Oil and Gas Development Company Limited (OGDC), the country’s leading upstream energy company, has made a significant oil and gas discovery from its exploratory well Bobi Deep-1, located in Sanghar district of Sindh province. The well successfully tested the Massive Sand interval of the Lower Goru Formation and produced 2,000 barrels of oil per day […]
OGDC
OGDC strikes big with Kohat gas discovery
A major natural gas reserve has been discovered in Kohat, promising to boost Pakistan’s energy security. The discovery by OGDC could help meet rising domestic energy demand. Local industries and households stand to benefit from increased gas supply. The gas reserve was found in the Tol Block through the Billeting-1 well, which will produce 26.5 […]
Circular debt plan: OGDC receives Rs 7.725bn 9th interest payment
Oil and Gas Development Company Limited (OGDCL) said on Wednesday it had received Rs 7.725 billion from Power Holding (Private) Limited (PHL), its ninth consecutive monthly interest payment under the government’s circular debt settlement plan. The OGDCL disclosed in a notice to the Pakistan Stock Exchange today. The total interest amount of Rs92 billion is […]
PSX hits record 142K on OGDC boost
The Pakistan Stock Exchange (PSX) closed at a new all-time high on Monday. The KSE-100 index rose 1,018 points to reach 142,053. Investors showed strong confidence throughout the trading session. This surge reflects positive market sentiment and growing investor optimism. The rally gained strength after Oil and Gas Development Company (OGDC) received a Rs7.7 billion […]
Bloodbath on trade floor, as PSX sheds 816 points
The Pakistan Stock Exchange (PSX) on Monday kicked off on a positive note, hitting the day’s high of +511 point on early excitement of Pakistan reaching a deal with the International Monetary Fund (IMF) on a 39-month Extended Fund Facility (EFF) programme of $6 billion. However this positivity couldn’t last long, as the market came […]
PSX recovers despite political mayhem
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 […]
PSX Index closes at 35-month low as uncertainty persists
Pakistan equities closed Tuesday bearish with benchmark KSE-100 Index shedding 498 points, closing at 36,404 levels, down 1.3 percent. The local bourse witnessed a dull trading session making a low of -766 points. An equity analyst at IIS Securities said KSE-100 index remained under pressure throughout the session Tuesday due to uncertainty over the International […]
PSX starts week on bearish note, sheds 391 points
Pakistan equities closed Monday on a negative note with benchmark KSE-100 Index losing 391 points, closing at 36,902 levels, down 1 percent. The local bourse remained volatile throughout the trading session making a high and a low of +187 & -453 points, respectively. From the Oil Marketing Company (OMC) sector, Sui Northern Gas pipelines Limited […]
PSX lands in red as KSE-Index sheds 629 points
Pakistan equities closed Wednesday on a negative note with benchmark KSE-100 Index shedding 629 points, closing at 36,752 levels, down 1.7 percent. The local bourse made a high and a low of +37 & -690 points, respectively. Market came under pressure on the lack of clarity on the economic front. Moreover, banking sector led the […]
Stocks in Pakistan recover as trade figures improve
The benchmark KSE-100 Index on Thursday gained 208 points or 0.6 percent, to close at 36,788 levels. The local bourse made a high and a low of +331 & -80 points, respectively. Market came under duress due to selling pressure by the local institutions. The KSE-100 remained positive through most of the session as trade […]