Karachi, May 11, 2023 (PPI-OT): KSE-100: Sliding towards 50-SMAThe index opened on a negative note and faced a bearish session in the last trading session. The local bourse posted a low of 333pts and concluded with a loss of 299pts to settle at 41,075p…
Day: May 11, 2023
JS Securities Limited – JS Research (11 May 2023)
Karachi, May 11, 2023 (PPI-OT): Seasonal uptick in remittances to provide some reliefAfter reporting a sharp decline between Nov-2022 to Feb-2023, remittances have rebounded in the last two months. Remittances averaged at US$2bn/month during the 4 mont…
AKD Securities Limited – AKD Daily (11 May 2023)
Karachi, May 11, 2023 (PPI-OT): System – Can’t buy Dollars Buy SystemsAfter several organic expansions, Systems Limited now has offices in 16 countries. Clients with a revenue contribution of more than US$100k have increased to 191 vs. 129 in CY21, lea…
JS Securities Limited – Pakistan Market: Technical Outlook (11 May 2023)
Karachi, May 11, 2023 (PPI-OT): KSE-100 dropped below the 200-DMA; cautiousBears continued to dominate the session as KSE-100 index lost 299 points to close at 41,075. Volumes stood low at 99mn shares versus 203mn shares traded previously. The index ha…
Taurus Securities Limited – Market Roundup (11 May 2023)
Karachi, May 11, 2023 (PPI-OT): KSE-100 lost 299 points yesterday, to close at 41,075 with 99Mn shares being traded. Top performance as per price change was witnessed in JVDC, MUREB and SCBPL. Top decliners PSEL, PGLC and POML. Activity was mainly conc…
PCJCCI urged government to revive tourism in Pakistan
Lahore, May 11, 2023 (PPI-OT): There is a dire need to revive the tourism sector of Pakistan which has faced a serious setback due to catastrophic floods last year, stated by Moazzam Ghurki, President Pakistan China Joint Chamber of Commerce and Indust…
PACRA assigns Preliminary rating to Abhi (Private) Limited – PPSTS – PKR 2bln – TBI
Lahore, May 11, 2023 (PPI-OT): Abhi (Pvt.) Limited (the “Company”) has emerged into the country’s fintech space with a financial wellness platform for individuals and companies. Abhi has raised ~$21mln from renowned venture capital funds and the co-fou…
Bank Alfalah Islamic Offers First-Ever Young Islamic Professionals Internships in Islamic Banking Sector
Karachi, May 11, 2023 (PPI-OT): Bank Alfalah Islamic becomes the first bank in the industry to offer internships in partnership with the State Bank of Pakistan (SBP) under their initiative titled “Young Islamic Banking Professionals Program (Y-IBP).”Yo…
PSO Distributes Rations Worth Rs. 100 Million to Deserving People
Karachi, May 11, 2023 (PPI-OT): Living up to its core values of caring and giving, Pakistan State Oil (PSO) launched a nationwide ration distribution drive to support underserved communities. Staying true to its commitment to Corporate Social Responsib…
Pakistan Stock Exchange Limited Closing Rate of INSURANCE Dated 11-05-2023
Karachi, May 11, 2023 (PPI-OT): Company Name Turnover Prv.Rate Open Rate Highest Lowest Last Rate Diff. INSURANCE AGIC Ask.Gen.Insur. 1000 14.80 15.75 15.75 14.80 15.75 0.95 AICL Adamjee Ins.XD 79000 22.20 22.5 22.60 22.20 22.42 0.22 ALAC Askari Life Ass 3000 6.08 5.08 5.25 5.08 5.18 -0.90 ALIFE Adamjee Life As 1000 14.40 14.5 14.50 […]