Business
PSX index closed on a negative note on monday
Karachi, February 11, 2020: Market again faced a significant drawdown that saw index going down by 947 points during the session and closing 825 points down from LDCP (unadjusted). Inflationary pressures, political wrangling and in-progress normalization of inverted yield curve have proven to be detrimental to investor sentiment which has seen market nose diving from…
Dun & Bradstreet Issues Report on Pakistan Business Optimism Index (BOI) for Q4, 2019
Businesses in Pakistan are optimistic and have a positive outlook for Q1, 2020 Karachi, February 10: Dun & Bradstreet has launched its World Renowned ‘Business Optimism Index’ for Pakistan according to which Businesses in Pakistan are overall optimistic about their outlook for Q1, 2020. The composite Business Optimism Score stands at 144.6 points compared to…
PSX index closed with a decline of 581pts
Karachi, February 07, 2020: After opening on a positive note and gaining 145 points in the first session, the market saw heavy sell-off that aggravated in the second session losing 678 points during the session and closing -580 points (unadjusted). Bond yields for 3Y and 5Y were also observed to be trading at higher yields…
Cement sector posted a domestic growth of 3.86pc in first seven months of current fiscal year
Karachi, February 07, 2020: Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during the same month last year. As per the data released by All Pakistan Cement Manufacturers’ Association (APCMA) domestic consumption increased by…
PSX index closed with a negative note
Karachi, February 06, 2020: Market opened on a positive note and went up by 278 points during the session, which was mainly contributed by Oil & Gas sector scrips, E&P and OMCs. International crude prices prompted investors to build positions in oil & gas chain, however, selling pressure brought prices down and index moved downwards…