Business
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….
PSX market closed on a decline of 286pts
Karachi, August 20, 2020: Market opened on a positive note today with +29 points, however, couldn’t carry the momentum showed in the previous sessions and posted a loss of 372 points in total during the session. The index closed -340 points (unadjusted). Selling activity was observed in Fertilizer, Cement, Refinery and O&GMCs and intensified by…
MCB profit up by 24pc to Rs 13.2 bln in 1st Half of 2020
Karachi, August 20, 2020: The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on August 20, 2020 to review the performance of the Bank and approve the condensed interim financial statements for the half year ended June 30, 2020. In compliance with the SBP’s instructions, Bank has…