Karachi, August 9, 2019: Pakistan Stock Market continued trimming down on the last trading day of the week, with selling pressure in Banks, E&P and Cement sector stocks. Coming MSCI review had Investors concern about selling activity from Foreigners, which caused this selling pressure in blue chip stocks in Banks, E&P and Cement sectors. Mid…
Karachi, August 8, 2019: Engro Fertilizer (EFERT) posted earnings of Rs3.2 billion (EPS Rs2.38) down 2.5 percent YoY mainly on the back of higher other operating expenses and finance cost. On a cumulative basis during 1HCY19 earning remained flat at Rs7.18 billion (EPS: Rs5.38). According to Topline, consolidated gross margins of the company increased by…
Karachi, August 7, 2019: Pakistan Stock Exchange was remained negative on Wednesday. Index closed at day’s low at -771 points (unadjusted), which was caused by a host of factors including weak economy, confrontation between Pakistan & India on Kashmir issue and poor results. Redemption at mutual funds kept the flow of selling across the board….
Karachi, August 6, 2019: Pakistan Stock market on Tuesday initially went down by 147 points and reverted the loss by +300 points to post gain of 149 points. However, the session ended in bearish territory at -183 points (unadjusted). Carrying the trend from yesterday, HUBC kept falling that reflected the pressure on Index amongst other…
Karachi, August 5, 2019: Market lost 687 points in total and closed 486 points from Friday’s closing. Declining cement dispatches, Concerns raised by O&GMCs on RLNG intake and India’s amendment in its Parliament relating to Kashmir caused a major blow to Investor sentiment. Resultantly, Banks, Power, Steel, Cement, E&P, etc traded in red and contributed…