Karachi, September 3, 2019: Market opened on a positive note today with +25 points an extended gains till +190 points after which selling activity caused the index to plunge by 318 points. Last half hour of market kept the selling pressure, ending the session with -248 points (unadjusted). OGDC, PPL performed well earlier in the…
Karachi, September 2, 2019: The domestic equity bourse underwent a decline of 2,266 points in Aug’19, translating into a negative return of 7.1 percent and 5.5 percent in USD terms; this is the worst-performing month of CY19 taking CYTD return to -19.9 percent (USD based -29.1 percent). Major reasons behind this subdued performance was heightened…
Karachi, August 30, 2019: Small and medium-sized businesses (SMBs) play an undeniable role in Pakistan’s economic growth. Often starting as family businesses or partnerships with friends, they have grown to be flexible and dynamic business models taking technological innovations in stride with their own expansions. Research has shown that in emerging economies, SMBs’ contribution to…
Karachi, August 29, 2019: In a much awaited development, the Govt. has issued ordinance of Gas Infrastructure Development Cess (GIDC), wherein the Govt. has waived 50 percent of outstanding amount for fertilizer sector, captive power plants, KESC/GENCOs, and IPPs sector. History of GIDC can be traced back to 2011 when the Govt. imposed additional Cess…
Karachi, August 24, 2019: The KSE100 Index at Pakistan Stock Exchange sharply bounced back during the last week with a positive weekly return after a long six-week bloodbath. Participation in the index also increased with volumes witnessing a drastic surge compared to recent trends. The index closed at 31,350 points, rising 2585 points WoW (9…