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NAB arrests Jang Group CEO Mir Shakilur Rehman in land case

The National Accountability Bureau (NAB) arrested Editor-in-chief of Jang Group Mir Shakilur Rahman in a case pertaining to the allotment of illegal plots. As per the sources, he was taken into custody following his appearance in the anti-corruption watchdog’s bureau in Lahore after he failed to give satisfactory answers during the interrogation.

Trading suspended for 2nd time in this week at PSX

Trading at all Equities and Equity derivatives have been suspended as the KSE - 30 Index moves beyond 4%. While the KSE - 100 Index is down by 4.89% from last week closing. Trading Suspended at the Pakistan Stock Exchange as the KSE - 100 Index touched an intraday low of 36,328 level with the volume of 178.5 Mn...

Treet Corporation announced to invest Rs 93.6 Mn in Loads Limited

In a recent notification to the PSX, the Board of Directors meeting of Treet Corporation Limited was held on March 11, 2020. During the meeting, the company has decided to invest up to Rs. 93,694,498 in Loads Limited, being an associated undertaking, for subscribing, fully paid ordinary shares at par of PKR 10 each of Loads Limited through Right...

Corporate Result: GLAXO Annual Sales surged by 8%

GlaxoSmithKline Pakistan Limited (GLAXO) announced the financial results for the year ended December 31, 2019 in which the company declared the Profit After Tax worth Rs. 3.04 Bn that is decreased by 6% annually. The company also announced the Earning Per share of Rs. 9.55 which was Rs. 10.23 for the last corresponding same year. Furthermore, the Net Sales/Revenue of...

Bulls on Floor: KSE – 100 Index hovered to an intraday high of 39,082

The KSE - 100 Index has gained 1,098 points during the intraday and is currently trading at 39,082 points with the volume of 168 Mn shares. The uptrend in the market is attributed to the positive developments during the week. The prices of petrol and high speed diesel (HSD) were reduced by Rs. 5 per litre, while kerosene oil and...

Corporate Result: ABOT Annual Earnings declined by 52%

Abbott Laboratories (Pakistan) Limited (ABOT) announced the financial results for the year ended December 31, 2019 in which the company declared the Profit After Tax worth Rs. 1.29 Bn that is decreased by 52% annually. The company also announced the Earning Per share of Rs. 13.28 which was Rs. 27.52 for the last corresponding same year. Furthermore, the Net Sales/Revenue...

KEL to incorporate a Private Ltd company to undertake Renewable Energy Projects

In a recent notification to Pakistan Stock Exchange (PSX), the Board of Directors of K-Electric (KEL) in their meeting have decided that in order to consider the business update and to undertake renewable energy and other projects the company will incorporate a Private Limited Company which will its wholly owned subsidiary.

Corporate Result: UPFL Annual Earnings increased by 40.1%

Unilever Pakistan Foods Limited (UPFL) announced the financial results for the year ended December 31, 2019 in which the company declared the Profit After Tax worth Rs. 2.45 Bn that is increased by 41/4% annually. The company also announced the Earning Per share of Rs. 11.82 which was Rs. 385.08 for the last corresponding same year. Furthermore, the Net Sales/Revenue...

Corporate Result: DNCC reports loss of Rs. 383.5 Mn for Half Year

Dandot Cement Company Limited (DNCC) has announced the financial results for the six months ended December 31, 2019, whereby it has reported Loss of Rs. 383.5 Mn (EPS: Rs. 0.19), approximately increased by 116% from the last year losses of the same period. During the period under review, the sales of the company were declined 79.2% and recorded at Rs....

Corporate Result: GGGL Net sales improved by 84.2%

Ghani Global Glass Limited (GGGL) has announced the financial results for the six months ended December 31, 2019, whereby it has reported Profit After Tax of Rs. 19.04 Mn (EPS: Rs. 0.19), showing a massive improvement from the last year losses of the same period last year. During the period under review, the sales of the company sky-rocketed by 84.2% ...