Stock Market

CPI clocked in at 5.7% in January 2021

Pakistan Bureau of Statistics (PBS) released the Consumer Price Index (CPI) inflation figure for the month ended January, 2021. The CPI clocked at 5.7%YoY in January 2021 as compared to an increase of 8.0% in the previous month and 14.6% in January 2020. On month-on-month basis, it decreased by 0.2% in January 2021 as compared to […]

Stock Market

Hascol’s board approve to increase the Authorize capital from Rs. 10Bn to Rs. 50Bn

Hascol Petroleum Limited in a latest notification to PSX, has announced that its board of Directors approved the increase in Authorize share capital of the company from rs. 10Bn to Rs. 50Bn subject to obtaining the requisite approvals from the shareolder of the company. Please follow and like us:

Stock Market

Lucky Cement decided to increase its cement production capacity at its Pezu plant

Lucky Cement in a notification to PSX, announced that company has decided to increase its cement production capacity at its Pezu plant by Rs. 3.15Mn tonnes per annum. This has been done with the increasing demand in the domestic cement industry on the back of revival of economic activity and an uptick in the construction […]

Stock Market

EPCL shares Quarterly progress report on implementation of PVC expansion/VCM debottlenecking

In a latest notification to PSX, the Engro Polymer & Chemical Limited posted Quarterly progress report on implementation of PVC expansion/VCM debottlenecking. Despite the challenges posed by the pandemic, the progress at PVC has been satisfactory. We are pleased to inform that the PVC plant has attained Mechanical Completion. We are now in the commissioning […]

Stock Market

Panther Tyres successfully raises Rs2.632bn through book building

Panther Tyres Limited raised funds worth Rs2.63 billion through a book building process at the Pakistan Stock Exchange (PSX) on Thursday. The company strike price clocked in at Rs65.8 each during the two-day (Jan 27-28) book building process. The company opened bidding at Rs47 per share, which could increase by a maximum of 40% to the upper […]

Stock Market Uncategorized

Fauji Foundation to acquire majority stake in Silk Bank

In a latest notification to PSX, Fauji Foundation (FF) has expressed its intention to acquire majority stake in Silk Bank Limited (PSX:SILK). As a part of the process, Silk Bank has been requested to allow FF to conduct due diligence of Silk Bank and in this regard FF intends to apply to SBP for the […]

Stock Market

Corporate Result: Fauji Fertilizer Company Annual Earnings observe growth of 72%

In a latest notification to the PSX, the Fauji Fertilizer Company Ltd (PSX:FFC) announced the result for the year ended December 31, 2020. The company announced the Profit After Tax of Rs.29.7Bn, showing a growth of 72% YoY basis. The Eanring Per Share (EPS) clocked in at Rs. 23.38. The company earning were increased as […]

Stock Market

HUBC’s subsidiary & Central Power Purchasing Agency signed an agreement in furtherance of the MoU

In a latest ntoification to the Pakistan Stcok Exchange, the Hub Power Company Limited (HUBC) announced that the Narowal Energy Limited (a wholly-owned subsidiary of HUBC under the 2002 Power Policy) and Central Power Purchasing Agency (Guarantee) Limited (Power Purchaser) have initialed an agreement in furtherance of the Memorandum of Understanding dated 12th August 2020. Under […]

Stock Market

Hira Textile Mills shares progress of newly launched special Melange Yarn

Hirat Textile Mills Limited (PSX: HIRAT) has launched a special type of Yarn i.e. Melange Yarn in October 2020. Out of Total Yarn, 40% of the Melange yarn was produced & sold to Export Oriented Units. The units includes the following: Style Textile Mills Sapphire Textile Mills Limited Shahkam Industries Azad International Clothing (PVT) Ltd. […]

Stock Market

SAZEW sales surged by 22.9% on MoM basis

In a latest notification to the Stock Exchange, the Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of December 2020. SAZEW Production Units were recorded at 1,608 units, showing a rise of 30% on Monthly basis. While 991 units were sold as compared to the 806 units sold in […]