Business
PSX closed at an increase of 103pts
Karachi, January 17, 2020: PSX market remained volatile throughout the day, making an intraday high of +151 and an intraday low of -48 points, to finally close at 43,167, up 103 points from yesterday’s close. Daily traded value stood at US$41 million, while volume stood at 211 million shares, down 4 percent. Major contribution to…
Faisalabad SEZs to create 70,000 new jobs in one year
Islamabad, January 17, 2020: The recently launched Special Economic Zone (SEZ) under China Pakistan Economic Corridor (CPEC) in Faisalabad would create around 70,000 new jobs within a year while it will also absorb as many as 400,000 skilled workers in four years. According to the estimates of Faisalabad Industrial Development and Management Company (FIEDMC), more…
PSX index closed on a positive note
Karachi, January 16, 2020: Market maintained the range bound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43K level. Political uncertainty has so far kept the otherwise bright outlook muddled. Banking sector scrips also held on to price levels, whereas Index heavy weights such as…
PSX index closed on a negative note
Karachi, January 15, 2020: Political uncertainty took controls over sentiment today. Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry. Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs,…
Urea sales posts 84pc surge in Dec 2019
Karachi, January 15, 2020: Urea sales during Dec’19 witnessed a phenomenal jump of 84 percent YoY to 1,307k tons, which is the highest monthly urea offtake historically. On 2019 yearly basis, urea offtake clocked-in at 6.19 million tons. Last year, the government operated two fertilizer plants on RLNG. Post this, there was no shortfall of…