Web Desk
Karachi, January 03, 2018 (PPI-OT):KSE-100 index gained 776 points yesterday, to close at 41487 with 229mn shares being traded. Top performance as per index points was witnessed in HBL, PPL and UBL; top decliners were TRG, SNGP and NCPL. Activity was mainly concentrated in Cement, Technology and Communication and Commercial Banks.
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Karachi, January 03, 2018 (PPI-OT): Top News The State Bank of Pakistan (SBP) on Tuesday said that Pakistani and Chinese enterprises are free to trade and invest in Chinese Yuan (CNY) instead of US dollar-dominating currency for international trade. https://fp.brecorder.com/2018/01/20180103332317/
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Karachi, January 03, 2018 (PPI-OT):Top News The White House on Tuesday said it wanted to see Pakistan do more to fight terrorism and that it would likely announce actions to pressurise Islamabad within days. https://www.thenews.com.pk/print/263848-us-to-announce-actions-against-pakistan-in-24-48-hours
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Karachi, January 03, 2018 (PPI-OT): Closing Bell – Breather! Pakistan equities took a breather after recent surge and closed Wednesday marginally positive over 41,500 level. Trading activity remained steady at a healthy level with ~149mn shares changing hands on benchmark KSE100 Index. On leaderboard, E and Ps namely Oil and Gas Dev OGDC PA +1.5%,…
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Karachi, January 03, 2018 (PPI-OT): OMCs: Petroleum products sales down 11% YoY in Dec-2017 on lower FO sales As per channel checks, petroleum product sales in Dec-2017 declined by 11.4% YoY to 1,872k tons. Decline in sales was mainly because of plummeting FO sales (down 44.6% YoY to 431k tons). Hascol Petroleum (HASCOL) led the…
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Karachi, January 02, 2018 (PPI-OT): Pakistan E and P Sector – Altering Oil Price Assumption Leading to FY18F Earnings Growth of 37%YoY International Oil Prices surged 39% to USD65/bbl in 2H2017 on the back of OPEC/Non-OPEC’s production cuts. We believe oil prices to likely to stay firm amidst extended production cuts deal in 2018. With…
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Karachi, January 02, 2018 (PPI-OT): Closing Bell – Positive Streak Continues for 9th Straight Session! Pakistan equities stretched the winning streak to ninth straight trading session on Tuesday with benchmark KSE100 index finishing up 1.8% on healthy local activity as volumes of near 140mn shares exchanged hands. Market witnessed dull trading in initial hours as…
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