Business
Pakistan Stock Exchange closed on a positive note
Karachi, May 15, 2020: Market opened on a positive note today with +89 points and went up by 236 points during the session, closing +203 points at 34K level. Bounce in international crude prices helped oil and gas stocks to stage some recovery from recent past sessions. OGDC and PPL particularly performed well. In the…
PSX Lists BankIslami Ehad Sukuk Certificates
Karachi, May 15, 2020: Pakistan Stock Exchange announced the listing of BankIslami Pakistan Limited (BankIslami) Ehad Sukuk Certificates with effect from May 14, 2020 whereas trading in the same has commencedfrom today, May 15, 2020. The President & CEO of BankIslami, Syed Amir Ali, commenced the listing of the Sukuk issue by striking the PSX…
Industrialists looking for cut in gas tariff
Karachi, May 13, 2020: Patron of SITE Association of Industry, Zubair Motiwala has appealed the Prime Minister of Pakistan Imran Khan to save the exporting industries in general and textile sector in particular from total collapse amid corona pandemic and subsequent severe economic crisis. In a press statement, Zubair Motiwala demanded Prime Minister Imran Khan…
PSX index closed with an increase of 90pts
Karachi, May 13, 2020: Market opened on a positive note today with +125 points and maintained the momentum from yesterday, gaining 200 points before facing resistance. MSCI rebalancing did not result in HBL’s ouster, which is the main reason for selling pressure in HBL in the past sessions. HBL posted price gains but still stayed…
No car sales recorded in April 2020 amidst COVID-19 lockdowns
Karachi, May 12, 2020: The lockdown due to COVID-19 imposed by the Federal and Provincial government in the later half of March 2020 till date has resulted in no car sales during April 2020, as reported by PAMA. The lockdowns has resulted in closure of plants operations along with car dealerships across the country. As…