News Archives for Business & Finance - 2021-02-23

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Business & Finance - 2021-02-23

Stocks

Slide in growth stocks pummel Nasdaq, Powell testimony underway

Fed's Powell says support for economy needed for "some time".
Growth stocks resume slide.
Tesla falls as bitcoin sell-off weighs.
Home Depot slips on unclear consumer spending outlook.
Indexes fall: Dow 0.58%, S&P 1.05%, Nasdaq 2.43%.

Published 23 Feb, 2021 09:26pm

Energy

Oil holds near year-long highs as COVID lockdowns seen easing

Brent could hit $70-75 a barrel in third quarter, say banks.
US crude, refined product stocks seen falling last week.
Coming up: US API inventory data at 2130 GMT.

Published 23 Feb, 2021 09:26pm

Money & Banking

US bank profits fell 36.5pc in 2020 on pandemic concerns: FDIC

The industry posted $147.9 billion in profits in 2020, a sharp decline from record 2019 profits, according the Federal Deposit Insurance Corporation.
The banking industry maintains strong capital and liquidity levels, which can mitigate potential future losses.

Published 23 Feb, 2021 09:19pm

Companies

Lucid Motors' $24 billion blank-check deal sparks bubble concerns

"The EV sector feels like it's going through a correction. Lucid's SPAC-IPO probably (is) driving circular negative reinforcement."
We think Tesla has been valued for teleportation, so the correction is probably a very healthy thing. This allows investors to watch for potential entry points in names they feel they might have missed.

Published 23 Feb, 2021 09:15pm

Forex

South African rand gains sharply on Fed chair comments

The prospect of ongoing support by the central bank of the world's largest economy is positive for emerging markets like South Africa.
The rand traded at 14.5750 against the dollar, almost 0.8% firmer than its previous close.

Published 23 Feb, 2021 09:13pm

Financial

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

ECB President Christine Lagarde said on Monday the central bank was "closely monitoring" rising borrowing costs - a comment that knocked Germany's 10-year Bund yield off its eight-month high.
The ECB's strategy "is not to burn too much cash trying to lean against the wind - rather to intervene verbally", he said, citing lower levels of ECB bond-buying last week.

Published 23 Feb, 2021 09:11pm

Companies

S. Africa's Aspen forecasts 16-18pc sales growth for half year ended December

The company, which could produce Johnson & Johnson's COVID-19 vaccine by end-March, said revenue from continuing operations is expected to grow between 16% and 18% for the six months ended Dec. 31.
Aspen, which also manufactures active ingredients used in medicines and helps in packaging and filling of final products, is due to report its financial results for half year ended Dec. 31 on March 11.

Published 23 Feb, 2021 09:09pm

Money & Banking

Bank of Montreal, Scotiabank beat profit expectations, signal better times ahead

BMO shares rose 2.8% to C$104.68 in morning trading in Toronto, on track for their highest close since May 2019. Scotiabank shares increased 2.7% to C$74.01, heading for their best day in over a year.
Scotiabank took PCLs of C$764 million, compared with the expected C$928 million.

Published 23 Feb, 2021 09:03pm

Stocks

Brazil shares recover as Petrobras jumps; Mexican peso breaks losing streak

Petrobras' board is set to meet on Tuesday to rule on Brazilian President Jair Bolsonaro's appointment of former Defense Minister Joaquim Silva e Luna to run the state run firm.
Bolsonaro's decision to replace Petrobras' CEO is dashing hopes of Brazil's return to economic orthodoxy.

Published 23 Feb, 2021 08:49pm

Money & Banking

Forint firms after Hungary central bank leaves rates unchanged, flags CPI risks

"Emphasizing the risk of higher inflation made the bank sound more hawkish than last month," a Budapest-based FX trader said.
"This has been priced in by the market to some extent, however, the forint could strenghten as far as 355 this week."

Published 23 Feb, 2021 08:43pm

Money & Banking

BoE not targeting change in insurers' capital, says Gerken

We are not looking for increase or decrease ... but are interested in the evidence as to ... what is the amount of capital that is about right. *"The industry has proven resilient over the last 12 months in the current regime," she said.

Published 23 Feb, 2021 08:38pm

Stocks

TSX eyes worst day in a month on weaker crude, inflation concerns

The energy sector dropped 2.8%, while the materials sector, which includes precious and base metals miners and fertilizer companies, lost 3.4%.
Toronto Stock Exchange's S&P/TSX composite index was down 341.28 points, or 1.85%, at 18,075.46.

