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Saudi Arabia wants to invest in CPEC

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ISLAMABAD: The Kingdom of Saudi Arabia is looking forward to investing in the multi-billion dollar China Pakistan Economic Corridor (CPEC) and Gwadar port projects,” Saudi ambassador to Pakistan Nawaf Said Ahmad Al-Malkiy said on Wednesday.

During an interview, Malkiy said CPEC was a huge project and would create many investment opportunities.

“Pakistan and Saudi Arabia are cooperating in military, economic and other sectors and their cooperation will increase further in the future,” the envoy said.

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PSX: Benchmark KSE-100 Index sheds 54 points on week’s 1st trading day!

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KARACHI: The looming specter of FATF meeting in Paris that could result in putting Pakistan on a watch-list enabled bear growl all over the bourse on week’s first trading day.

With a loss of 54 points, benchmark KSE-100 Index closed at 43,573. Rs. 5.1b worth of 126.9m shares were traded today. Value of the shares of 193 companies augmented, 140 plummeted, while 26 remained stagnant.

Food/Personal Care Products, Cement & Communication Sectors led the trading with 19.3m, 14.9m and 12.2m shares respectively. Top five traders of shares today were: Fauji Foods Ltd., 9.8m shares (+4.97pc); TRG Pak Ltd., 7.5m shares (-2.94pc); Matco Foods Ltd., 6.8m shares (+3.19pc); Dewan Salman, 6.6m shares (+3.53pc); Dewan Cement, 5.9m shares (-2.85pc).

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Swiss-Pak Bilateral Trade Up 7.5%; Crosses Half-a-Billion CHF Mark

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M.M.A

KARACHI: According to Swiss Federal Customs Administration latest statistics, bilateral trade between Pakistan and Switzerland during the year 2017 crossed half-a-billion mark; total CHF 518.5 Million due to volume increase of over 7.5%.

Main contributors:

i) Swiss pharmaceuticals and watches exports rose by 7.7% and 7.2% respectively.

ii) Pakistani textile exports were also all time high: CHF 109.86 Million; 30% more than 2016.

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PSX: Bulls shoo the bears off on week’s final trading day!

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KARACHI: Benchmark KSE-100 Index closed in the green (43,627) on the week’s last trading day with an augmentation of 685 points.

Rs.5.8b worth of 148m shares were traded today. Value of the shares of 243 companies augmented, 96 plummeted while 25 remained stagnant.

Communication, Banking & Chemical Sectors led the trade today with 23.6m, 18.3m and 13.5m shares.

Today’s top five traders of shares were: TRG Pak Ltd.,13.8m shares (+2.50pc); Azgard Nine Ltd., 11.3m shares (+4.30pc); Pak Stock Exchange, 5.7m shares (+0.37pc); Fauji Foods Ltd., 5.6m shares (+2.32pc); Hum Network, 5.6m shares (-0.32pc).

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