Connect with us

Business

PSX: Bulls roam all over the bourse on the week’s 1st trading day!

Published

on

PSX

KARACHI: While senators elected chairman from Balochistan, lessening political noise emboldened bulls roam all over the bourse as a result benchmark KSE-100 closed in the green today (43,411) with an augmentation of 400 points.

Rs. 4.5b worth of 109.7m shares were traded today. The benchmark opened higher and showed bullish activity throughout the session, with Friday’s close of 43,011 points remaining the day’s low. The market reached a day’s high of 43,479 points near the close of trading.

Value of the shares of 189 companies augmented, 139 plummeted, while 23 remained stagnant. Chemical, Communication, Vanaspati & allied industries Sectors led the trading today with 24.17m, 12.43m and 9.60m shares respectively.

Today’s top five traders were: Lotte Chemical, 12.75m shares (+3.44pc); Unity Foods Ltd., 9.58m shares (-1.79pc); Nimir Resins, 7.59m shares (+12.48pc); WorldCall Telecom, 6.47m shares (+1.67pc); Byco Petroleum, 6.44m shares (-0.20pc).

Comments
Continue Reading
Advertisement

Business

Motor bikes and three-wheelers’ sale up by 16.18%

Published

on

ISLAMABAD: Sale of motorbikes and three wheelers in the country during first 11 months of current fiscal year (2017-18) increased by 16.18 percent as compared to the sale during July-May 2016-17. 
The motor bikes sale rose to 1,744,463 units during July-May 2017-18 compared to sale of 1,501,393 units in same period of previous year. On year-on-year basis, the motor bike and three wheelers’ sale in the country also rose to 169,298 units in May 2018 from 153,855 units in same month of last year, posting an increase of 10 per cent. According to details issued by Pakistan Automotive Manufacturing Association (PAMA), sale of Honda bikes surged by 19.15 per cent as it jumped to 1,058,839 units in Jul-May (2017-18) from 888,640 units in same period of previous year.
On year-on year basis, the sale of Honda bikes also soared to 105,161 units in May 2018 compared to the sale of $93,060 bikes in same month a year ago, showing an increase of 13 percent. Similarly, production of Suzuki two-wheelers also registered an increase of 17.5 per cent as it was recorded 19,657 units against the sale of 16,725 units in same period of last year, however DYL motorcycles’ sale fell by 21.68 per cent to 5,460 units during the period under review against the production of 6,972 units in same same period of previous year.
The sale of Yamaha motorcycles also increased to 19,832 units in Jul-May 2017-18 from 12,262 units in same period of previous year thus registering an increase of 61 per cent.
Sale of Ravi bikes also witnessed an increase of 32.1 percent as it increased to 26,606 units in July-May 2017-18 from 20,134 units in same period of previous year, whereas the sale of Roadprince bikes declined by 10 per cent from 189,803 units in July-May (2016-17) to 170,831 units in the period under review.
During July-May (2017-18), as many as 372,558 units of United Auto motorbikes were produced in the country against 298,329 units in same period of the preceding year, showing an increase of 24.9 per cent. Sale of Qingqi three-wheelers went down to 23,592 units in first 11 months of current fiscal year against 27,770 units in same period of previous year, posting a decrease of 15.04 percent.Sazgar three wheelers’ sale posted a slight increase of 1.32 percent as it rose to 19,964 units compared to 19,703 units in last year.
app
Comments
Continue Reading

Business

PSX: Bears stay put in the bourse!

Published

on

KARACHI: Benchmark KSE-100 Index closed in the red (41,637) losing 721 points on the week’s last trading day.

Rs. 7.65b worth of 179m shares changed hands today. Value of the shares of 238 companies plummeted, 79 augmented while 16 remained stagnant.

While Commercial Banking Sector led the trade with 43.2m shares, the five leading traders of the shares today were: K-Electric Ltd., 20.3m shares (-3.27pc); Bank Of Punjab, 15.9m shares (-2.74pc); Lotte Chemical Pakistan Ltd., 11.9m shares (-1.78pc); Summit Bank Ltd.,  9.1m shares (-1.38pc); Pakistan Elektron Ltd., 8.2m shares (-4.76pc).

Comments
Continue Reading

Asia

Belarus ready to supply 20K tonnes of beef to China annually

Published

on

MOLODECHNO: Belarus is ready to supply 20,000 tonnes of beef to China annually, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry said.

“In terms of beef supplies to China, we are limited by the number of certified companies. For the time being, there are only two of them. The Agriculture and Food Ministry is working to expand the list of such enterprises. This task is under control of the minister. As the number of companies that can supply beef to China increases, so will the volume of exports.

We are potentially ready to supply up to 20,000 tonnes of beef to China per year,” he told media. Belarusian enterprises seek to enter the Chinese market with finished goods not only with raw materials. “Of course, there are certain difficulties associated with the shelf-life of products.

Today we are working actively to reduce the delivery time using rail transport. Now the dairy industry is making great headway and has started to export finished products to China such as cheeses and packaged butter and are working to make inroads into the yogurt market. We are gradually expanding the range of products.

Today there is an interest in the shipments of Belarusian canned beef to China. This issue is under consideration,” Aleksei Bogdanov said.

_________________________________________________________________________________________
With an export of 220,000 tons, Belarus remained one of the world’s largest meat exporters: 

Comments
Continue Reading

News Pakistan Trending