Business
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…
ACCA promotes KP as a gateway to economic prosperity
Karachi, February 06, 2020: ACCA (the Association of Chartered Certified Accountants) hosted a high-profile corporate networking conference in Peshawar on the theme ‘KP: Pakistan’s gateway to economic prosperity’ providing a platform to region’s key stakeholders and thought leaders to engage in interdisciplinary, forward-thinking conversations and encouraging collaborative action by proposing a common agenda aimed at…
Emerging market of Africa with gigantic trade potential for Pakistan
Karachi, February 04, 2020: All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) has started collecting marketing intelligence to enhance export of fruits & vegetables to the African countries. By better understanding demands of this specific market and quarantine requirements, we can get an adequate share from the African market of US$ 3.7…