Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News

News :

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
The feature you requested does not exist. However, we suggest the following feature:

Trigger-less PSX session closes marginally up

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/26/2018 | 11:26am CEST

Worsening macros continued to weigh on investors' sentiments at the trigger-less Pakistan Stock Exchange on Tuesday as the government has yet to take concrete measures to contain depleting foreign exchange reserves which were down $295m WoW to $9.3b as of Sept 14, 2018. Consequently, stock market closed only marginally up, above 41,036 points.

Mari Petroleum (MARI) gained Rs42/share in its value as OGRA has notified well head gas prices for its normal gas level to Rs189/mmbtu wef Jul 01, 2018, up by 34% from last notified in Jan 2018. Cement sector contributed positively to the index amid chatter of increase in cement prices by Rs20-25 per bag. Select scripts that pulled the index up were MLCF (+3.3%), MARI (+2.8%), POL (+2.1%), LUCK (+1.6%) and PPL (+1%).

Market participation was marginally up by 3% to ~102m shares while value traded was down by 9% to $36.3m. Berger Paints (BERG) announced its 4QFY18 result posting consolidated EPS of Rs2.67, down 8% YoY. Decline in earnings were a result of 1) lower gross margins by 3ppts YoY to 23%, 2) jump in other expenses by 248% YoY, 3) lower sales by 4% YoY and 5) lower other income by 72% YoY. BERG also announced a cash dividend of Rs1.25/share with a bonus of 12.5%.

Gillette Pakistan (GLPL) posted its 4QFY18 result with LPS of Rs12 vs LPS of Rs9.14 in the similar period last year. To note, the company posted a full year EPS of Rs0.23.

© Pakistan Press International, source Asianet-Pakistan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
11:26aTrigger-less PSX session closes marginally up
AQ
11:26aCHINA SOUTHERN AIRLINES : Date of board meeting
PU
11:26aSINGAPORE EXCHANGE : SGX named Asia-Pacific Derivatives Exchange of the Year by GlobalCapital for fifth consecutive year
PU
11:26aRPC : A Dairy Delight
PU
11:26aMINISTRY OF FINANCE OF STATE OF JAPAN : Issuance of the Inflation-Indexed Bonds on October-December 2018
PU
11:26aTECHTRONIC INDUSTRIES : Next Day Disclosure Return(Equity issuer - changes in issued share capital and/or share buybacks)
PU
11:26aISE IRISH STOCK EXCHANGE : MHP Seeking to Acquire Perutnina Ptuj
PU
11:26aMINISTRY OF FINANCE OF STATE OF JAPAN : Issuance Amounts for Liquidity Enhancement Auctions on October-December 2018
PU
11:25aTRAVEL24.COM AG : Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]
EQ
11:23aSANOFI : MILITARY $52,992 Federal Contract Awarded to Sanofi Pasteur
AQ
Latest news
Advertisement