Web Desk
Islamabad, January 02, 2023 (PPI-OT): The Rural Development Foundation (RDF) has appointed Dr. Murtaza Mughal as member board of directors. RDF, founded in 1978, is a non-political, not-for-profit organization recognized at the national as well as international levels. Speaking at the occasion, President of the RDF Brig. (retd) Aslam Khan hoped that the new member…
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Lahore, January 02, 2023 (PPI-OT): Under the plan to enhance the transmission capacity of the system, the National Transmission and Despatch Company (NTDC) has successfully augmented/replaced the 2nd 160 MVA Auto Transformer with 250 MVA Auto transformer at 220 kV Vehari Grid Station. The said transformer was energized yesterday. The NTDC spokesman said that with…
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Karachi, January 02, 2023 (PPI-OT): KE will be undertaking a critical maintenance activity at Elander Grid on Saturday, December 31 to ensure the stability and reliability of power supply to consumers residing in these areas. The activity requires a shutdown from 8 AM to 8:00 PM during which areas associated with the grid may experience…
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Karachi, January 02, 2023 (PPI-OT): KSE-100 in CY22: down 9% in PKR; 29% in US$ Worst December in four years Continuing concerns on political clarity, deteriorating macros and elongated talks with the IMF pushed market participants to maintain a sell strategy in Dec-2022. The declining confidence hammered the benchmark KSE-100 Index throughout the month, closing…
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Karachi, January 02, 2023 (PPI-OT): What a mess! CY23 likely to continue from where CY22 dumped: Our CY22 strategy for the PSX was ’61k or Bust’. It went bust, sadly. Our metaphor was Afridi and let’s just say he got bowled on the first ball. Unfortunately, we do not eye much of an improvement (at…
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Karachi, January 02, 2023 (PPI-OT): KSE-100 gain 673 points yesterday, to close at 40,420 with 285Mn shares being traded. Top performance as per price change was witnessed in KEL, PSEL and PPL. Top decliners THAL, BNWM and HGFA. Activity was mainly concentrated in Power, Banks and Technology.
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Karachi, January 02, 2023 (PPI-OT): KSE-100; Indicators are heading up – ‘Positive’ Bulls dominated the session as KSE-100 index closed up by 673 points at 40,420 level. Volumes improved to 285mn shares from 228mn shares traded previously. If the gain continues, the likely target will be in the range of 40,820 to 40,870 levels which…
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