Business
May’20 Inflation settled at 8.22 pc YoY
Karachi, June 01, 2020: As per the Pakistan Bureau of Statistics (PBS), CPI for the month of May’20 clocked-in at 8.22 percent YoY (in line with expectations) compared to 8.38 percent YoY in May’19 and 8.53 percent in Apr’20, respectively. According to Arif Habib Securities, this took the 11MFY20 average inflation to 10.94 percent against…
Pakistan Stock Exchange closed by +90pts
Karachi, June 01, 2020: Market traded in a narrow range today between +131 points and -111 points closing the session +90 points. E&P, Banking scrips largely remained positive, whereas Cement, Fertilizer and Pharma stocks faced selling pressure. Diminishing prospects of a further rate cut caused investor to shift focus on other sectors. Today’s release of…
Emirates Airline announces layoff due to COVID-19
Karachi, May 31, 2020: One of the world’s leading airline Emirates has decided to layoff a number of the workforce due to the COVID-19 pandemic crisis in the aviation industry. Emirates Airline in a statement said that in this difficult time the airline has decided to say goodby to some of the people. Emirates spokesperson…
Pakistan Stock Exchange closes higher
Karachi, May 29, 2020: Market traded in the positive zone today, which was primarily caused by slight improvement in international crude prices (as compared to yesterday). E&P, OMCs largely remained positive, whereas Cement and Banking sector scrips also rebounded from recent lows. Cement Sector stocks saw an attrition of 10 percent in the past couple…
Pakistan stock exchange market closes lower
Karachi, May 28, 2020: Market opened on a negative on Thursday and maintained the negative trajectory, realizing a loss of 238 points during the session and closing -141 points. International crude prices slipped overnight to trade near US$31.5/bbl, which was approx. 4 percent down from the level KSE100 saw on last Thursday, before the market…