SBP governor expects Pakistan to achieve 3pc growth in FY21 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.
The move comes as demand for new sizes of tyres has increased in the country with the arrival of automobile variants. ─ Maxabout.us.
ISLAMABAD: General Tyre and Rubber Company of Pakistan Limited (GTR) has started manufacturing 18-inch tyres for Sports Utility Vehicle (SUV).
The move comes as demand for new sizes of tyres has increased in the country with the arrival of automobile variants.
In a statement, GTR Chief Executive Hussain Kuli Khan said the company has made major investments to develop and manufacture new sizes of tyres.
“New players in the auto industry have diversified local tyre manufacturing by increasing demand of new sizes of tyres especially with the induction of crossovers and SUVs,” he said. GTR has invested over Rs5 billion in the last five years to upgrade its manufacturing unit.
Kse-100: Bulls lift index to cross 45,000 mark
April 10, 2021
Bulls continued to dominate Pakistan Stock Exchange (PSX) for the second day, as stocks extended their gains to lift benchmark kse-100 index by 445.12 points by the closing bell to cross 45,000 mark.
Senior Vice President, BMA Capital Management Limited, Irfan Saeed said that Friday’s gains were primarily linked to a technical bounce back as the index was projected to cross 45,200 level, but warned that technical correction can be witnessed in the next session, as profit taking is expected at this level. Mr Saeed, however added that the current uphill trajectory of the index can also be linked to upbeat investors sentiments, who are expecting strong financial results season, specifically for the cement and steel sector, which have witnessed a surge in dispatches and sales.
KSE-100: Stocks stage 787 points recovery amid Technical bounce back dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
KSE-100: Foreign selling weighs down index by 451 points
April 8, 2021
Following a short-lived recovery in the previous session at the Pakistan Stock Exchange (PSX), the market was in jitters on Wednesday owing to heavy selling pressure by the foreign investors, as benchmark KSE-100 index lost 451.12 points by the closing bell and breached 43,000 level.
Investors once again were in frenzy, as selling pressure in index heavy-weight stocks weighed on sentiments. On Wednesday, the index opened positive, following previous session’s gains, and touched intra-day high at 44,571.91 after it gained 167.91 points. However, reversing the earlier gains, the index entered negative territory and lost 646.65 points to touch intra-day low at 43,758.05 level.