Published 23 Feb, 2021 08:34pm

Forex

Bitfinex, Tether owner pays $18.5mn fine to settle NYAG cryptocurrency cover-up charges

James said the civil settlement with Hong Kong-based iFinex Inc and related entities will also require them to halt trading activity with New Yorkers.
Tether is the world's third-largest cryptocurrency, after Bitcoin and Ethereum, according to CoinMarketCap. Its market value was about $34.8 billion on Tuesday, up from $2.8 billion when James announced her charges in April 2019.

Published 23 Feb, 2021 08:29pm

Industry

Easyjet to hold investor calls for euro bond as travel hopes rise

No details were provided on how much the airline is looking to raise from the sale, but a "benchmark" euro bond issue typically has a deal size of about 500 million euros or more.
EasyJet said that bookings for flights for this summer had soared over 300% since Britain's announcement, and holidays by more than 600%, compared to their levels last week.

Published 23 Feb, 2021 08:21pm

Companies

Kumba Iron Ore pays out cash and invests in Sishen mine after strong profits

Kumba Iron Ore reports 40% rise in FY profit.
Declares higher final dividend.
To invest 3.6 bln rand to extend Sishen life of mine.

Published 23 Feb, 2021 08:10pm

Companies

Spirit posts quarterly loss on pandemic, 737 MAX pain

"2020 was one of the most challenging years in aviation history. For Spirit, the 737 MAX grounding and the COVID-19 pandemic created a dual-crisis," Spirit Chief Executive Officer Tom Gentile said.
Spirit's total deliveries of shipsets, or complete sets of parts, fell 48.9% to 231 units in the fourth quarter. Boeing 737 MAX deliveries fell to 19 shipsets from 153 a year ago.

Published 23 Feb, 2021 08:02pm

Forex

Dollar bounces off six-week low as traders prepare for Powell

Dollar briefly hits lowest since Jan. 13.
Aussie, Kiwi hold near multi-year highs.
Bitcoin takes another dive after record price.

Published 23 Feb, 2021 07:59pm

Stocks

Sri Lankan shares extend losses as industrial, financial stocks slip

The benchmark stock index ended 3.53% lower at 7,329.21.
After markets closed on Monday, data showed that the island nation's national consumer price inflation was up 3.7% year-on-year in January.

Published 23 Feb, 2021 07:57pm

Stocks

Indian shares end flat; Reliance gains, financials weigh

There is no positive news in the near term to propel markets higher and we may continue to see such sedate moves until there are fresh triggers that will decide which way market will move going-ahead.
Reliance Industries was the top boost to the Nifty 50, closing up 0.8% after the conglomerate said it expected to hive off its oil-to-chemicals (O2C) business in the September quarter.

Published 23 Feb, 2021 07:53pm

Stocks

Higher oil prices push Saudi index up, while Egypt declines

Dubai index ends a five-day losing streak.
Etisalat gains on FY dividend.
Qatar falls for a fifth consecutive day.

Published 23 Feb, 2021 07:50pm

Industry

Jetmakers to lose orders in Norwegian restructuring

There is a hearing ongoing and we can't comment until that is over
Planemakers have not so far faced sizeable cancellations directly related to the coronavirus crisis as deliveries were cushioned by deposits held on account, industry sources say.

Published 23 Feb, 2021 07:48pm

Companies

Brazil approves Pfizer's COVID-19 shot, but has none to use

The Pfizer/BioNTech shot is the first vaccine against the novel coronavirus to receive full approval in Brazil, Anvisa said. Other vaccines developed by AstraZeneca and China's Sinovac Biotech Ltd, have only been approved for emergency use so far.
The approval is good news for a country whose immunization campaign has been plagued by delays and political squabbling.

Published 23 Feb, 2021 07:44pm

Commodities

Sugar extends rally, hitting highest in nearly four years

March raw sugar edged up 0.3% to 18.84 cents per lb.
May arabica coffee edged up 0.3% to $1.3530 per lb.
May London cocoa firmed by 0.1% to 1,839 pounds a tonne.

Published 23 Feb, 2021 07:39pm

Companies

G4S urges shareholders to accept Allied deal as bid battle ends

G4S recommends vote for Allied's final offer.
Allied offer open for acceptance until March 16.
Says acceptance level lowered to 75% from 90%.

Published 23 Feb, 2021 07:33pm

Energy

US natgas futures slip 2pc as warmer weather allows output to return

That small decline comes despite forecasts for higher demand next week as liquefied natural gas (LNG) exports rise.
On their second to last day as the front-month, gas futures for March delivery fell 6.3 cents, or 2.1%, to $2.890 per million British thermal units.

