Tag Archives: Firms

Wall Street firms slightly after jobs, ISM data

Data from the Institute for Supply Management showed the vast U.S. services sector in December grew at its fastest clip in 10 months, boosted by a rise in new orders. The market’s

You’re off the list!

The front regulators at Karachi Stock Exchange (KSE) are all set to de-list at least 26 listed companies at the bourse for committing various defaults of the listing regulations. Also, the Exchange

SECP registered 245 firms in September

The Securities and Exchange Commission of Pakistan (SECP) registered 245 companies in September. The private companies have the highest share in new incorporation, 221 followed by 20 single-member companies, 1 public unlisted

Rupee firms to 11-month high, stocks end lower

KARACHI – The Pakistani rupee gained on Tuesday to end near an eleven-month high, amid a lack of import payments and continuous healthy dollar inflows, dealers said.
The rupee closed at 84.43/53 to the dollar, compared with Monday’s close of 84.72/78, its highest close since May last year.
“There were no oil payments, therefore there was less demand for the dollar,” said a dealer at a foreign bank, adding that oil payments may start from next week.
Officials and

‘Key OGDCL contracts must be awarded to national firms’

ISLAMABAD – Perturbed by the delay in commissioning of new gas discoveries because of litigation and chronic law and order issues, the National Assembly Standing Committee on Petroleum recommended the Oil and Gas Development Company Limited (OGDCL) to award its exploration and production contracts to key national strategic organisations to counter the delay tactics of multinational companies.
Committee Chairman Sheikh Waqqas Akram had given the direction to the OGDCL when its

Nishat firms reap cotton price dividend

KARACHI – The second half of the financial year bodes well for both Nishat Mills Limited (NML) and Nishat Chunian Limited (NCL) as cotton prices are likely to grow robustly in the local and international market. According to the Cotlook A Index and Karachi Cotton Association, cotton prices are currently hovering around $2.28 per pound and Rs 12,500 per maund, respectively.
Timely investment in cotton during the buying period (September-December) for both companies has allowed