Business
PSX index closed at an increase of 126pts
Karachi, January 24, 2020: Market recovered some losses made earlier during the week and closed the session +126.08 points. During the session, the index swayed from -256 points to +200 points. Cement sector gained both in volume and value, with KOHC hitting upper circuit and healthy buying activity observed in Cement heavy weights including LUCK,…
HSFO Being Exported Today To Asia From Keamari
Karachi, January 24, 2020: Pakistan’s most innovative Oil Company, Byco Petroleum Pakistan Ltd. has always been at the forefront of innovation in the refining and petroleum eco-system.Paving the way for modernization, Byco has become the first company in Pakistan to export High Sulfur Furnace Oil (HSFO). This is potentially a solution to the long-standing problem…
CPHGC Honoured for CSR Work in Balochistan
Outstanding Commitment to Local Communities & Sustainability Karachi, January 23, 2020: China Power Hub Generation Company (Pvt.) Ltd was recognized for its outstanding commitment to local communities in Hub, Lasbella, Balochistan through sustainable CSR initiatives, at the recently held 12th CSR Summit 2020, in Islamabad. Honourable Federal Minister for Maritime Affairs, Syed Ali Haider Zaidi,…
PSX index keep decline from last three days
Karachi, January 23, 2020: Market traded in the range of -122 points and +345 points, closing the session at -54 points. Cement Sector stocks performed well on the expectation of rate hike in North and meeting among Cement manufacturers. However, later during the session the expectation did not materialize which resulted in Cement stocks losing…
Government proposal on GIDC elimination raises ambiguity on fertilizer prices
Karachi, January 23, 2020: The Government’s decision to withdraw GIDC on fertilizer sector will result in a lot of ambiguity pertaining to future urea prices since the GIDC is not payable on the complete gas mix of all the fertilizer manufacturers. Fatima Fertilizers has GIDC payable on none of its Feed gas whereas Engro Fertilizers’…