Published 23 Feb, 2021 07:21pm

Nikola announces hydrogen fuel cell-powered vehicle lineup

The lineup includes a hydrogen fuel-cell electric vehicle (FCEV) variant of Nikola's truck series Tre Cabover and Nikola Two FCEV Sleeper, a long-haul freight automobile, for the North American market.
Nikola said its Tre FCEV Cabover is targeted for distances up to 500 miles, while the Sleeper would allow for a non-stop range of up to 900 miles.

Published 23 Feb, 2021 07:20pm

Money & Banking

Top banks asked to justify why they still clear euro swaps in London

Clearers in Britain have EU permission to continue clearing for EU customers until mid-2022 to give banks time to shift their euro positions to the continent, but switching has been slow.
"The objective of this discussion is to ensure that the Commission is aware of all possible impediments, obstacles and opportunities," the document prepared for the meeting said.

Published 23 Feb, 2021 07:14pm

Money & Banking

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

The bank now expects Brent crude oil to average $60 per barrel in 2021, up from a previous estimate of $50. BofA also forecasts West Texas Intermediate (WTI) crude prices to average $57 a barrel this year.
Brent prices could temporarily spike to $70 a barrel in the second quarter of the year, the bank's analysts said in a note.

Published 23 Feb, 2021 07:01pm

Money & Banking

Wells Fargo sells asset management arm to private equity firms for $2.1bn

The sale represents the biggest shake-up at the US bank since former Bank of New York Mellon top boss Charles Scharf joined as chief executive officer in 2019.
Wells Fargo will own a 9.9% stake in the asset management unit and will continue as a client and distribution partner, the bank said.

Published 23 Feb, 2021 06:17pm

Companies

UAE armed forces announce $1.6bn in defence deals

The single largest contract was a 2.96 billion dirham deal with UAE's Yas Holding to supply the armed forces with missiles.
Boeing was awarded a 112 million dirham contract for a C-17 transport aircraft simulator. A 66.4 million dirham contract was signed with France's Thales and a 40.7 million dirham deal with Germany's Rheinmettal was also announced.

Published 23 Feb, 2021 06:14pm

Companies

Indian pharma firms go local seeking to end reliance on China

Executives at India's Cadila Healthcare, Cipla , Sun Pharmaceutical and Biocon said on Tuesday they were aggressively working on reducing the dependence on the richer rival for raw materials.
For the critical API molecules, the idea is to go for a backward integration where you are in control of that pie which is going to make the most impact on your business, and also to make sure that the entire value chain is secure.

Published 23 Feb, 2021 06:09pm

Money & Banking

Munich Re stops insuring Nord Stream 2 amid sanctions threat

The US has been threatening sanctions against European companies that support construction of the $11 billion gas pipeline, and Zurich Insurance Group dropped out last month.
Munich Re Syndicate has issued the notice of termination to Nord Stream 2," a spokesman said in an emailed statement on Tuesday, referring to the company's subsidiary.

Published 23 Feb, 2021 06:07pm

Stocks

Stocks struggle as tech slide erases commodities surge

World stocks down 0.1% at fresh 2-week low.
Nasdaq futures down 1.5%, S&P 500 futures down 0.5%.
Crude oil, metal prices rise on growth outlook.
Expectations of faster growth spur inflation fears.
Eyes on Fed's Powell testimony at 1500 GMT.

Published 23 Feb, 2021 06:03pm

Companies

Lloyd's insurer Brit says it will not insure Adani coal mine

Brit does not, has never, and will not write any policies relating directly to the Adani Carmichael coal mine itself.
Brit also confirms that it does not plan to renew any risks involving any other works directly associated with the project.

Published 23 Feb, 2021 05:56pm

Commodities

Copper's spectacular rally slows at 9 1/2-year highs

Benchmark copper on the London Metal Exchange was up 0.2% at $9,112 a tonne. *Prices have shot up 16% in February, the biggest monthly rise since November 2016, taking gains since the start of 2020 to around 50%.

Published 23 Feb, 2021 05:49pm

Industry

Estee Lauder to pay $1 billion for controlling stake in Ordinary skincare owner

The M.A.C brand owner, which is raising its stake to about 76% from about 29%, said it had agreed to purchase the remaining interest in the company after a three-year period.
DECIEM recorded net sales of about $460 million for the 12 months ended Jan. 31, with the United States, the UK and Canada accounting for a major portion of its business.

Published 23 Feb, 2021 05:42pm

Companies

UK-Japan trade deal settled nerves for Japanese firms

We welcome very much the Japanese trade agreement which as a Japanese businesses was very welcomed.
On the point around confidence, that certainly amongst my peers in Japanese companies was very much welcomed, and probably settled a lot of nerves in terms of their trading prospects in the UK going forward.

