Karachi, October 16, 2020: KSE 100 index depicted erratic behavior today, where it traded between an intraday high of 152 points and intraday low of -326 points, to finally close at 40,164 (up by 0.24 percent). Major contribution to the index came from HBL, MEBL, UNITY, FFBL and DGKC, where they cumulatively contributed 158 points…
Findings of “The CFO of the Future” report show that the global pandemic is changing the role of the CFO Karachi, October 02, 2020: A report by ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) finds the COVID-19 pandemic is accelerating the shifting of the CFO role. The CFO of…
Karachi, October 02, 2020: To enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another important step by issuing guidelines for Development Finance Institutions (DFIs) to undertake Shariah compliant businesses and operations. Further, keeping in view the various developments, such as changes in the licensing and…
Karachi, October 02, 2020: Market saw continuation of selling pressure for a host of reasons from political uncertainty to spread of Corona cases (with the latest affectee being President Trump himself). The index lost a total of 771 points during the session and closed the session -606 points. International crude oil prices dropped significantly, especially…
Karachi, October 01, 2020: Today the benchmark KSE-100 index made a high and a low of +164 & -458 points respectively before closing at 40,677 levels, up 0.26 percent. Market remained lackluster in the early hours of the trading session but valued buying was seen at the bottom which pushed the market in the positive…