Karachi, December 31, 2019: Market traded in a narrow range throughout the session with index swinging +110 points to -199 points and closing the session at -87 points (unadjusted). Similar to yesterday, market maintained a slow pace with continued selling pressure in Banks and Oil chain. Cement sector also faced selling. Overall, the benchmark index…
Karachi, October 08, 2019: Pakistan urea sales for the month of Sep-2019 is expected to decline by 17 percent YoY to clock in at 401k tons. On monthly basis, industry urea sales is expected to decrease by 36 percent MoM owing to hike in urea prices by Rs 200 per bag in month of September…
Karachi, September 23, 2019: Start of the rollover week saw Market taking negative direction and an overall decline of ~400 points during the session. Although international crude prices were at similar levels as observed at the end of last week, local oil & gas chain showed receding stock prices from E&P to OMCs. Resultantly, OGDC,…
Karachi, September 13, 2019: Overseas Pakistani workers remitted US$ 1,690.9 million in August 2019 as compared with US$ 2039.3 million received during July 2019. This showed a decline of US$ of 348.4 million on a month-on-month basis, reflecting the usual one-off post Eid-ul-Azha effect. On workers’ remittances stood at US$ 3,730.2 million during Jul-Aug FY20…
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…