Karachi, August 17, 2021 (PPI-OT): KSE-100; Bears are gaining momentum The KSE-100 index extended the decline to close at 46,913, down 257 points. Volumes stood at 252mn shares versus 213mn shares traded previously. The index has dropped below its critical support level indicating a bearish trend ahead. The downside target has been established at 45,674, […]
Day: August 17, 2021
JS Securities Limited – JS Research (17-08-2021)
Karachi, August 17, 2021 (PPI-OT): LSM growth jumps by 14.85% YoY in FY21 Large-scale manufacturing (LSM) grew by 18.42% during Jun-21 taking FY21 LSM growth to 14.85% YoY. This remarkable rise in LSM during the fiscal year was expected, as mentioned in our previous reports, given slowed industrial activity during FY20 amid strict lockdowns during […]
AKD Securities Limited Equity Research – Daily Report (17-08-2021)
Karachi, August 17, 2021 (PPI-OT): ASTL: Riding the construction boom ASTL held its analyst briefing on Friday to apprise investors about company’s financial performance and future outlook. To recall, company posted PAT of PkR1.37bn (EPS: PkR4.61) in FY21 vs. net loss of PkR1.24bn in the same period last year. The phenomenal growth in FY21 came […]
AKD Securities Limited Equity Research – Pakistan Alpha (17-08-2021)
Karachi, August 17, 2021 (PPI-OT): AVN: Energizing to grow further! Avanceon is set to continue is growth trajectory where i) backlog of USD53mn of orders as of Dec’20, ii) upcoming contracts in overseas markets in the wake of increased infrastructure spending, and iii) initial public offering of Octopus Digital are expected to be main drivers. […]
NTDC to build a secure, sustainable energy future for Pakistan with China Machinery Engineering Corporation and Hitachi ABB Power Grids
Lahore, August 17, 2021 (PPI-OT):Pakistan’s largest transmission company, National Transmission and Despatch Company Limited (NTDC), has awarded a consortium that includes China Machinery Engineering Corporation (CMEC) and Hitachi ABB Power Grids1 a project to deliver an all-new Load Dispatch System (LDS) to support the country’s sustainable energy goals. The LDS system will help to improve […]
President Sialkot Chamber said that the SAAF scheme would be a revolutionary measure taken by the State Bank of Pakistan
Sialkot, August 17, 2021 (PPI-OT):Mr. Qaisar Iqbal Baryar – President Sialkot Chamber,in a statement given to press, appreciated the initiative of SME Asaan Finance scheme (SAAF) for lending to SMEs without collateral through its IH and amp;SMEFD Circular No. 09 of 2021 dated August 16, 2021. He said that the SAAF scheme would be a […]
Pakistan history’s largest Azadi Cup 21 Chess Tournament ends in Islamabad
Islamabad, August 17, 2021 (PPI-OT):Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce (ICCI) called for promoting games in youth, which will help develop their minds and sharpen their intellectual and mental skills enabling them to excel in education and play a more effective role in the economic development of the country. He said this […]
Scheme Introduced For SMEs To Get Loans Without Collateral
Karachi, August 17, 2021 (PPI-OT):The State Bank of Pakistan (SBP) on Monday introduced a financing scheme for Small and Medium Enterprises (SMEs), enabling them to get loans without collateral. The SBP said the scheme had been launched to improve the SMEs’ access to finances in collaboration with the government aimed at enabling the businesses that […]
Vivo Tops China Smartphone Market, Remains Top 5 Globally in Q2 2021: IDC
Karachi, August 17, 2021 (PPI-OT):Vivo ranked first in China’s smartphone market with a market share of 23.5 percent in the second quarter of 2021, according to the IDC Worldwide Quarterly Mobile Phone Tracker. With a year-over-year growth rate of 23.6 percent, vivo earned the top spot as its product portfolios supported its position across all […]
Pakistan Stock Exchange Limited Market Position on 17-08-2021
Karachi, August 17, 2021 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On AUG-17-2021 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi PSX-KMI POSITION INDICES IND EX INDEX INDEX INDEX INDEX INDEX INDEX Plus 332 Current 18932.28 47258.45 32235.13 76411.61 13026.33 12047.33 23082.09 Minus 110 Previous 18782.17 46912.79 32052.33 75582.12 12995.13 12034.70 22947.20 Unchanged 19 […]