Pakistan Stock Exchange Limited Market Position on 03-02-2020

Karachi, February 03, 2020 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On February 03, 2020 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi PSX-KMI POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 43 Current 18515.43 40409.38 28315.61 64780.81 15250.67 16921.75 18898.35 Minus 296 Previous 19147.78 41630.93 29067.54 67075.02 15748.06 17724.81 19560.82 Unchanged […]

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AKD Securities Limited Equity Research – Daily Report (03-02-2020)

Karachi, February 03, 2020 (PPI-OT): Pakistan Economy: Inflationary concerns pose key threat to ongoing reforms! Pakistan’s National headline inflation climbed to 9yr high of 14.56%YoY in Jan’20 (vs. 12.63%YoY in Dec’19 and 5.60%YoY in Jan’19), surpassing the consensus expectations of 13.6% by a wide margin. Sequentially, the CPI index jumped 1.98%MoM. The surprise came on […]

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Negative real interest rate is the need of the hour: Chairman, SAI Trade and Taxation committee

Karachi, February 03, 2020 (PPI-OT): SITE Association of Industry understands the philosophy of adhering to the conventional wisdom of maintaining positive real interest rate which is done to restrict money supply thereby curbing demand led inflationary pressures. In a statement, Mr. Saud Mehmood, Chairman, Trade and Taxation committee, said that SAI strongly believes that the […]

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Zameen Expo 2020 Karachi attracts More Than 90,000 Visitors

Lahore, February 03, 2020 (PPI-OT): Pakistan’s largest real estate portal successfully concluded its two-day “Zameen Expo 2020 Karachi” on Sunday. The event, which featured more than 140 builders and developers from across the country, attracted more than 90,000 visitors. On the first day, Federal Minister for Maritime Affairs Ali Zaidi and Zameen.com CEO Zeeshan Ali […]

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JazzCash Launches Movie and Event Tickets

Islamabad, February 03, 2020 (PPI-OT): After the successful launch of bus tickets and food delivery, JazzCash has recently introduced movie and event tickets within the JazzCash app in partnership with EasyTickets – the leading entertainment e-ticketing provider in Pakistan. Users can now log on to their JazzCash app and complete the end-to-end ticketing journey inside […]

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PACRA Downgrades Entity Ratings of H. Sheikh Noor-ud-Din and Sons (Private) Limited

Lahore, February 03, 2020 (PPI-OT): H. Sheikh Noor-ud-Din and Sons (Private) Limited (The Company) is the manufacturing arm of NRS International which is primarily engaged in manufacturing of relief and health items for international donor agencies. In FY19, due to ongoing ownership related changes, the Company did not bid for new contracts with international relief […]

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PACRA Maintains IFS Ratings of Crescent Star Insurance Limited – Rating Watch Re-affirmed

Lahore, February 03, 2020 (PPI-OT): Crescent Star Insurance predominantly has a holding company structure through building its noninsurance strategic book. IFS rating of the company reflects the company’s liabilities towards the policyholders. The company has deployed sizeable funds in Dost Steels Limited (DSL), funded through internal sources and equity injection; herein, management of associated risks […]

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VIS Withdraws Insurer Financial Strength Rating of The Pakistan General Insurance Company Limited

Karachi, February 03, 2020 (PPI-OT): VIS Credit Rating Company Limited (VIS) has withdrawn the Insurer Financial Strength Rating of The Pakistan General Insurance Company Limited (PGI), with immediate effect, on account of non-renewal of rating contract. The previous rating action was announced on January 10, 2018. For more information, contact: Director Compliance and Rating Analytics, […]

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