Karachi, April 28, 2020: Market saw rebound of cement sector as the concerns over cement price / bag dissipated. Upcoming data release on inflation and possible rate cut helped investors take a positive view on equities. International crude oil prices edged lower, with WTI slipping below US$ 11/bbl that kept pressure on E&P stocks. PSO,…
IPO oversubscribed by 1.07x with more than 80% of the applicants subscribed through E-IPO. Karachi, April 28, 2020: The Initial Public Offering (IPO) of BankIslami Ehad Sukuk has been successfully closed. Despite the ongoing COVID–19 pandemic, significant interest was received from both institutional and retail investors with PKR 320.6 million subscriptions received against the IPO…
Karachi, April 28, 2020: As part of the PKR 1 billion Hussain Dawood Pledge, Engro Foundation – the social investment arm of Engro Corporation – has committed to provide PKR 20 million in financial assistance to Shaukat Khanum Memorial Cancer Hospital & Research Centre to expand COVID-19 testing capacity across Southern Punjab and strengthen the…
Karachi, April 28,2020: PTI Senator Shibli Faraz has been appointed the new information minister of the country, federal minister Fawad Chaudhry and state-run Pakistan Television announced on Monday. Meanwhile, retired Lt Gen Asim Saleem Bajwa has been appointed as special assistant to the prime minister (SAPM) for information, a title previously held by Firdous Ashiq…
Karachi, April 28, 2020: The Board of Directors of Bank Alfalah Limited in its meeting held on April 26, 2020, approved the Bank’s unaudited condensed interim financial statements for the quarter ended Mar 31, 2020. The Bank’s pre-tax profit and post-tax profit stood at Rs. 4.757 billion and Rs. 2.821 billion respectively, translating into an…