Karachi, January 16, 2020: Market maintained the range bound activity, witnessed for the past 2 sessions, where the index moves both directions and in the end maintains 43K level. Political uncertainty has so far kept the otherwise bright outlook muddled. Banking sector scrips also held on to price levels, whereas Index heavy weights such as…
Islamabad, January 16, 2020: Reckitt Benckiser (RB), a global leader in consumer health and hygiene, has appointed Kashan Hasan as the new Chief Executive Officer (CEO) for its Pakistan business. Kashan will be spearheading the health business with immediate effect. Kashan has been associated with RB for the last 12 years, serving in various successful leadership…
Karachi, January 15, 2020: Political uncertainty took controls over sentiment today. Allies of PTI are one by one showing disapproval of their policies and hinting a crisis in the making that caused investors to be safe than sorry. Investors kept booking profit at current levels which exerted pressure on oil & gas chain (i.e. OMCs,…
Karachi, January 15, 2020: Urea sales during Dec’19 witnessed a phenomenal jump of 84 percent YoY to 1,307k tons, which is the highest monthly urea offtake historically. On 2019 yearly basis, urea offtake clocked-in at 6.19 million tons. Last year, the government operated two fertilizer plants on RLNG. Post this, there was no shortfall of…
Karachi, January 15, 2020: Pakistan’s First & Largest Asset Management Company National Investment Trust Limited (NITL) has selected World-Check from Refinitiv to support its compliance effectiveness in line with the provisions of the Securities and Exchange Commission of Pakistan’s (SECP) Anti-Money Laundering (AML) and Combating Financing Terrorism Regulatory Framework. Refinitiv’s World-Check Risk Intelligence is used…