Business
Shell Pakistan posts a profit in Q3 2019
Karachi, October 22, 2019: The Board of Directors of Shell Pakistan Limited announced the third quarter results for the company on 22nd October. The company posted a profit after tax of PKR 570 million for the quarter ended September 30, 2019 compared to the profit of PKR 334 million made in the same period last…
KSE decreases 606pts during this week
Karachi, October 19, 2019: During the week, the KSE-100 index decreased by 606 points (1.76 percent WoW) and closed at 33,870 points index level. The declining trend in market was owing to Political instability in the country as opposition March call is gaining momentum as they are going to organize in the last week of…
Bank Afalah profit grows to Rs 9.2bln in 3Q FY20
Abu Dhabi, October 18, 2019: The Board of Directors of Bank Alfalah Limited in its meeting held on October 18, 2019, in Abu Dhabi, approved the Bank’s unaudited interim financial statements for the period ended September 30, 2019. The Bank’s pre-tax profits grew by 16 percent from a year ago, amidst challenging operating environment. The…
Pakistan Stock exchange closed negative on Friday
Karachi, October 18, 2019: Pakistan equities closed Friday on a negative note with benchmark KSE100 Index shedding just 28 points, closing at 33,870 levels, down 0.1 percent. Pakistan has until February to improve its counter-terror financing operations in line with an internationally agreed action plan or face actions against it. Moreover, Jamiat Ulema-i-Islam Chief Maulana…
Pakistan Stock Exchange closes on a positive note
Karachi, October 17, 2019: Pakistan equities closed Wednesday on a positive note with benchmark KSE100 Index gaining 198 points, closing at 34,281 levels, up 0.6 percent. Mixed sentiment was seen in E&Ps where POL (-1.0 percent) closed in the red, and OGDC (+1.5 percent) and PPL (+2.4 percent) closed in the green zone. In Financials,…