Business
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…
Bank Alfalah records profit after tax of PKR 2.821 bln
Karachi, April 28, 2020: The Board of Directors of Bank Alfalah Limited in its meeting held on April 26, 2020, approved the Bank’s unaudited condensed interim financial statements for the quarter ended Mar 31, 2020. The Bank’s pre-tax profit and post-tax profit stood at Rs. 4.757 billion and Rs. 2.821 billion respectively, translating into an…
PSX index closed on a decline of 492pts
Karachi, April 27, 2020: Market opened on a negative today at -198 points and 1.6 million shares traded at the opening bell. In few minutes, the benchmark index hit -450 points and gradually picked pace to realize a loss of 675 points during the entire session. Cement sector largely took the bantering, mainly due to…