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On the first day of its formal launch on Monday, the Pakistan Stock Exchange (PSX) Dividend 20 Index shed 116.57 points of 0.84 per cent to close at 13,809.11 points. The newly launched benchmark consists of top 20 dividend-paying companies that have a dividend distribution history, ranked and weighted based on the trailing 12-month dividend yield. It can be used as a benchmark index for the in
The Pakistan Stock Exchange staged a rebound on Wednesday as the KSE-100 index climbed 121 points, aided by investor interest in technology stocks. The approval of an incentive package for the IT industry by Prime Minister Imran Khan triggered bullish activity in the technology sector, where stocks were in the limelight throughout the session. Moreover, market participants took cue from the
The government is paying special attention to promoting industrialisation to create employment opportunities and enhance exports, said Prime Minister Imran Khan. Chairing a meeting on Wednesday to discuss the planning framework for national development and systemic reforms, the prime minister said it was for the first time that the government had opted for export-oriented planning. “Skilled
Oil and Gas Development Company’s (OGDC) profit after tax soared 87% to Rs35.3 billion in October-December 2021 owing to an exponential surge in other income. According to a notice sent to the Pakistan Stock Exchange, the oil and gas exploration firm had reported a profit of Rs18.9 billion in the same period of 2020. Earnings per share of the company rose from Rs4.39 in the October-December
Political unrest and higher commodity prices resulted in volatility in the shares market on Wednesday. According to Arif Habib Ltd, the cement sector faced pressure owing to higher coal prices in the international market. United Bank Ltd was in the limelight after it announced better-than-expected financial results. Value hunting was observed in the last trading hour, which led to a recovery in