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Day: July 9, 2021
JS Securities Limited – JS Research (09-07-2021)
Karachi, July 09, 2021 (PPI-OT): STPL: A solid plan but slower progression Current demand of tin plate in the country is ~80-90k mt/annum. STPL imports Tin Mill Black Plate (TMBP) in coil form with specifications 0.15 to 0.32 mm thickness for premium grade products and procures locally (through Aisha Steel) to cater to the secondary […]
JS Securities Limited – JS Market Wrap (09-07-2021)
Karachi, July 09, 2021 (PPI-OT): View from the desk The bourse remained under pressure throughout the day due to lack of positive triggers and concerns over the start of the 4th wave of COVID-19. Investors preferred to book profits across the board after yesterday’s gains. As a result, the benchmark KSE 100 closed at 47,563 […]
JS Securities Limited – Weekly Review (09-07-2021)
Karachi, July 09, 2021 (PPI-OT): KSE100 closes the week flat yet again The KSE100 closed the week flat at 47,563 level, shedding just 123 points over last Friday’s closing. Overall activity on the bourse remained damp during the week as average traded volumes declined by 22% WoW to 486mn shares per day. On the news […]
AKD Securities Limited – Stock Smart (09-07-2021)
Karachi, July 09, 2021 (PPI-OT): Weekly Review Weak sentiment from last week coupled with geopolitical tensions in the region and uncertainty over talks with IMF continued to derail investor confidence during the week apart from Thursday’s session which saw massive buying from Mutual Funds in tune of US$12.7mn, helping the benchmark index to break the […]
NTDC Sets up camp office at Nowshera HVDC Convertor Station under CASA-1000 Power project, construction work is being completed on fast track
Lahore, July 09, 2021 (PPI-OT):NTDC Headquarter WAPDA House Lahore, 09 July 2021- In pursuits of early completion of the project, the National Transmission and Despatch Company Limited (NTDC) has set up its Chief Engineer camp office at ±500 kV HVDC Converter Station site in Nowshera along with Grounding Electrode for CASA-1000 Power Project near Azakhel […]
IMC Vaccinates Workforce Against COVID-19
Karachi, July 09, 2021 (PPI-OT):Indus Motor Company (IMC) in collaboration with the Government has initiated the COVID-19 Vaccination Drive for its workforce of 4,000 regular and contract employees. The vaccination process was completed over a period of four days. The Company’s Chief Executive, Ali Jamali shared that: “The Coronavirus pandemic has completely changed the country’s […]
Bestway Foundation receives a CSR Award 2020 from Shaukat Khanum Memorial Cancer Hospital and Research Centre
Islamabad, July 09, 2021 (PPI-OT):Shaukat Khanum Memorial Cancer Hospital and Research Centre– SKMCHRC presented a CSR award to Bestway Foundation in recognition of its contribution and support to the Hospital during the year 2020. The award was presented to the Trustee Bestway Foundation and Managing Director Bestway Cement, Mr. M. Irfan A. Sheikh by SKMCHRC […]
Systems Limited opens doors to a new approach to design
Karachi, July 09, 2021 (PPI-OT):Systems Limited has reimagined its creative workplace as Studio 77. With the ever-evolving businesses needs and technology, there is a prevalent need for creative spaces where employees can get away from the traditional office settings and monotonous routines to enable human-centric experiences for customers. Embracing this philosophy, Systems Limited has unveiled […]
VIS Credit Rating Company assigns rating to proposed Islamic Commercial Paper of K-Electric Limited
Karachi, July 09, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has assigned preliminary rating of A-1+ (Single A One Plus) to K-Electric Limited’s (KE) proposed Islamic Commercial Paper (ICP-19) issue of up to Rs. 2.5 billion. The ICP-19 will have bullet repayment at maturity and will have a tenor of 6 months. The proceeds of […]