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2021-02-18 14:35:54 GMT2021-02-18 22:35:54(Beijing Time) Xinhua English
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ISLAMABAD, Feb. 18 (Xinhua) The Pakistan Stock Exchange (PSX) recorded bearish trading activities on Thursday with key index shedding over 600 points on back of technical selling.
The PSX s benchmark KSE 100-Index dipped by 1.34 percent or 625.40 points to close at 46,142.74 points on Thursday when compared with 46,768.14 points reported on Wednesday.
Selling pressure was seen in banks, cement and exploration and production sectors.
According to PSX experts, there was uncertainty among investors ahead of revival of the International Monetary Fund program and announcement of financial results in some major sectors, which contributed to the downward trend at the bourse.
Pakistan Stock Exchange Announces Top 25 Companies Awards Recipients
National
February 10, 2021
Karachi: In a year full of events and developments, some positive and some challenging, Pakistan Stock Exchange has announced the recipients of the Top 25 Companies Awards for the year 2019. As per tradition, the criteria for selecting such companies was also updated and upgraded in 2019 in line with the evolving business environment and requirements.
The Top 25 Companies Award is a tradition at Pakistan Stock Exchange which goes back to 1978.
On the announcement of the Top 25 Companies Awards recipients, the MD & CEO of Pakistan Stock Exchange, Mr. Farrukh H. Khan, stated, “Top 25 Companies Award is the most prestigious recognition of overall corporate performance in Pakistan. I would like to congratulate all the companies that have achieved this distinction for 2019.’’
CDC starts digital platform
January 2, 2021
KARACHI: The Central Depository Company of Pakistan Limited (CDC), through its subsidiary ITMinds Limited, has launched the pilot version of a digital platform for the support of the mutual fund industry, a statement said on Friday.
This platform, named “Emlaak Financials”, will function as a digital distribution channel initially for the mutual funds and later for other asset classes also, it added.
In the first phase, “Emlaak Financials” will provide a low-cost and centralised solution to investors, initially through covering low-risk investors, but will soon be expanded to a full-fledged distribution mechanism for all types of investors.
CDC Launches New FinTech Initiative of Mutual Fund Digital Platform
Central Depository Company of Pakistan Limited (CDC), through its subsidiary ITMinds Limited, has launched the pilot version of a digital platform to support the Mutual Fund industry. This platform, named “Emlaak Financials”, will function as a digital distribution channel initially for Mutual Funds and later on for other asset classes.
Commissioner of Specialized Companies Division (SCD) of the Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, presided over the event.
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In the first phase, ‘Emlaak Financials’ will provide a low-cost and centralized solution to the investors, initially through covering low-risk investors, but soon will be expanded to a full-fledged distribution mechanism for all types of investors.