Business
PSX index closed with an increase of 475pts
Karachi, February 04, 2020: Market staged a recovery after a major draw down of 1222 points yesterday and largely remained positive throughout the session barring -60 points earlier in the session. Overall, the Index moved up by 544 points and closed the session at +475 points. Banking sector played an important role in market recovery…
Proposed rise in gas price will seriously affects industrial sector: President FPCCI
Karachi, February 04, 2020: Mian Anjum Nisar President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) strongly criticized the move to increase gas prices and urged Prime Minister Imran Khan to immediately stop the implementation of the proposal. He said that the proposal of the Ministry of Petroleum would seriously affect the industrial sector,…
KSE-100 drops 2.4pc on political uncertainty
Karachi, February 01, 2020: Pakistan equities closed the week at 41,630 levels, losing a further 2.4 percent WoW as material triggers remained elusive. The country’s political landscape appeared to be in limbo as friction within members of the ruling PTI piled on pressure from the opposition and provincial governments. The world beyond our borders seemed…
Engro Fertilizers takes lead to reduce Urea price by Rs 160
Karachi, January 31, 2020: Engro Fertilizers welcomes the decision of Government of Pakistan to reduce GIDC on urea. In line with the decision and to support the valued farmers of the country. Engro Fertilizers has decided to fully pass on the benefit of change in GIDC rates by announcing a 160/bag reduction in urea prices,…
Lucky Cement records consolidated earnings of PKR 3.21 bln for half-year ended Dec 31, 2019
Karachi, January 30, 2020: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 3.21 billion after taking out PKR 0.71 billion attributable to non-controlling interests for the half year ended December 31, 2019, which translates into earnings per share (EPS) of PKR 9.93 / share as compared to PKR 17.92…