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Business June 4, 2021 Stocks on Thursday ended hardly changed after opening on a strong note as investors rolled up capital gains across the board in an otherwise bullish market, dealers said. At Pakistan Stock Exchange (PSX), the benchmark KSE-100 Shares Index shed 0.07 percent or 33.37 points to close at 48,093.53 points. The ready market volumes stood at 889.93 million shares compared with the turnover of 1.04 billion shares in the last trading session. Topline Securities in its daily market review said range-bound activity prevailed at the bourse. Higher international oil prices and $200 million credit facility for housing sector proposed by World Bank led the market to open on a positive note and resulted in an intraday high of 307 points, the brokerage said. ....
Pennar Industries posts ₹33-cr Q4 net June 04, 2021 Ascent to invest $4.3 m for setting up PEB plant in US Pennar Industries Limited posted a profit of ₹33.32 crore for the fourth quarter ended March 31, against a profit of ₹1.03 crore in the corresponding quarter of last year on a consolidated basis. The company’s revenue was up 23.35 per cent at ₹556.79 crore (₹451.39 crore). However, the company profit and revenue for FY21 were lower due to Covid-driven disruption. Pennar closed FY21 with a steep drop in profit at ₹2.27 crore and revenue of ₹1,525.35 crore against a profit of ₹53.33 crore and revenue of ₹2,106.55 crore in FY20. The company sold a freehold land situated at Bandalguda in Hyderabad and the resultant profit of ₹19.96 crore has been disclosed as an exceptional item for the quarter and year ended March 31. ....