Karachi, June 23, 2023 (PPI-OT): KSE-100 down 69 points yesterday, to close at 40,152 with 116Mn shares being traded. Top performance as per price change was witnessed in KEL, UPFL and JVDC. Top decliners LOTCHEM, YOUW and COLG. Activity was mainly con…
Day: June 23, 2023
AKD Securities Limited – Stock Smart (23 June 2023)
Karachi, June 23, 2023 (PPI-OT): Weekly ReviewThe outgoing week saw gloomy sentiments overwhelm the local bourse, where the KSE100 index maintained a bearish attitude since the announcement of the budget on June 9th. The benchmark index opened the week…
VIS Upgrades Entity Rating of Faisalabad Oil Refinery Private Limited
Karachi, June 23, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has upgraded the entity ratings of Faisalabad Oil Refinery (Pvt.) Limited (FORL) to ‘A-/A-2’ (Single A Minus/ A-Two) from ‘BBB+/A-2’ (Triple B Plus/A-Two). The medium to long-term…
Untimely Demise of Vice Chairman and Suleman Dawood
Karachi, June 23, 2023 (PPI-OT): Surely to Allah we belong and to Him we will return.Engro is deeply saddened to share the untimely demise of Mr. Shahzada Dawood, Vice Chairman, Engro Corporation, and his beloved son, Suleman Dawood.Mr. Dawood joined t…
Dollars being smuggled to Afghanistan and Iran
Islamabad, June 23, 2023 (PPI-OT): Brig. (retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW) said on Friday that a large number of dollars are being smuggled from the country to Afghanistan and Iran. Pakistan’s economy is getting weak due to co…
FESCO Approves Establishment of Toba Tek Singh Circle and Expansion of Service Divisions to Better Serve Increasing Consumers
Faisalabad, June 23, 2023 (PPI-OT): Faisalabad Electric Supply Company (FESCO) Board of Directors and Ministry of Power (Power Division) have approved the establishment of Toba Tek Singh Circle, Three Divisions and Eight Sub Divisions in FESCO region i…
vivo Becomes the Official Exclusive Supplier of Mobile Phones for the 19th Asian Games Hangzhou
Lahore, June 23, 2023 (PPI-OT): vivo, a global leading technology company, announced that it has been named the Official Exclusive Supplier of Mobile Phones for the 19th Asian Games Hangzhou (Below as “Hangzhou Asian Games”) on June 15th. This date als…
PACRA Maintains Entity Ratings of ACT Wind (Pvt.) Limited
Lahore, June 23, 2023 (PPI-OT): Tapal, Ismail and Akhtar groups has set up a 30MW wind power plant – Act Wind (Pvt) Limited (“Act Wind” or “the Company”) in Jhimpir, under the Policy for Development of Renewable Energy for Power Generation, 2006 which …
AKD Securities Limited – AKD Daily Technical (23 June 2023)
Karachi, June 23, 2023 (PPI-OT): KSE-100_A short term pullback likelyMarket View – TechnicalThe index opened on a slightly positive note and faced a volatile trading session. The local bourse posted a high of 158pts, a low of 129pts and concluded with …
PACRA Maintains Entity Ratings of Meezan Plastic Industries (Pvt.) Limited
Lahore, June 23, 2023 (PPI-OT): Meezan Plastic Industries (PVT) Limited (“the Company” or “MPI”) ratings reflect an emerging business profile in the packaging industry. The Company manufactures and sells different types of BOPP / OPP (Biaxially Oriente…