Business
PSX Index closed with an increase of 299 pts
Karachi, June 22, 2020: Market went down in the early part of the session, declining by 368 points but rebounded later to erase all losses and closed +353 points (unadjusted). The intra-day movement amounted to 723 points. Fertilizer sector contributed to the positivity, mainly on the back of EFERT and FFC, which was further aided…
KSE 100 closed on a positive note
Karachi, June 22, 2020: Today benchmark KSE-100 index closed in the positive zone after making a high and low of +356 points and -367 respectively to finally close at 33,738 levels, 0.9 percent up. PPL (0.1 percent), OGDC (2.1 percent) and POL (2.0 percent) in the E&Ps closed in the positive zone as the international…
Commercial Importers protest against inclusion of raw materials in finished goods schedule
Karachi, June 22, 2020: Amin Yousuf Balgamwala, chairman PCDMA & former director of Karachi Stock Exchange has expressed serious concerns over the inclusion of certain industrial raw materials in the category of finished goods in the budget 2020-21 and demanded re-entry of industrial raw materials in Part 2 by maintaining the previous rate of income…
KSE-100 index declines 3.4pc WoW
Karachi, June 22, 2020: The KSE100-index witnessed 3.4 percent WoW correction, closing at 33,439 levels this week. While the Federal Budget FY21 announced last week brought no joy to market participants, sentiments were further dampened by political noise as BNP-M quit from PTI-led coalition government. Volumes improved during the week, however traded value declined by…
SBP calls meeting of Bank Presidents on Naya Pakistan Housing Program
Karachi, June 17, 2020: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks today for deliberations on the measures proposed by Naya Pakistan Housing and Development Authority (NAPHDA) and identify way forward to ensure sustainable market-led financing of housing projects and mortgages. The meeting was chaired by the Governor SBP,…