Business
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…
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…