Karachi, April 28, 2023 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the limit of ta…
Karachi, April 28, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of BBB/A-2 (Triple B/A-Two) to JK Sugar Mills (Pvt.) Limited (JKSML). Medium to long-term rating of ‘BBB’ signifies adequate credit quality; pr…
Karachi, April 28, 2023 (PPI-OT):Embodying the true spirit of Ramadan and Eid, foodpanda has completed its ‘double tips, double love’ campaign to show appreciation for delivery partners who are consistently working hard to deliver food and groceries ac…
Karachi, April 28, 2023 (PPI-OT): KSE100 closes on a positive note, up 1.4% WoWMarket sentiments improved during the week as Finance Minister assured that all prior conditions of the IMF including financial guarantees from Saudi Arabia and UAE had been…
Karachi, April 28, 2023 (PPI-OT): Commercial Banks – United Bank LimitedEarnings: United Bank Limited (UBL) announced its financial result for the first quarter of the year 2023. As per the financial result, the Bank reported earnings of PKR 13.9bn (PK…
Karachi, April 28, 2023 (PPI-OT): Weekly ReviewIn a week mired with political uncertainty, US has asked Pakistan to move ahead on stalled reforms by the IMF while, also promising technical help in worst economic times. Furthermore, IMF is awaiting clar…
Karachi, April 28, 2023 (PPI-OT): UBL: Mammoth payout surprises in 1QCY23United Bank Limited (UBL) announced its 1QCY23 financial performance earlier today, wherein the bank posted NPAT of PkR14.5bn (EPS: PkR11.6) for the quarter, higher by 9%QoQ and 5…
Karachi, April 28, 2023 (PPI-OT): Apr’23 CPI – Inflationary pressures yet to recedeHeadline inflation in the country is expected to clock in at ~36.5%YoY in the month of Apr’23, compared to 35.4%YoY in the previous month, taking the FY23TD average to ~…
Karachi, April 28, 2023 (PPI-OT): KSE-100 – Bullish session above 200-SMAThe index opened on a positive note and remained bullish throughout the last trading session. The local bourse posted an intraday high of 425pts and concluded with a gain of 364pt…
Karachi, April 28, 2023 (PPI-OT): KSE-100 closed above the 200-DMA; ‘Positive’Bulls continued to dominate the session as KSE-100 gained 364 points DoD to close at 41,464. Volumes stood at 169mn shares versus 187mn shares traded previously. The index ha…
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