Karachi, October 01, 2019: Earnings of the KSE-100 index depicted a downturn of 7.4 percent YoY during 4QFY19. Based on sectoral weight, this was led primarily by Cements (-82 percent YoY; 5.4 percent weight), Power Generation & Distribution (-46 percent YoY; 6.5 percent weight), Food & Personal Care Products (-76 percent YoY; 3.2 percent Weight),…
Karachi, October 01, 2019: Pakistan equities closed Tuesday on a positive note with benchmark KSE100 Index gaining 175 points, closing at 32,254 levels, up 0.6 percent. Local bourse remained range bound throughout the session but saw brief positivity in the later hours of the trade. Cements were the major gainer in today’s trade where KOHC…
NOC of SITE LTD and SITE Association should be acceptable for post-fire utilities restoration-President SITE Association Karachi, September 26, 2019: Saleem Parekh, President, SITE Association of Industry, has protested over threatening of industrialists of SITE area by the KMC officials to make payment of lacs of rupees in the name of Municipal Utilities Charges &…
Karachi, September 25, 2019: Pakistan Stock Exchange continued trading in a narrow range between +39pts and -357pts and closed the session -264pts (-0.8 percent). International crude posted losses and the same had negative impact on local oil & gas listed chain from E&P to OMCs. PSO and PPL also had financial results today, which were mostly…
Karachi, September 25, 2019: Foreign capital inflows are expected to increase foreign direct investment should revive as investors’ confidence is restored. Investor’s confidence to revive after government plans to implement IMF program. This should also help bring additional finance from multilateral institutions and other international partners along with the activation of a Saudi oil facility…