Karachi, April 28, 2020: Market saw rebound of cement sector as the concerns over cement price / bag dissipated. Upcoming data release on inflation and possible rate cut helped investors take a positive view on equities. International crude oil prices edged lower, with WTI slipping below US$ 11/bbl that kept pressure on E&P stocks. PSO,…
In an hour more than 2,000 workers will be using chlorine spray to protect themselves from the deadly Corona. Karachi, April 21, 2020: Iftekhar Ahmed & Co., having realized their social responsibility, has installed a sanitary gating spray to prevent the spread of the Corona virus in the country’s largest Karachi fruit & vegetable market….
Karachi, April 21, 2020: Market opened -478 points today and continued the descent throughout the session, which extended to -1199 points by the end of session. The benchmark index closed -1078 points. Concerns raised by IMF over G20 debt relief, announced last week by the Government, as well as hinting higher than expected inflation with…
Karachi, April 20, 2020: Market continued the ascend on Monday after posting the historical gains on Friday, when the market witnessed halt due to 5 percent cap on index. Market went up by 1026 points during the session and saw profit booking earlier in the session that brought the gains below +300 points. Cement sector…
Karachi, April 15, 2020: Market opened on a positive note today with +165 points, which was primarily the reaction to partial opening of various industries and sectors decided by the Federal and Provincial Governments. The index surged by 572 points, barring E&P and O&GMCs, during the session despite downward trend in international crude prices. As…