Karachi, August 19, 2019: Pakistan auto sales have witnessed the significant decline of 29 percent YoY for July -19 which is mainly attributable to, continuous trend of hike in auto prices in the range of (9-40 percent) in last 12 months and FED implied in the budget for FY20 & increase in fuel cost. The…
Karachi, August 16, 2019: Pakistan Stock Exchange continued trending down even after a break of a week. A host of negative news flow on economic front as well as on the border kept Investors’ nerves jittery. Mutual Funds have lately been the dominant seller, for reasons of redemption, in E&P, Power and Banking sectors. Other…
Karachi, August 9, 2019: Pakistan Stock Market continued trimming down on the last trading day of the week, with selling pressure in Banks, E&P and Cement sector stocks. Coming MSCI review had Investors concern about selling activity from Foreigners, which caused this selling pressure in blue chip stocks in Banks, E&P and Cement sectors. Mid…
Karachi, August 8, 2019: Engro Fertilizer (EFERT) posted earnings of Rs3.2 billion (EPS Rs2.38) down 2.5 percent YoY mainly on the back of higher other operating expenses and finance cost. On a cumulative basis during 1HCY19 earning remained flat at Rs7.18 billion (EPS: Rs5.38). According to Topline, consolidated gross margins of the company increased by…
Karachi, August 6, 2019: Pakistan Stock market on Tuesday initially went down by 147 points and reverted the loss by +300 points to post gain of 149 points. However, the session ended in bearish territory at -183 points (unadjusted). Carrying the trend from yesterday, HUBC kept falling that reflected the pressure on Index amongst other…