Day: September 6, 2019

Karachi, September 06, 2019 (PPI-OT): KSE-100; Consolidation expected below the 30-DMA The KSE-100 index, after making a high of 30,744 slid to close at 30,215, down 30 points. Volumes stood at 147mn shares versus 129mn shares traded previously. The index is trading below the 30-DMA that will restrict upside at 30,919. However, a fall below […]

Karachi, September 06, 2019 (PPI-OT): Rupee likely to depreciate in next 6 months: SBP The Pakistani rupee may encounter events of depreciation against the US dollar over the next six-month period. The country, however, remained confident that the actions taken on money laundering and terror-financing would help it in exiting from the Financial Action Task […]

Karachi, September 06, 2019 (PPI-OT): Failing in meeting IMF targets, widening budget deficit IMF to send SOS mission to Pakistan on 16th:In the wake of worsening fiscal front of the economy, the IMF has decided to send its SOS (Save Our Soul) mission to Pakistan this month for suggesting ways and means to curtail the […]

Karachi, September 06, 2019 (PPI-OT): Govt moves for early SC hearing on GIDC please In line with directives of the Prime Minister Office, the attorney general’s office is busy collecting relevant data for moving an urgent application before the Supreme Court for an early hearing of pending petitions relating to the Gas Development Infrastructure Cess […]

Karachi, September 06, 2019 (PPI-OT): Reserves up $9m: The State Bank of Pakistan’s (SBP) total liquid foreign exchange reserves increased to $8.280 billion as of Aug 30, up by $9 million, according to latest data released by the central bank.

Karachi, September 06, 2019 (PPI-OT): KSE-100 index lost 30 points yesterday, to close at 30,215 with 147mn shares being traded. Top performance as per price change was witnessed in COLG, ARPL and MTL top decliners were NESTLE, HASCOL and SML. Activity…