PSX turns bullish, gains 484 points

ISLAMABAD, Feb 28 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Wednesday, gaining 484.35 points, a positive change of 0.77 percent, closing at 63,703.45 points against 63,219.10 points the previous trading day. A total of 461,390,885 shares valuing Rs 16.000 billion were traded during the day as compared to… Continue reading PSX turns bullish, gains 484 points

CCP approves three KSA-based mergers with stake in Pakistan’s steel sector

ISLAMABAD, Feb 24 (APP):The Competition Commission of Pakistan (CCP) has granted approval to three mergers concerning Saudi Iron and Steel Company (Hadeed), having a presence in Pakistan’s steel market. The overall transaction comprises of restructuring of two entities divided into three stages of transactions, according to press statement issued by the commission here Saturday. Based… Continue reading CCP approves three KSA-based mergers with stake in Pakistan’s steel sector

PSX stays bullish, gains 901 more points

ISLAMABAD, Feb 23 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 901.48 points, a positive change of 1.46 percent, closing at 62,815.82 points against 61,914.34 points the previous trading day. A total of 377,974,404 shares valuing Rs 16.011 billion were traded during the day as compared to 324,830,445… Continue reading PSX stays bullish, gains 901 more points

Commerce Minister’s Saudi Arabia visit strengthens bilateral ties

ISLAMABAD, Feb 23 (APP):Caretaker Federal Minister for Commerce and Industries, Dr. Gohar Ejaz led a delegation to Saudi Arabia, from 21 to 22 February, with an aim to fortify the already robust bilateral relations between the two countries while fostering new avenues for collaboration and economic growth. According to press statement issued by commerce ministry… Continue reading Commerce Minister’s Saudi Arabia visit strengthens bilateral ties

PSX stays bullish, gains 355 points

ISLAMABAD, Feb 22 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 355.19 points, a positive change of 0.58 percent, closing at 61,914.34 points against 61,559.16 points the previous trading day. A total of 324,830,445 shares valuing Rs 13.966 billion were traded during the day as compared to 362,771,035… Continue reading PSX stays bullish, gains 355 points

Pakistan aims lifting bilateral trade with Saudi Arabia upto $20 bln: Gohar Ejaz

ISLAMABAD, Feb 22 (APP):Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said in Riyadh Thursday that Pakistan wanted to lift bilateral trade with Saudi Arabia upto $20 billion. Addressing the Pakistan-Saudi Business Forum, the minister said that legislation would be enacted to promote… Continue reading Pakistan aims lifting bilateral trade with Saudi Arabia upto $20 bln: Gohar Ejaz

Pakistan, Saudi Arabia agree to enhance bilateral trade

ISLAMABAD, Feb 21 (APP):Pakistan and Saudi Arabia on Wednesday agreed to enhance bilateral trade between the two brotherly countries and improve investments in various sectors including construction, digital economy and infrastructure. The agreement was reached during a meeting of Caretaker Minister for Commerce, Gohar Ejaz with the Saudi Minister for Commerce, Dr. Majid bin Abdullah… Continue reading Pakistan, Saudi Arabia agree to enhance bilateral trade

PSX continues with bullish trend, gains 1,094 points

ISLAMABAD, Feb 21 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 1,094.91 points, a positive change of 1.81 percent, closing at 61,559.16 points against 60,464.24 points the previous trading day. A total of 362,771,035 shares valuing Rs 12.492 billion were traded during the day as compared to… Continue reading PSX continues with bullish trend, gains 1,094 points

FBR collections grow by 30% to Rs.5.1 trillion till mid February

ISLAMABAD, Feb 20 (APP):The Federal Board of Revenue (FBR) collected Rs.5.150 trillion since July 2023 to mid of February 2024 against Rs.3.973 trillion over the same period last fiscal year, showing growth of 30 percent. During the course of this period, tax refunds grew by more than 28 percent, according to press statement issue by… Continue reading FBR collections grow by 30% to Rs.5.1 trillion till mid February

Current Account Deficit declines by 71% to $1.09 bln in 7 months: SBP

ISLAMABAD, Feb 19 (APP):The Current Account Deficit (CAD) has significantly slid down by 71.2 percent to $1.093 billion during the first seven months of the current fiscal year as compared to the deficit of $3.796 billion during the same period of last year, State Bank of Pakistan (SBP reported Monday. “Current account balance (CAB) showed… Continue reading Current Account Deficit declines by 71% to $1.09 bln in 7 months: SBP

