Business
Transfast partners with HBL for global remittances
Karachi, June 23, 2020: Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available…
PSX index closed with an increase of 325pts
Karachi, June 23, 2020: Market followed the momentum made yesterday and increased another 335 points during the session, closing +309 points (unadjusted). Traded volume remained thin as have been the case in the past couple of sessions, mainly due to financial year end marked to market valuation of portfolio scrips by institutional investors. Among E&P…
Governor SBP chairs first meeting of steering committee on housing and construction finance
Karachi, June 23, 2020: To prepare and implement a roadmap to ensure sustainable market‐led financing of housing projects and mortgages in order to promote the development of housing and construction industry in the country, the Governor State Bank of Pakistan, Dr. Reza Baqir, formed a Steering Committee on Housing and Construction Finance last week. The…
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…