Karachi, August 25, 2020: Market opened on a positive note today and carried the momentum by adding a total of 538 points and closing the session +490 points (unadjusted). Banking sector stocks advanced today and were supported by a rebound in prices of E&P, OMCs, Refinery, Chemicals, Steel sectors. Expectation of rebound in Economy and…
Karachi, August 12, 2020: Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association said the Lockdown emerged from the global COVID-19 pandemic, it is continuing to devastate communities and jobs, challenge businesses that struggle to survive, and strain fiscal space of governments working to protect both lives and livelihoods. Global trade is heavily impacted as governments…
Karachi, August 11, 2020: Pakistan has registered record enhancement in export of fruits & vegetables despite coronavirus global pandemic. The Financial year 2019-20 has witnessed an overall increase in export of fruits & vegetables by 12.5 percent amounting to USD 730 million which is an ever highest revenue in terms of foreign exchange generation. During…
Karachi, August 05, 2020: Market opened on a positive note with +73 points and carried the momentum on the back of Banking sector, however, selling activity brought the Index down by 152 points erasing the gains posted earlier in the session. Market bounced back on the report of increase in cement price / bag, which…
KARACHI, July 13, 2020: Workers’ remittances rose by a significant 50.7 percent during June 2020 to reach record high USD 2.466 billion compared with USD 1.636 billion in June 2019. Similarly, on a cumulative basis, workers’ remittances increased to a historic high level of USD 23,120.7 million during FY20, witnessing a growth of 6.4% over…