The Pakistan Stock Exchange (PSX) surged past 48,000 points on Wednesday. The KSE 100 index initially fell by 167.45 points but later rebounded, reaching a peak of 48,334.54. The total number of shares traded on the Pakistan Stock Exchange decreased by 6.3% from the previous session. On Wednesday, the Pakistan Stock Exchange (PSX) surged past … Read more
KARACHI: Pakistan stocks endured selling pressure throughout the trading day on Monday, as the future of the International Monetary Fund’s (IMF) ninth review and programme was again subject to uncertainty after, contrary to the expectations, the IMF’s delegation did not arrive in Pakistan, analysts said. “Meanwhile, Pakistan’s finance minister is expected to meet an IMF … Read more
KARACHI: The Pakistan bourse increased 1.3 per cent during the week ended March 4, 2022, which can largely be attributed to the contribution from the E&P, which gained on account of run up in the crude oil prices, amid the ongoing Russia and Ukraine conflict that has resulted in higher international commodity prices. The Pakistan … Read more
KARACHI: The unconsolidated profit after tax of Pakistan Petroleum Limited (PPL) showed a growth of 24 per cent to Rs14.71 billion translating into the earnings per share (EPS) Rs5.41 during the quarter ended December 31, 2021. The company posted a profit of Rs11.88 billion (EPS: Rs4.37) during the same period last year. During the first … Read more
KARACHI: The low foreign inclusion factor remains a major reason for Pakistan’s MSCI Index to witness no major changes in the negotiations, analysts said. The MSCI has commenced consultations on the potential inclusion of MSCI Pakistan Index to the MSCI Frontier Market (FM) 100 index and MSCI FM 15 per cent Country Capped Index, a … Read more
Mari Petroleum Company Limited (MARI) has announced its result for the second quarter of FY22, where the company posted the profit of Rs7.4 billion, translating into the earnings per share (EPS) of Rs56/share, up 1.9 per cent on a yearly basis. The result is below the market expectations, mainly due to the share of loss … Read more
KARACHI: The Sui Southern Gas Company (SSGC) participated in the Abu Dhabi International Petroleum Exhibition and Conference, a statement said. ADIPEC is a premier energy sector event held in Abu Dhabi. It is hosted annually by Abu Dhabi National Oil Company (Adnoc). Managing Director of the SSGC, Imran Maniar said that finding new suppliers, probing … Read more
KARACHI: The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs … Read more
The Sui Northern Gas Pipelines Limited (SNGPL) allocated Rs 38 million for the support of governmental efforts to curb spread of coronavirus. SNGPL Board directed the company to deposit Rs 19 million in the Prime Minister’s Relief Fund SNGPL committed Rs 19 million to National Disaster Management Authority (NDMA) for the procurement of medical supplies … Read more
