KARACHI: Maintaining that over 1000 mmcfd of gas out of 2,800 mmcfd produced by Sindh is diverted to other provinces, CM Murad Ali Shah said that was incurring heavy financial losses to the gas-producing province.
He was speaking at a session here today convened to prepare for CCI meeting: “If this 1,000 mmcfd gas of Sindh is not diverted to other provinces, Sindh can produce 5,000 megawatts of electricity from it at a rate of Rs8 per unit against Rs15 per unit which we are charged”, he held.
According to the CM Sindh Article 158 of the Constitution recognizes precedence of the right of utilization by the gas-producing province: “This right of our people has been denied”.
Lamenting that thousands of villages in Sindh was deprived of gas and electricity he demanded the implementation of Article 158. He said that a resolution apropos this matter would be presented before SA.
PSX: Rupee’s depreciation lets bulls stay in the bourse on week’s 3rd trading day!
KARACHI: Specter of rising dollar helped KSE-100 Index close in the green (44,646 points) on the week’s third trading day with an augmentation of 0.76%.
Rs.9.11 billion worth of 207.1m shares were traded. Today’s top five traders of shares were Lotte Chemical, 16.49m shares (+2.78pc); TRG Pak,14.84m shares (+4.10pc); Sui Southern Gas, 13.4m shares (+3.64pc); Unity Foods, 9.54m shares (+0.85pc); Nimir Resins: 9.48m shares (+2.31pc).
PSX: Bulls reign the bourse due to augmenting dollar rates!
KARACHI: KSE-100 Index closed in the green (44,310) with an increase of 770 points as the dollar rates augmented overnight.
Rs. 10.98b worth of 220m shares were traded today. Value of the shares of 209 shares augmented, 147 plummeted while 18 remained stagnant.
Chemicals, Banks, Technology and Cement shares led the trade today with 38m, 25.3m, 20.5m and 18.5m shares respectively.
Today’s top five traders of shares were: Nimir Resins, 15.2m shares (+5.22pc); TRG Pak, 13.4m shares (+3.98pc); Lotte Chemical, 13.2m shares (-2.51pc); Unity Foods, 10.5m shares (+2.55pc); Aisha Steel, 9.7m shares (+3.11pc).
PSX: Bulls enter the bourse on week’s first trading day!
KARACHI: KSE-100 Index closed in the green (43,540) on the week’s first trading day with an augmentation of 176 points.
Rs. 5.3b worth of 116m shares changed hands today. Value of the shares of 182 companies augmented, 180 plummeted while 15 remained stagnant.
Top five traders of shares today were: Lotte Chemical, 20.1m shares (+3.40pc); Nimir Resins, 9.5m shares (+9.57pc); Fauji Foods Ltd., 6.0m shares traded [+3.48pc]; Faysal Bank: 4.4m shares (-0.82pc); TRG Pak Ltd., 4.4m shares (+2.11pc).