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KSE-100: Covid lockdown fear extends losses; index plunges 376 points

KSE-100: Covid lockdown fear extends losses; index plunges 376 points April 23, 2021 Stocks extended their losses for the second day at Pakistan Stock Exchange (PSX) on Thursday, as rising fear over fresh rounds of Covid lockdown restrained the index. On Thursday , the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,496.82 level after gaining 190.28 points. However, paring early gains the index reversed its trajectory and clocked at 45,929.61 index level by the closing bell after posting a 376.93 points loss. During the session the market was gripped with fears of rising Covid cases, after the Federal Minister for Planning and Development and the Chief of the National Command and Operation Centre (NCOC) Asad Umar on issued a warning and said that if the coronavirus situation continues to worsen in the country, the government will be compelled to impose more restrictions, which dampened investors’ confidence.

Asad umarNational clearing company of pakistan limitedMuslim commercial bankHabib bankPakistan petroleumOperation centreGhani globalOil gas exploration companiesPakistan stock exchangeShell pakistan limited kohinoor textile millsBank al habibBank alfalahOil gas development companyLucky cementTechnology communicationUnited bank

Exploration Licences and PCAs signed

Exploration Licences and PCAs signed - ISLAMABAD, Pakistan: The Federal Minister for Energy Muhammad Hammad Azhar graced the signing ceremony of Petroleum Concessions/ Exploration Licences of 6 oil & gas blocks at Petroleum Division in Islamabad on Friday. These Exploration Licences and Petroleum Concession Agreement (PCAs) were signed by Mian Asad Hayaud Din, Secretary Petroleum Division, Mr. Abdul Jabbar Memon, Director General Petroleum Concessions on behalf of Government of Pakistan, Mr. Shahid Saleem Khan, Managing Director, OGDCL, Mr. Faheem Haider, Managing Director, MPCL and Mr. Moin Raza Khan, Manager Director, PPL. Director General Petroleum Concession, Petroleum Division granted Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) over Block No. 3068-6 (Killa Saifullah) and Block No.3067-7 (Sharan) with Oil & Gas Development Company Limited (OGDCL) and Mari Petroleum Company Limited (MPCL), Block No. 3069-9 (Suleiman) with OGDCL and Pakistan Petroleum

Killa saifullahNorth west frontierGujrat mandi bahauddinFaheem haiderMoin raza khanMian asad hayaudKilla saif ullah loralaiAbdul jabbar memonShahid saleem khanOil gas development company limitedDevelopment productionPakistan petroleum limitedMari petroleumPetroleum concessions exploration licencesEnergy muhammad hammad azharProduction company

Kse-100: Stocks post meager gains on lack of triggers

Kse-100: Stocks post meager gains on lack of triggers April 17, 2021 Bulls or Bears, stocks accommodated none at Pakistan Stock Exchange (PSX) on Friday, as lack of triggers kept investors sentiments in check, in a choppy trade. On Friday, the benchmark kse-100 opened on a positive note and touched intra-day high at 45,471.35 level after gaining 241.17 points. However, selling pressure emerged by midday, which wiped off most of the gains. But, nevertheless, the index crawled up in the positive zone as by the closing bell the benchmark index gained 75.45 points to clock at 45,305.63 level. During the session the market witnessed lack of investor interest, but higher expectations in upcoming financial results in key sectors was the sole reason which lent support to the bourse and aided its uptrend.

Hub power companyNational clearing company of pakistan limitedHabib bankPakistan petroleumFauji fertilizer bin qasimOperation centreGhani globalFauji cement companyOil gas marketing companiesPakistan stock exchangePakistan tobacco companyPak suzuki motor companyTechnology communicationNational commandGhani global limitedTelecard limited

Petroleum Division s New Policy Aims to Revive E&P Activities in Unexplored Areas

Petroleum Division s New Policy Aims to Revive E&P Activities in Unexplored Areas
propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.

Omar ayubPetroleum divisionPakistan petroleumMari petroleumGas development companyDewan groupOrient petroleumPublic procurement regulatory authorityPetroleum exploration companyPakistan petroleum limitedKhyber pakhtunkhwaஓமர் அயூப்பெட்ரோலியம் பிரிவுபாக்கிஸ்தான் பெட்ரோலியம்மாரி பெட்ரோலியம்வாயு வளர்ச்சி நிறுவனம்

Pakistan wants to revive E&P activities in unexplored areas

Pakistan wants to revive E&P activities in unexplored areas
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Energy omar ayubPakistan petroleumMari petroleumGas development companyOrient petroleumDewan groupPublic procurement regulatory authorityPetroleum exploration companyPakistan petroleum limitedKhyber pakhtunkhwaஆற்றல் ஓமர் அயூப்பாக்கிஸ்தான் பெட்ரோலியம்மாரி பெட்ரோலியம்வாயு வளர்ச்சி நிறுவனம்ஆரியெஂட் பெட்ரோலியம்திவான் குழு