PSX witnesses bullish trend, gains 586 points

ISLAMABAD, Feb 19 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 586.79 points, a positive change of 0.98 percent, closing at 60,459.75 points against 59,872.96 points the previous trading day. A total of 261,799,826 shares valuing Rs.9.907 billion were traded during the day as compared to 314,247,768 shares valuing… Continue reading PSX witnesses bullish trend, gains 586 points

Prices of essential kitchen items fall by 0.78 pc

ISLAMABAD, Feb 16 (APP):The prices of essential kitchen items eased as the weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.78 per cent for the combined consumption groups during the week ended on February 15, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the… Continue reading Prices of essential kitchen items fall by 0.78 pc

Large industry grows 3.43 percent in December

ISLAMABAD, Feb 16 (APP):The production of Large Scale Manufacturing Industries (LSMI) increased by 3.43 percent on Year-on-Year (YoY) basis during the month of December 2023 compared to the output of the same month of last year, Pakistan Bureau of Statistics (PBS) reported. On Month-on-Month (MoM) basis, the large industry grew by 15.69 percent in December… Continue reading Large industry grows 3.43 percent in December

PSX continues with bullish trend, gains 926 more points

ISLAMABAD, Feb 14 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 926.92 points, a positive change of 1.51 percent, closing at 62,153.84 points against 61,226.93 points the previous trading day. A total of 303,886,073 shares valuing Rs.14.687 billion were traded during the day as compared to 435,549,576 shares… Continue reading PSX continues with bullish trend, gains 926 more points

PSX turns bullish, gains 161 points

ISLAMABAD, Feb 13 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 161.61 points, a positive change of 0.26 percent, closing at 61,226.93 points against 61,065.32 points the previous trading day. A total of 435,549,576 shares valuing Rs15.972 billion were traded during the day as compared to 349,975,051… Continue reading PSX turns bullish, gains 161 points

Services’ exports earn $3.76 bln for Pakistan in 1st half

ISLAMABAD, Feb 12 (APP):Pakistan earned $3,765.97 million by exporting various services during the first half of the current fiscal year (2023-24), Pakistan Bureau of Statistics (PBS) reported. The export of services during the same period of last year was recorded at $3,870.32 million, showing a decline of 2.70 percent during the first six months of… Continue reading Services’ exports earn $3.76 bln for Pakistan in 1st half

PSX stays bullish, gains 344 more points

ISLAMABAD, Feb 7 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 344.85 points, a positive change of 0.54 per cent, closing at 64,143.87 points against 63,799.02 points the previous trading day. A total of 327,591,633 shares valuing Rs 14.308 billion were traded during the day as compared to… Continue reading PSX stays bullish, gains 344 more points

Exports increase by 7.89 % to $17.7bln in 7 months

ISLAMABAD, Feb 7 (APP):The exports from the country witnessed an increase of 7.89 percent during the first seven months of the current fiscal year (2023-34) compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. According to the latest PBS data, exports from the country increased upto $17.782 billion during July-January… Continue reading Exports increase by 7.89 % to $17.7bln in 7 months

PSX stays bullish, gains 796 more points

ISLAMABAD, Feb 6 (APP):The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 796.10 points, a positive change of 1.26 per cent, closing at 63,799.02 points against 63,002.92 points the previous trading day. A total of 330,921,598 shares valuing Rs 15.195 billion were traded during the day as compared to 263,547,879… Continue reading PSX stays bullish, gains 796 more points

World urged to pay attention towards Kashmiris’ sufferings

ISLAMABAD, Feb 6 (APP):Speakers at a Kashmir Solidarity Symposium underlined the urgent need for global attention and support towards sufferings faced by the people in Indian Illegally Occupied Jammu and Kashmir. The symposium, organize to mark ‘Kashmir Solidarity Day’ was hosted by the Jammu Kashmir Peace & Justice Organization in Muzaffarabad, according to press statement… Continue reading World urged to pay attention towards Kashmiris’ sufferings

Author: Muhammad Ashraf Wani