KARACHI: The Pakistan equity market witnessed a bloodbath session on Tuesday due to intense selling pressure amid renewed uncertainty on the political front besides record rupee depreciation. An analyst at Pearl Securities said that the market witnessed a bloodbath after a sideways opening. “The market witnessed a selling spree across the board over uncertain political … Read more
KARACHI: The Pakistan equity market on Tuesday closed lower amid investors’ concerns over rupee falling to record low and political uncertainty. “The investors’ concerns over the current account deficit and higher import bills owing to surging global crude oil, coal and steel prices played a catalyst role in the bearish close,” Ahsan Mehanti at Arif … Read more
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees has warned that the rupee devaluation is going to have a deep impact on the inflation as it will raise the cost of doing business, a statement said. He said that the rupee depreciation will not only make Pakistani goods uncompetitive in the export … Read more
KARACHI: The MCB Bank net profit showed a growth of 6 per cent to Rs31.1 billion for the year 2021, compared with the earnings of Rs29.56 in the preceding year, a bourse filing said. Analysts at Arif Habib Limited said that the earnings increased on a year-on-year basis on the back of reversals in provisioning … Read more
