Business
PSX index closed on a positive note
Karachi, January 16, 2020: Market maintained the range bound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43K level. Political uncertainty has so far kept the otherwise bright outlook muddled. Banking sector scrips also held on to price levels, whereas Index heavy weights such as…
PSX index closed on a negative note
Karachi, January 15, 2020: Political uncertainty took controls over sentiment today. Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry. Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs,…
Urea sales posts 84pc surge in Dec 2019
Karachi, January 15, 2020: Urea sales during Dec’19 witnessed a phenomenal jump of 84 percent YoY to 1,307k tons, which is the highest monthly urea offtake historically. On 2019 yearly basis, urea offtake clocked-in at 6.19 million tons. Last year, the government operated two fertilizer plants on RLNG. Post this, there was no shortfall of…
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…