Business
Market traded in a narrow band during first session
Karachi, August 30, 2019: Market traded in a narrow band of +/-150 points during the first session, and closed the session at -86 points. Bearish pressure carried on in E&P sector from yesterday and saw appointment of financial advisor by Privatization Commission for OGDC and PPL. Besides, Fertilizer Sector that came out as winner due…
Govt well aware of business community issue to solve priority basis: Arif Alvi
Make 5 year complete policy with consultation with FBR and business community – Shahid Vaseem, Chairman PCDMA. Karachi, August 30, 2019: President Dr. Arif Alvi has given assurance to solve the problem of business community on priority basis and said that the government is implementing the slogan of ease doing business. President Arif Alvi has…
Pakistan Fertilizer companies profits up 48 pc YoY during 2Q2019
Karachi, August 29, 2019: Pakistan Fertilizer Sector posted cumulative growth of 48 percent YoY in their earnings during 2Q2019 due to increase in gross profit margin by 2 percent YoY, lower selling & distribution cost by 13 percent YoY, and increase in other operating income by 31 percent YoY. Topline in a report revealed that urea…
Pakistan Stock lost 479 points on Thursday
Karachi, August 29, 2019: Pakistan Stock Exchange (PSX) witnessed negative sentiments on Thursday and index lost 479 points. According to Arif Habib Research quite an eventful day it was, from divestment of GOP’s stakes in OGDC and PPL to resolution of GIDC issue for Fertilizer Sector and HASCOL’s result announcement. Re-iteration of GOP’s intent to…
Meezan Bank announces excellent results for the Half Year ended June 30, 2019
Karachi, August 29, 2019: The Board of Directors of Meezan Bank Limited in its meeting, held at Karachi on August 28, 2019 approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the half year ended June 30, 2019. The meeting was presided by Riyadh S.A. A. Edrees – Chairman…