Business
NITL selects Refinitiv’s World-Check to support KYC
Karachi, January 15, 2020: Pakistan’s First & Largest Asset Management Company National Investment Trust Limited (NITL) has selected World-Check from Refinitiv to support its compliance effectiveness in line with the provisions of the Securities and Exchange Commission of Pakistan’s (SECP) Anti-Money Laundering (AML) and Combating Financing Terrorism Regulatory Framework. Refinitiv’s World-Check Risk Intelligence is used…
PSX index closed on a negative note
Karachi, January 14, 2020: Market replicated the performance seen yesterday with a sway from +250 points to -123 points and closing the session -12 points. Mainly Cyclicals faced the music with major selling pressure was witnessed in Cement Stocks (due to higher coal prices) and Steel sector stocks. E&P sector also saw selling pressure, whereby…
Pakistan automobiles sales rise 23pc MoM in Dec19
Karachi, January 14, 2020: Overall Pakistan car sales jumped by 23 percent MoM to 12.1k units in Dec-2019, however, the rise was largely led by 49 percent MoM increase in sales of Pak Suzuki Motor Company (PSMC). The other two major manufacturers, Indus Motor (INDU) and Honda Car (HCAR) sales dropped by 12 percent MoM…
First locally assembled Hyundai Porter pickup delivered to customer
Karachi, January 13, 2020: Hyundai Nishat Motor (Private) Limited, as per commitment has commenced the deliveries of its locally assembled Hyundai Porter H-100 Pickup, after the bookings were announced open on 3rd December 2019. The 1st locally assembled vehicle was delivered to its proud customer at a graceful event held at a local dealership on…
PSX index closed at an increase of 12pts
Karachi, January 13, 2020: Market moved both ways with an opening of +83 points and oscillating between +246 points and -169 points during the session. The session ended -12 points. Oil & Gas chain remained under pressure throughout the session, with PSO touching session’s low of 210, but bounced back in MoC, crossing 218. Refineries…