Business
PSX trades in narrow range
Karachi, August 1, 2019: Pakistan Stock Exchange on Thursday traded in a narrow range with an oscillation between -158 points and +122 points, and ended the session at -99 points. O&GMCs, Cement and Chemicals traded in red most of the session, whereas Steel continued moving upward, carrying the trend from yesterday. Large cap Banks and…
Govt increases petrol price by Rs5.15 per litre
Islamabad, August 1, 2019: The federal government increased the price of petrol by Rs5.15 per litre and Rs5.56 for High-Speed Diesel (HSD). Similarly, the price of Kerosene was increased by Rs5.38 and Rs8.9 for Light Diesel Oil (LDO). Sources said that the government has approved all the recommendation of the Oil and Gas Regulatory Authority…
KSE-100 negative return for consecutive sixth months
Karachi, August 1, 2019: The domestic equity bourse underwent a decline of 1,963 points in Jul’19, translating into a negative return of 5.8 percent MoM and 5.5 percent in USD terms; this is the worst performing month since Dec’18 whereby the market dipped by -8.5 percent MoM. According to Arif Habib research, this took the…
Pakistan Stock Exchange rebounds
Karachi, July 31, 2019: Pakistan Stock Exchange (PSX) rebounded finally on the last day of July. Positivity was seen across the board and was led by activity in cement and steel sectors. Among Autos, HCAR and GHNI, and Steel, ISL, hit upper circuits. E&P Sector saw positivity since start of the session on the back of…
Designing the finance function of the future needs strong management to lead change
Karachi, July 31, 2019: Insights on what will shape the future of the finance function are laid out in a new report from ACCA (the Association of Chartered Certified Accountants) and PwC called Finance: a journey to the future? The report summarises the responses of over 1,100 members and PwC contacts worldwide plus the views…