Karachi, September 3, 2019: Market opened on a positive note today with +25 points an extended gains till +190 points after which selling activity caused the index to plunge by 318 points. Last half hour of market kept the selling pressure, ending the session with -248 points (unadjusted). OGDC, PPL performed well earlier in the…
• Sarfaraz Ahmed and Azhar Ali to lead PCB Chairman’s XI and AJK Prime Minister’s XI, respectively • The festival match is a part of PCB’s aspirations and efforts to take cricket to every nook and corner of the country Lahore, September 3, 2019: The Pakistan Cricket Board (PCB) will organise a festival match in…
Karachi, September 2, 2019: After encountering a technical glitch at start, Pakistan Stock Exchange progressed well during the day, led by across the board buying activity in E&P, Banks, Cement and Steel Sectors. The main reason behind the surge in index can be attributed to resolution a host of measures approved by SECP over the weekend…
Karachi, August 29, 2019: In a much awaited development, the Govt. has issued ordinance of Gas Infrastructure Development Cess (GIDC), wherein the Govt. has waived 50 percent of outstanding amount for fertilizer sector, captive power plants, KESC/GENCOs, and IPPs sector. History of GIDC can be traced back to 2011 when the Govt. imposed additional Cess…
Karachi, August 29, 2019: Pakistan Fertilizer Sector posted cumulative growth of 48 percent YoY in their earnings during 2Q2019 due to increase in gross profit margin by 2 percent YoY, lower selling & distribution cost by 13 percent YoY, and increase in other operating income by 31 percent YoY. Topline in a report revealed that urea…