The FIA investigation team briefed Shahzad Akbar over the sugar probe progress with a particular focus on the ongoing investigation against JDW Group last Friday
mce Expands Operations in France - Signs Distribution Agreement with Tracy Trading
TRACY ) for the distribution of the mce telco monetization solutions in France.
TRACY is a long-standing family-owned business that has been working with the major telecom giants of France for the past three decades providing them with wide range of advanced technological solutions. TRACY will promote mce s Digital Transformation Readiness (DTR) solutions for optimizing mobile device life-cycle monetization opportunities and enhancing user experience for Telecom customers throughout France. The partnership is expected to accelerate mce s penetration to the French market and potentially yield tens of millions of Euros in future revenues.
The stock market continued its losing streak as investors indulged in profit-selling on the last day of the rollover week amid renewed fears of a complete lockdown. AFP/File
KARACHI: The stock market continued its losing streak as investors indulged in profit-selling on the last day of the rollover week amid renewed fears of a complete lockdown as Covid infection cases show no respite.
Arif Habib Ltd in its report said end of rollover week had a painful impact on market, causing the index to tumble 711 points during the session. Leveraged stocks, Netsol, TRG and Unity Foods which had significant outstanding balance in the deliverable future contract open interest created negative sentiment, despite TRG declaring good results with a hefty payout.
KARACHI: Despite strong corporate earning announcements, the stock market on Thursday remained under selling pressure amid rising Covid cases and upcoming rollover week as the benchmark KSE 100 index lost 376.93 points, or 0.83 per cent, to close at 44,929.61.
The possibility of stricter restrictions by the National Command and Operation Centre (NCOC) dented investor confidence who continued offloading their positions.
According to Topline Securities Ltd, the E&P sector closed 1.96pc down on lower international oil prices while cements and autos also witnessed a selling spree where Lucky, DGKC, MLCF and PSMC dented the index the most. Further UBL and Engro Corp closed 4.23pc and 1.23pc higher, respectively, after posting robust earnings and dividends higher than industry expectations.