Karachi, March 09, 2021: The KSE 100 index continued its bearish momentum from yesterday to close the day at 44,222 (down 1.84 percent). The selling today can be attributable to the SBP autonomy bill, withdrawal of income tax exemptions and rising bond yields. Investors focus remained on the upcoming monetary policy expected to be announced…
Karachi, February 08, 2021:Market saw selling pressure at the beginning of the week, which was also observed in the last trading session when Index crossed 47K level. Profit booking was observed across the board, especially in Banks, E&P, Cement and Fertilizer sectors that kept any increase in index in check. The Index swayed positively by…
Karachi, February 04, 2021: Despite a positive opening, the KSE100 index closed flat at 46,906 (down 28 points) after a choppy trading session. 440 million shares were traded during the day with highest contribution coming from PRL (1.0 percent), TRG (-3.7 percent), KEL (-2.4 percent), PIBTL (-2.6 percent), HASCOL (-0.4 percent) and HUMNL (-4.0 percent)….
Karachi, October 01, 2020: The Government of Pakistan has notified the achievement of Financial Closing by ThalNova Power Thar Private Limited (TNPTL), an associated company of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited (Hubco) at a ceremony chaired by Mr. Shah Jahan Mirza, Managing Director Private Power & Infrastructure Board (PPIB) in…
A key milestone towards ensuring energy security of Pakistan; Thar coal tariff to become cheaper than imported coal Karachi, January 01, 2020: The Sindh Engro Coal Mining Company (SECMC) has achieved a historic milestone by completing the financial close of Phase II of Mining and Power Projects in Thar Block II. SECMC is a joint venture…