Published 23 Feb, 2021 05:33pm

Companies

Brazil's BNDES closes out its stake in miner Vale

The sources said that BNDES was still eager to reduce its holdings in state-run oil company Petroleo Brasileiro SA.
Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($13 billion) in market value.

Published 23 Feb, 2021 05:30pm

Companies

Maersk backs plan for large green ammonia plant in Denmark

There is a very real sense of urgency in curbing shipping's emissions, and we must develop scalable carbon neutral fuels.
"Therefore, we welcome this project as an important development of green ammonia supply in the future."

Published 23 Feb, 2021 05:28pm

Companies

Macy's forecasts upbeat 2021 sales

The company expects sales between $19.75 billion and $20.75 billion for the full year, compared with analysts' estimates of $20.13 billion.
Same-store sales on an owned basis fell 17% in the fourth quarter ended Jan. 30, compared with Wall Street estimates of a 16.60% fall.

Published 23 Feb, 2021 05:20pm

Stocks

Oprah-backed Oatly plants IPO seed with private regulatory filing

Oatly, known for its oat milk products, has tie-ups with several cafes in the United States, including Starbucks and also sells its products online and in retail stores.
Oatly raised a $200 million equity investment in July last year from a group led by Blackstone Group Inc that includes Oprah Winfrey, Natalie Portman and former Starbucks Corp chief Howard Schultz.

Published 23 Feb, 2021 05:11pm

Industry

Apple ousted Samsung & Xiaomi as the top-selling smartphone brand in late 2020

Apple overtook Samsung and Xiaomi to become the top-selling smartphone brand in the fourth quarter of 2020.
Apple also claimed a market share of 20.8 percent in the 4th quarter of 2020.

...

Published 23 Feb, 2021 04:22pm

Companies

Spotify to launch its services in Pakistan soon

Spotify has announced that it will be launching its services in Pakistan, Nigeria, Bangladesh, and more than 80 new markets in the next few days, in a recent tweet.

Published 23 Feb, 2021 04:22pm

Bitcoin decline 17pc, witness biggest single-day drop

The world's biggest cryptocurrency suffered its biggest daily drop in a month, falling as low $45,000.

Published 23 Feb, 2021 04:03pm

NEPRA directs K-Electric to improve the system

Tauseef Farooqi, Chairman, NEPRA, heard a request from KE to increase the price of electricity by Rs 1.71 per unit.

Published 23 Feb, 2021 03:07pm

Stocks

Most Gulf markets track oil, Asian shares higher

The index's gains, however, were capped by losses at the country's largest lender First Abu Dhabi Bank.

Published 23 Feb, 2021 02:10pm

Hammad optimistic top smartphone manufacturers to enter Pakistan soon

“Therefore I believe that in the coming years, smartphone and mobile phone manufacturing would become export commodities and an important part of the economy of Pakistan,” said Azhar.

Published 23 Feb, 2021 02:03pm

Stocks

European stock markets rebound at open

In the eurozone, Frankfurt's DAX 30 index edged up 0.1 percent to 13,962.29 points and the Paris CAC 40 added 0.3 percent to 5,785.09.

Published 23 Feb, 2021 01:55pm

Stocks

Hong Kong stocks close higher

The Hang Seng Index climbed 1.03 percent, or 312.81 points, to 30,632.64.

Published 23 Feb, 2021 01:53pm

Real Estate

China's Jan new home prices quicken as mega cities heat up

China's property market recovered quickly from the COVID-19 crisis last year, mostly in bigger cities. But the rebound has raised concerns about financial risks and policymakers have since then tightened screws on the funnelling of funds into the sector.

Published 23 Feb, 2021 12:18pm

Companies

Tesla rival Lucid Motors to go public in $11.8bn blank-check merger

The deal with CCIV includes a private investment of $2.5 billion from Saudi Arabia's Public Investment Fund, funds managed by BlackRock and others.

Published 23 Feb, 2021 12:14pm

Financial

South Korea central bank chief says will review govt bond purchases to stabilize market

Lee, however, said it isn't appropriate for the Bank of Korea to directly acquire treasury bonds from the government, suggesting any bond buying will be made in the secondary market.

Published 23 Feb, 2021 12:11pm

Commodities

Palm oil gains 2% as crude, soyoil rise

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 74 ringgit, or 2.1%, to 3,618 ringgit ($895.32) a tonne during early trade.

Published 23 Feb, 2021 12:09pm

Commodities

Copper extends rally on tight supply, strong demand outlook

Three-month copper on the London Metal Exchange rose 1.3% to $9,214 a tonne by 0252 GMT, having hit a 9-1/2-year high of $9,269.50 a tonne in the previous session.

