KARACHI: The Pakistan bourse witnessed a bloodbath session on Friday due to the political unrest and rupee depreciation against the dollar. The market witnessed dull activity in the first session while across the board selling was observed in the second session due to the last working day of the week, an analyst at Arif Habib … Read more
KARACHI: The KSE-100 Index lost 404 points to close at 45,676 level during the outgoing week ended February 18, 2022. Going forward, analysts expect the market to remain under pressure after the National Assembly passed the Ogra Amendment bills to bring entire liquefied natural gas (LNG) and re-gasified liquefied natural gas (RLNG) licensing and pricing … Read more
KARACHI: Pakistan car sales, including the sales of non-Pama members declined 25 per cent on a month-on-month basis to clock-in at 24,000 units in January 2022. Analysts at Topline Securities said that the decline in the sales is due to the high base and pre-buying in the anticipation of price increase by the auto-assemblers. Pakistan … Read more
KARACHI: The National Tariff Commission (NTC) has imposed anti-dumping duty in the range of 6.2 per cent to 17.3 per cent on flat steel products for a period of five years to protect the local industry.steel products According to an announcement on Monday, the anti-dumping duty has been imposed on iron or non-alloy steel, rolled … Read more
KARACHI: The bank deposits have surged to a record high of around Rs21 trillion by the end of the calendar year 2021. Previously, the bank deposits reached a historic high of Rs19.83 trillion by September 2021. Experts attributed the massive growth in deposits to a hike in the interest rates by the State Bank of … Read more
Pakistan’s textile exports witnessed an increase of 8 per cent month-on-month to reach a record high of $1.74 billion in November, a report by Topline Securities showed. During the month of November, the value added textile exports recorded a growth of 7 per cent month-on-month as the exports of ready-made garments recorded an increase of … Read more
KARACHI: The Pakistan equity market moved both ways during the day on account of pressure on economic numbers along with the political disturbance, dealers said on Monday. An analyst at Topline Securities said the investors’ interest was low during the day, amid concerns over further hike in the policy rate in the upcoming monetary policy … Read more
KARACHI: Large import bill and a significant decline in the foreign exchange reserves may further destabilise the rupee next week, dealers said. The higher import bill and a decline in the forex reserves have deteriorated the value of the local unit to the historic low of Rs176.77 against the dollar on December 3, 2021. The … Read more
KARACHI: The foreign exchange reserves of the country fell $275 million to $22.499 billion by the week ended November 26, 2021, the central bank reported. The foreign exchange reserves stood at $22.774 billion by the week ended November 19, 2021. The official forex reserves of the State Bank of Pakistan (SBP) fell $244 million to … Read more
KARACHI: Bank deposits have surged 22 per cent to reach the 14-year high of Rs19.80 trillion by the end June 2021, compared with Rs16.23 trillion during the preceding period last year, according to a report released by the Topline Securities, on Tuesday. The deposits growth has been fuelled by higher remittances (+27 per cent YoY … Read more
