Karachi, September 2, 2019: After encountering a technical glitch at start, Pakistan Stock Exchange progressed well during the day, led by across the board buying activity in E&P, Banks, Cement and Steel Sectors. The main reason behind the surge in index can be attributed to resolution a host of measures approved by SECP over the weekend…
Karachi, August 27, 2019: Pakistan Stock Market on Tuesday went down by 568 points at a point in time, which was mainly caused by Privatization Commission’s decision to divest Government’s holding in OGDC, PPL and KAPCO. By , news of 10 percent offload in each company was making, which brought significant selling pressure in these scrips,…
Karachi, August 20, 2019: The Pakistan Stock Exchange (PSX) opened on a positive note on Tuesdat with +86pts and went as high as 941 points during the session today. Major contributors to the index have been Banks and E&P Sectors. Index heavy weights, including ENGRO, HBL, UBL, MCB along with Auto sector scrips hit upper…
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…