Business
Pakistan Stock Exchange gains 637 points
Karachi, September 27, 2019: Pakistan Stock Market opened on a positive note with +94 points although volume at start was very low. By the end of first session, the benchmark index grew by 261 points posting a volume of 36.9 million shares. Second session saw significant jump in both volumes and points with an overall…
Pakistan Stock continued slide
Karachi, September 26, 2019: Market has been trading in a narrow range for the past week without breaching 31K level, although recent sessions have seen Index largely adjusting downwards. Selling pressure was evident in index heavy weights like ENGRO, LUCK, OGDC, PPL, HBL and UBL, which kept any increase firmly in check. Market on Close…
Pakistan Trade Deficit declines 30 pc in Aug 2019
Karachi, September 25, 2019: Pakistan’s Trade deficit in Aug-2019 declined by US$700 million (30 percent) YoY as imports declined by 22 percent (US$982 million) YoY while exports saw a 14 percent (US$281 million) dip over the same period. This shrinking of the import-bill can be traced back to significant declines in imports of petroleum products…
PSO announces financial results, declares Rs 10.6 billion in Profit-after-Tax
Karachi, September 25, 2019: Pakistan State Oil (PSO), the leading oil marketing company of the country, convened its Board of Management (BoM) at PSO Headquarters in Karachi to review the performance of the company during the financial year ended June 30, 2019. Despite the challenging economic scenario, reduction in the size and the increasing competition…
Byco Petroleum reports annual gross profit of Rs1.9 bln Amid Industry-Wide challenges
Karachi, September 24, 2019: Byco Petroleum Pakistan Ltd. gross turnover increased by 17 percent from the previous year to Rs. 251 billion following an increase in oil prices and Rupee’s devaluation. Pakistan’s economic growth slowed considerably to nine-year lows of 3.3% in the previous fiscal year. The oil sector witnessed a 22% decline in consumption….