Published 23 Feb, 2021 12:06pm

Bitcoin falls as much as 6% as it pulls back from record high

Ether, the coin linked to the ethereum blockchain, also dropped more than 5% and last bought $1,707, down almost 17% from last week's record peak.

Published 23 Feb, 2021 12:04pm

Anticipating uptick in construction, Pakistan's cement manufacturer plans expansion

The company seeks to take advantage of the recent government-announced construction package, which aims to uplift the economic activity and aid the economy to recover during Covid-19.

Published 23 Feb, 2021 12:02pm

Commodities

Wheat eases after rally; near 3-week high on cold weather worries

Still, showers on Argentina's Pampas grains belt in recent weeks have helped make up for the dryness that parched soybean and corn crops from the middle of last year, weather experts said on Monday.

Published 23 Feb, 2021 12:01pm

Commodities

Philippines says 2020 nickel output up 3%, warns outlook uncertain

Quarantine restrictions had prompted mining companies to reduce working hours and manpower, it said.

Published 23 Feb, 2021 11:59am

Forex

China's yuan firms as dollar dips ahead of Powell testimony

"If the exchange rate remains strong...this will continue to suppress exports and increase upward pressure on domestic asset prices.

Published 23 Feb, 2021 11:57am

Stocks

Reliance lifts Indian shares after five sessions of falls

The Nifty private sector banks index, which had fallen in the last five sessions, rose as much as 0.8%, led by a 1.2% climb in ICICI Bank.

Published 23 Feb, 2021 11:54am

Stocks

Asian stocks edge higher, led by rally in commodities

Cash Treasuries were not traded in Asia with Tokyo shut for holidays, but futures firmed slightly and showed an implied ten-year Treasury yield of 1.34%.

Published 23 Feb, 2021 11:51am

Commodities

China iron ore futures retreat as Tangshan city sounds pollution alert

"The strong pick-up in steel demand in 2021 amidst a robust and broad economic recovery will impede prices from crashing and will help them average at elevated levels this year," according to Fitch Solutions.

Published 23 Feb, 2021 11:49am

Stocks

Financials lift China stocks, but policy tightening worries persist

Market reaction to latest headlines on Sino-US relations was quite muted.

Published 23 Feb, 2021 11:46am

Energy

Oil prices jump more than $1 as US output struggles to fully restart

"It is hard not to be bullish with oil prices now that the deep freeze disruption practically guarantees the summer pickup in crude demand will erase whatever supply glut is left," said Edward Moya, senior market analyst at OANDA in New York.

Published 23 Feb, 2021 11:37am

Singapore's Jan headline inflation turns positive after nearly a year

The core inflation measure of the Monetary Authority of Singapore also picked up slightly, but was still down 0.2%, matching economists forecasts.

Published 23 Feb, 2021 11:32am

Bullion Rate

South Africa's Harmony Gold posts 211% jump in half-year profit

Headline earnings per share for the six months ended December 2020 rose by 211% to 775 cents per share compared with 249 cents a year earlier.

Published 23 Feb, 2021 11:28am

Companies

Huawei delivers 'slight' growth in challenging 2020, chairman says

Ren said the company saw positive growth and net profit in 2020.

Published 23 Feb, 2021 11:22am

Stocks

Indian shares snap five-day losing streak, Reliance gains

Analysts said the rally in commodity prices was supporting risk appetite.

Published 23 Feb, 2021 11:21am

Forex

Canadian dollar notches near 3-year high as commodities rally

Bank of Canada Governor Tiff Macklem is due to speak on Tuesday on the impact of the coronavirus crisis on the labor market.

Published 23 Feb, 2021 11:14am

Forex

Dollar hits six-week low as focus turns to Powell

"The broad dollar retains a heavy tone, expect the dollar index to continue testing the 90.00 support," said OCBC Bank strategist Terence Wu.

Published 23 Feb, 2021 11:12am

Forex

Australia, NZ dollars hover near multi-year highs amid commodity boom

Three-year futures were 2 ticks higher to 99.7550, and 10-year bond futures were 4 ticks higher 98.4350.

Published 23 Feb, 2021 11:09am

Energy

US oil may rise into $63.44-$64.15 range

On the daily chart, oil is rising towards the Jan. 8, 2020 high of $65.65.

Published 23 Feb, 2021 11:07am

5,340 MW of electricity added to grid under CPEC power projects

Out of a total of 22 projects, another eight are near completion and would pump in an additional 4,470 MW of electricity to the national grid.

Published 23 Feb, 2021 11:06am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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