 140 companies as being the most outstanding…
PSX index closed today with positive 52pts
Karachi, September 17, 2020: The benchmark index opened positive and touched a high of +350 points. The market remained in the green throughout the day and closed at 42,335 (+52 points) level. Overall volumes stood at 509 million shares, while value traded stood at US$91 million. PTC (8.8 percent), UNITY (3.2 percent), FFL (2.3 percent)…
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…