Business
PSX closed at an increase of 354pts
Karachi, May 19, 2020: Market opened on a positive note today and went up by 546 points during the session, closing +318 points (unadjusted). Increasing international crude prices helped E&P, OMCs and Refinery sectors contribute to the growth in index. Besides, Pharmaceuticals posted price gains on the back of prospects of working towards cure for…
Mutual Fund report April 2020
Karachi, May 18, 2020: In April-20, total Asset Under Management (AUM) of mutual fund industry grew by 14 percent MoM to PKR766 billion, open-end funds augmented by PKR~91 billion and stood at PKR736 billion. Category wise analysis revealed, AUM of Equity Fund increased by 21 percent MoM (PKR20 billion), Money Market Funds AUM improved by…
PSX closed at a decline of 203pts
Karachi, May 18, 2020: Post rate cut on Friday, market posted some gains today, showing an upside of 385 points earlier in the session, however, profit booking caused Index to slide posting a decline of 238 points during the session and closing -203 points. Banking sector primarily caused the plunge resulting in across the board…
Business enabling Regulatory Environment to boost Ease of doing Business and FDI
Karachi, May 18, 2020: The Overseas Investors Chamber of Commerce and Industry (OICCI), has felicitated the SECP on the Companies (Amendment) Ordinance, 2020 promulgated on April 30th. The Chamber, along with other leading business association, has in the past challenged some of the over-regulatory conditions introduced in the Companies Act 2017 without due engagement of…
Karachi Stock Exchange index up 2.2pc WoW
Karachi, May 17, 2020: After correction witnessed in the last week, the KSE-100 index gained 2.2 percent WoW, to close at 34,008. Moreover, news flows on the upcoming budget also begun to surface this week. Volumes also increased this week (+15 percent WoW), however traded value took a dip (-21 percent WoW). Moody’s report was…