Business
Industrialists appeal CM Sindh to don’t end lockdown
Karachi, April 30, 2020: Patron in Chief North Karachi Association of Trade & Industry (NKATI) Capt. A Moiz Khan and president Nasim Akhtar have expressed grave concern over rumors of end or easing of lockdown across Sindh, including Karachi, and appealed to Chief Minister Sindh Syed Murad Ali Shah to continue lockdown for prevention of…
PSX index closed with an increase of 953pts
Karachi, April 30, 2020: Just before the long weekend, Market went north today with a jump of 1020pts during the session, closing +953 points, courtesy of rising crude oil prices, expectation of rate cut and relaxation in lockdown. Activity was observed across the board, with major contribution from oil and gas stocks i.e. E&P, OMCs,…
KSE-100 index closed up 1.9pc following a bleak trading session
Karachi, April 29, 2020: Today the benchmark KSE-100 index closed at 33,159 levels (up 1.9 percent) following a bleak trading session. Overall, the volumes remained dry with petite participation from the investors due to Ramadan. In the E&Ps, OGDC (4.5 percent), PPL (3.0 percent) and POL (6.3 percent) closed in the green zone as the…
PSX market stock slightly gains
Karachi, April 28, 2020: Market saw rebound of cement sector as the concerns over cement price / bag dissipated. Upcoming data release on inflation and possible rate cut helped investors take a positive view on equities. International crude oil prices edged lower, with WTI slipping below US$ 11/bbl that kept pressure on E&P stocks. PSO,…
Resounding success of BankIslami Ehad Sukuk
IPO oversubscribed by 1.07x with more than 80% of the applicants subscribed through E-IPO. Karachi, April 28, 2020: The Initial Public Offering (IPO) of BankIslami Ehad Sukuk has been successfully closed. Despite the ongoing COVID–19 pandemic, significant interest was received from both institutional and retail investors with PKR 320.6 million subscriptions received against the IPO…