Bears were defeated in Friday’s trading session despite of tension in the political environment as market witnessed major recovery. Market opened positive and touched a high of +362 points as institutional participation was witnessed mainly in the blue chip stocks. Market remained positive throughout the day and closed at 37,131 points level. Positive sentiments in […]
E&Ps
Fauji Fertilizer Company announces financial results for first quarter 2019
In a meeting held on April 26, 2019 the Board of Directors of FFC announced results for the first quarter ended March 31, 2019. The company earned aggregate sales revenue of Rs. 20.31 billion while income on deposits stood at a record level of Rs. 921 million. Net profitability was recorded at Rs. 3.7 billion […]
Pakistan stocks remain under selling pressure, shed 319 points
Pakistan equities closed further negative on Tuesday as the benchmark KSE-100 Index shed another 319 points, closing at 38,036 levels, down by 0.8 percent from the previous day’s close. Consumer Price Index (CPI) inflation for March-2019 settled at 9.41 percent year-on-year (YoY), depicting a surge of 120bps from the preceding month on back of surge […]