Karachi, July 07, 2023 (PPI-OT): KSE-100; Consolidation to continueKSE-100 index showed positive movement to close at 44,179 level, up 626 points DoD. Volumes stood at 298mn shares versus 351mn shares traded previously. The index is expected to re-test…
Karachi, July 07, 2023 (PPI-OT): Reinstating tax on cash withdrawals to invite higher cash in circulationWithholding Tax (WHT) on cash withdrawals, a practice witnessed in previous years, has been reinstated by the government in the FY24 Budget, where …
Karachi, July 07, 2023 (PPI-OT): PSX Surges 2,750+ Points on IMF Approval, up 7% WoWInvestor enthusiasm over government’s agreement with IMF fueled market bullishness. Increased market activity on the first trading day also resulted in a temporary one-…
Karachi, July 07, 2023 (PPI-OT): CPPA Disburses PKR 142bn to Clear Circular Debt Pile upAs per news in circulation, Central Power Purchasing Authority (CPPA) has disbursed PKR 142bn to IPPs on account of circular debt payment. Payments have been made t…
Karachi, July 06, 2023 (PPI-OT): Fertilizers: Well positioned to navigate recent changesWe visit the recently announced changes in taxation and incentive landscape for fertilizer sector. While companies have adjusted retail prices to account for 5% FED…
Karachi, July 06, 2023 (PPI-OT): KSE-100 lost 4 points yesterday, to close at 43,553 with 342Mn shares being traded. Top performance as per price change was witnessed in YOUW, NRL and KAPCO. Top decliners HGFA, IBFL and EFUG. Activity was mainly concen…