Karachi, September 5, 2019: Pakistan Stock Exchange Thursday closed lower and index declined by 30 points. Analysts said that what started as a sign of recovery turned out to be a short lived spike. DGKC and MLCF that started the day on a positive note and saw upper circuit (DGKC) and close to upper circuit…
Karachi, September 4, 2019: The Governing Council of Pakistan Bureau of Statistics (PBS) has approved rebasing mechanism to reflect rural consumption which was earlier being ignored. As per old methodology, prices of 487 products were collected from 76 markets of 40 cities. Each product has a weight which is multiplied with change in prices to…
Karachi, August 27, 2019: Packages Limited (PKGS) announced 2Q2019 consolidated loss of Rs413 million (LPS Rs4.9/share vs. EPS of Rs8.19 in 2Q018). The result came in below our expectations mainly on the back of higher operating expenses, loss on investment under equity method and high effective taxation. Operating cost of the company was up by…
Karachi, August 23, 2019: Pakistan equities closed Friday negative after a brief rally with benchmark KSE100 Index shedding 534 points, closing at 31,350 levels, down 1.7 percent. The local bourse came under pressure after the international media suggested that FATF’s Asia-Pacific Group has put Pakistan on blacklist due to many shortcomings in Pakistan’s efforts in…
Karachi, July 30, 2019: Pakistan Stock Exchange was remained negative on Tuesday due to selling pressure. Market traded mostly in negative zone with a total loss of 248 points, which narrowed by the end of session close to -76 points and closing at 31,658 points. E&P, Refinery with the exception of O&GMCs contributed to selling…