Karachi, March 02, 2021: The Pakistani banks earnings increased by 33 percent YoY in 2020 or by Rs60 billion to reach Rs238 billion. This was driven by earlier re-pricing of Liabilities compared to Assets amidst declining interest rates coupled with higher than expected deposit growth of 22 percent YoY, resulting in Net Interest Income (NII)…
Karachi, March 02, 2021: The KSE100 index saw some recovery today as it touched a high of +484 points before closing at 45,964 levels (up 0.8 percent). Top volume leaders of the session were TRG (+4.3 percent), ANL (+4.6 percent), ASL (+7.0 percent), BYCO (+1.8 percent), GGL (+2.5 percent) and UNITY (+1.8 percent) cumulatively contributing…
Karachi, March 02, 2021: Total Petroleum and Lubricant sales clocked-in at 1.40 million tons in Feb’21, depicting a double digit growth of 26 percent YoY while down by 8 percent MoM due to fewer working days in February compared to January. The growth in sales volumes is primarily attributable to i) resilience displayed by the…
Beijing, December 30, 2019: With the construction of the China-Pakistan Economic Corridor (CPEC) and Pakistan’s domestic economic growth, the trade volume surged this year at a major border port between China and Pakistan. Cargo import and export reached 66,600 tonnes in the first 11 months at Khunjerab Pass in northwest China’s Xinjiang Uygur Autonomous Region,…
Karachi, December 20, 2019: Market traded in the range of +399 points and -161 points during the two sessions, closing +178 points. Selling pressure was evident throughout but Oil chain, especially E&P stocks, staged good recovery by the end of session. Higher international oil prices kept investors’ interest alive. Other than oil stocks, yesterday’s detailed…