Business
SEPA stops Engro factory operations on gas leakage
Karachi, March 06, 2020: Sindh Environmental Protection Agency (SEPA) ordered the management of Engro Polymer Company to stop its operations when one of its plants in Bin Qasim Industrial Area emitted gas on Friday. On the directives of CM Sindh Syed Murad Ali Shah, a team of SEPA led by its DG Naeem Mughal arrived…
Pakistan stock market remain green throughout day
Karachi, March 05, 2020: Bears were defeated in today’s session as the market witnessed recovery. The benchmark index opened positive and touched a high of +836 points as institutional participation was witnessed mainly in the main board stocks. The market remained green throughout the day and closed at 39,382 (+476 points) level. Positive sentiments in…
PSX index decline 293pts on wednesday
Karachi, March 04, 2020: Market continued to slide with another draw down of 437 points during the session. By the close of session, index recovered somewhat but ended -293 points from LDCP. Other than Cement and Steel sector scrips, all the other sectors sustained losses. News related to Naya Pakistan Housing Scheme, higher PSDP utilization…
PSX index closed with a decline of 97pts
Karachi, March 03, 2020: Market continued the ascent realizing a gain of +570 points during the session, but felt the need to consolidate and book profits, which saw index sliding, back by -239 points. The benchmark index closed -97 points to close the session. Cement sector has so far shown the strength, which resisted last…
Pakistan banks profitability jumps 20pc in 2019
Karachi, March 2, 2020: The year 2019 has been an exceptional year for the banking sector with profitability increasing by 20 percent or Rs30 billion to reach Rs177 billion, in spite of economic slowdown. The primary driver this year has been the net interest income which has increased by 27 percent from Rs486 billion to…