Business
Weak Macros continue to drag Index; down by -1.1pc
Karachi, July 27, 2019: During the outgoing week, the benchmark index lost 356 points down by 1.1 percent WoW to close at 32,103 points. The index started on a positive trajectory during this trading week as first 2 sessions cumulatively added 257 points to the index. Recovery in the first half of the week was…
Fauji Fertilizer Bin Qasim post loss 44pc YoY in 2Q2019
Karachi, July 26, 2019: Fauji Fertilizer Bin Qasim (FFBL) posted a loss of Rs0.55 per share on consolidated basis due to decline in GP margins by 2 points YoY to 16 percent and increase in finance cost by 98 percent YoY to Rs2.3 billion for 2Q2019. The Food business of the company (Fauji Foods) posted…
KSE100 index of PSX increased slightly on Thursday
Karachi, July 25, 2019: Market traded in a narrow range and saw an oscillation of +101 points and -251 points. Early part of the session saw the bearish trend, with selling pressure in Cement, Banks, and Fertilizer stocks. Sectors contributing positively to the index included E&P and Autos. Among the banking sector scrips, HBL performed…
Sentiments negative at PSX
Karachi, July 24, 2019: Sentiments at Pakistan Stock Exchange were remained negative on Wednesday. Although market opened +10 points and went up by 49 points during the session. The index bore heavy selling pressure with a slide of 365 points by the end of the session. E&P, Fertilizer, Autos, Cement and Banking sectors bled throughout…
Telenor microfinance bank appoints Mohammad Mudassar Aqil as CEO
Karachi, July 24, 2019: The Board of Directors of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank’s new CEO. He will officially join the bank on 1st November, 2019, subject to all regulatory approvals. Mudassar has been actively involved in the banking and microfinance industry. He has served as Chief Executive Officer…