Live Breaking News & Updates on Frieslandcampina engro
Stay updated with breaking news from Frieslandcampina engro. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bullish trend prevails at Pakistan bourse bolnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bolnews.com Daily Mail and Mail on Sunday newspapers.
FrieslandCampina Engro Pakistan launches Pakistan–Netherlands Dairy Development Centre thecattlesite.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecattlesite.com Daily Mail and Mail on Sunday newspapers.
Market watch: Stocks close week on bullish note tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
PSX reports loss on FATF concerns Index sees range-bound trading due to host of negative triggers KARACHI: Bears maintained hold on the Pakistan Stock Exchange (PSX) in the outgoing week as a host of negative triggers, particularly concerns over the Financial Action Task Force (FATF) review of Pakistan, motivated investors to stay on the sidelines. Resultantly, the KSE-100 index traded range-bound last week and closed at 47,603 level, having lost 635 points or 1.3%. “On the economic front, talks between Pakistan and the International Monetary Fund (IMF) are still underway and both parties seem hopeful of reaching an agreement soon,” said JS Global analyst Ali Zaidi.
As the results’ season draws to a close, analysts work feverishly on their calculators to determine the corporate profitability for the quarter ended on Dec 31, 2020. The results are pleasantly surprising. The aggregate profit earned by listed companies in the quarter amounted to Rs213.9 billion, registering impressive growth of 38 per cent year-on-year. Sector-wise reviews show the segment with the heaviest weight in the KSE-100 index, commercial banks, contributed the highest sum of Rs48bn earned in the quarter. The figure, however, fell by 8pc over the profits recorded in the same quarter in 2019. The oil and gas exploration and production sector produced the second highest profit after tax of Rs41bn for the quarter, which was 15pc lower than the earnings of Rs48.1bn in the same quarter in 2019.