KARACHI: South Korea’s Lotte Chemical has sold approximately 75 per cent of its stake in its Pakistani subsidiary to Dubai-based PTA Global Holding for $68.94 million (98 billion won), the company announced on Thursday. The move is part of Lotte Chemical’s portfolio restructuring under a government-backed programme aimed at supporting loss-making petrochemical operations amid weak […]
Lotte Chemical
KSE-100 sheds 147 points in directionless trading session
The stock market remained range-bound and directionless throughout the trading session on Thursday. The KSE-100 index fell by 147.39 points or 0.42 percent and closed at 34,887.64 points. An equity analyst at Next Securities said news reports that Pak-IMF deal may be announced on Friday also failed to excite investors, given the tough terms that […]
PSX starts week on bearish note, sheds 391 points
Pakistan equities closed Monday on a negative note with benchmark KSE-100 Index losing 391 points, closing at 36,902 levels, down 1 percent. The local bourse remained volatile throughout the trading session making a high and a low of +187 & -453 points, respectively. From the Oil Marketing Company (OMC) sector, Sui Northern Gas pipelines Limited […]
PSX lands in red as KSE-Index sheds 629 points
Pakistan equities closed Wednesday on a negative note with benchmark KSE-100 Index shedding 629 points, closing at 36,752 levels, down 1.7 percent. The local bourse made a high and a low of +37 & -690 points, respectively. Market came under pressure on the lack of clarity on the economic front. Moreover, banking sector led the […]