Web Desk
Karachi, February 03, 2023 (PPI-OT): KSE-100 closed above the 50-DMA; ‘Positive’ KSE-100 index closed the session at 40,734, gaining 114 points DoD. However, volumes stood low at 124mn shares as compared to 131mn shares traded previously. The index closed above the 50-DMA that will now restrict downside at 40,612 where a fall below that will…
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Karachi, February 03, 2023 (PPI-OT): Fertilizers: Jan-2023E Urea sales to report 3% YoY growth As per provisional data, Urea sales in Jan-2023 are expected to clock in at 617k tons, up 3% YoY. Similarly, DAP offtake for Jan-2023 is expected to clock in at ~99k tons vs. 113k tons in SPLY depicting a decline of…
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Karachi, February 03, 2023 (PPI-OT): KSE-100 gain 114 points yesterday, to close at 40,734 with 123Mn shares being traded. Top performance as per price change was witnessed in FHAM, LUCK and ENGRO. Top decliners HGFA, PSEL and SCBPL. Activity was mainly concentrated in Technology, E and Ps and Chemical.
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Islamabad, February 03, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said Pakistan to face default risk for five years as the government is not serious about reducing expenses, increasing investment, and booting exports. Even if Pakistan is saved from bankruptcy due to the IMF this year, its condition will worsen again next year, it…
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Karachi, February 03, 2023 (PPI-OT): Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the dysfunctional energy sector has contributed to the devastation of the country’s economy. 4000 megawatts of electricity are wasted annually in line losses…
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Islamabad, February 03, 2023 (PPI-OT):Faad Waheed, Acting President, Islamabad Chamber of Commerce and Industry (ICCI) said that Pakistan and Syria are two brotherly Islamic countries and they can complement each other’s economy in many fields, therefore, they should focus on promoting trade and economic ties to achieve mutually beneficial outcomes. He said that the bilateral…
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Islamabad, February 03, 2023 (PPI-OT):Pakistan’s leading digital and telecommunication company, Zong 4G has once again proven to be one of the leading Network Provider for International Roaming services through its IR Bundle at the most competitive rates in the industry. Subscribers can now stay in touch with their loved ones as well as conduct their…
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