Karachi, April 6, 2020: The Pakistan Stock Exchange (PSX) closed lower on the first trading day of the week. The market opened on a positive note this morning but came under the hammer nose diving 1,118 points to finally close at 30,579 levels, down 3.3 percent. Overall market remained bearish with low volumes and limited…
Karachi, March 20, 2020: SBP has a strategic objective to support exports for sustained improvement in Pakistan’s balance of payments and growth. To this end SBP provides refinance to banks to provide cheap credit at interest rates that vary between 3 to 6 percent to exporters for working capital and new projects under Export Finance…
Karachi, November 22, 2019: Market went into bullish mode again, recovering majority of loss incurred yesterday. During the session, the benchmark index gained 847 points and closed the session +824 points. The first session ended +395 points that gave confidence to investors to take positive bet on SBP policy rate decision, due to be announced…
KARACHI, October 30, 2019: The State Bank of Pakistan (SBP) has incurred net loss of Rs 1.043 billion (consolidated) in the FY 19 as compared to a profit of Rs 175.673 billion in the FY18. According to Annual Performance Review of SBP for the year FY19, the decline is primarily attributed to exchange loss of…
Karachi, October 28, 2019: D.G. Khan Cement Company Limited (DGKC) today announced 1QFY20 results, with loss after tax of Rs1.44bn (LPS: Rs3.26), against profit after tax of Rs418 million (EPS: Rs0.95) in 1QFY19. Net Sales increased by 11 percent YoY, which was due to higher dispatches from Hub plant. Company posted gross loss of Rs538…