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Family business in Pakistani-V Wazir Ali, Sattar, Gandhara, Nishat, Beco and Gul Ahmed Groups | By Ikram Sehgal

Pakistan's Trucks Are Vibrant, Bedazzled Works of Art

Market watch: Stock market undergoes correction

Market watch: Stock market undergoes correction Benchmark KSE-100 index drops 64.36 points to close at 48,126.90 KARACHI: The three-day winning streak at the Pakistan Stock Exchange (PSX) came to an end on Wednesday with a slight drop of over 60 points in the benchmark KSE-100 index amid a lack of positive triggers. The index displayed volatility and moved between intra-day high and low of 95 and 231 points respectively. Absence of positive cues kept investors cautious throughout the trading session. Profit-booking was noted in cement, exploration and production and fertiliser sectors. Earlier, taking cue from Tuesday’s performance, stock trading began on a bullish note, but bears soon took over and dominated market proceedings throughout the session.

"Made in Bangladesh" cars: how far are we?

Stalled prospects Although the companies mentioned above are already producing or soon to start production, many other local automotive ventures had their venture abruptly halted because of the ongoing pandemic. Bangladesh Auto Industries Ltd. (BAIL), was planning to establish an electric vehicle factory on Bangabandhu Industrial Park. With an initial investment of $200 million that would total to $1 billion within the next five years, the company planned to manufacture from two-wheelers to sedans, SUVs, pick-ups, mini-trucks, and multipurpose vehicles. Unfortunately, the pandemic slowed down BAIL s plans considerably, with all plans being moved back a year. In an interview with The Daily Star Mir Masud Kabir, managing director of BAIL, said We missed the target as the suppliers could not ship the required equipment on time even though we opened letters of credit earlier on, said Mir Masud Kabir, managing director of BAIL. We were on track before the Covid-19 crisis hit but the

The closely spaced peaks and valleys of PSX - Newspaper

The small unsuspecting investor who ventured into the market to make a fortune lost all their savings and departed beaten and bruised. AFP/File Keeping aside last Friday’s relief rally, the first four days of the trading week witnessed a selling spree that eroded a staggering 3,058 points or 6.7 per cent from the index, showing the highest four-day loss since March 18, 2020 when the lockdowns were first clamped to stem the spread of Covid-19. Analysts and major market participants who were in truth unable to defend or define the bloodbath mumbled that it was all due to higher inflation, political uncertainty, rise in Covid-19 cases and so on.