SHOULD corporate entities that earn massive profits be forced to pay dividends to its stockholders? The question has been a subject of debate. While the boards of directors vehemently refuse to bow to such a suggestion, investors, particularly the small shareholders, clamour for a payout.
In numerous annual general meetings (AGMs), small investors are seen to group together and refuse to approve the accounts where companies do not remunerate them. They have to be pacified with “gifts and giveaways” that are as petty as a few kilos of sugar if it’s a sugar company or a shalwar-kameez suit in case of a textile company.
Fertiliser supply expected to stay above demand thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Business January 7, 2021
Stocks on Wednesday ended near three-year high as a surprise oil surge fired up energy sector that was later joined by cements on price hike hopes and banks because of strong earnings outlook, dealers said.
Benchmark KSE-100 shares index hit a high of 1.13 percent or 502.99 points to close at 45,153.42 points at Pakistan Stock Exchange (PSX). Volumes increased to 664.538 million shares, from 582.367 million shares on Tuesday. KSE-30 gained 1.14 percent or 212.97 points to end at 18,921.67 points.
Ovais Ahsan, chief executive officer at Optimus Capital Management, said oil and gas exploration sector led the rally initially tracking an up to 5 percent upsurge in crude oil overnight, mainly spurred by Saudi Arabia’s announcement of a surprise production cut.
Stocks enter New Year with a bang on energy strength
Business January 2, 2021
Stocks on Friday soared to enter 2021 with a bang led by energy and power sectors that cheered reports that government and private power producers have found a sweet spot to move ahead with an agreement to clear the circular debt of the power sector, dealers said.
Pakistan Stock Exchange’s (PSX) benchmark KSE-100 shares index gained 1.55 percent or 679.42 points to close at 44.434.80 points. Volumes increased to 642.622 million shares, from 578.250 million shares on Thursday. KSE-30 also hit a high of 2.22 percent or 404.01 points to end at 18,584.01 points.
Ovais Ahsan, chief executive officer at Optimus Capital Management, said the market started 2021 on a bullish note on the back of positive news flow in the energy sector and easing inflation numbers”.