RIYADH: Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased by 3.3 per cent in the first half of 2021, compared to the end of 2020, Arab News reported. The GCC countries’ total bank deposits reached $1.6 trillion, according to a report released by the GCC … Read more
KARACHI: The Pakistan stock market regained its lost momentum supported by technology and banking stocks, amid higher interest seen in the book building of Octopus Digital and attractive valuation in the banking sector, dealers said. An analyst at Pearl Securities said technology and banking sectors cumulatively added 100 points in the index. “Meanwhile, the yields … Read more
KARACHI: Foreign investors operating in Pakistan have contributed Rs1.4 trillion as tax revenue to the national exchequer during 2020/21, a statement said on Monday. Irfan Siddiqui, president of the Overseas Investors Chamber of Commerce and Industry (OICCI), representative of the foreign companies operating in Pakistan, said: “We are proud that in the past 12 months, … Read more
The State Bank of Pakistan (SBP) has released a review of the performance of the banking sector for the first half of 2020 on Wednesday. The review comprehensively covers the performance and health of the banking sector for the period January-June 2020 (first half of 2020), while the coronavirus outbreak resulted in a modest 7.8% … Read more
Pakistan’s stocks have recovered all the losses caused by the COVID-19 pandemic, according to Bloomberg’s data Pakistan’s benchmark index, KSE-100 has performed the 2nd best internationally in the last month. According to the details, it has gained 47% since reaching the lowest this year on March 25. [embedpost id=”50366″ slug=”psx-update-today-stock-shows-a-bullish-trend”] The Arif Habib Ltd’s report … Read more
