Dubai Financial Market posts net profit of AED 137.9 million in 2020

Foreign investors accounted for 50% of trading and 19% of market capitalization DUBAI: Dubai Financial Market Company (PJSC) announced its results for the financial year ending 31 December 2020, posting…

NNR February 3, 2021

Widam Food imports third shipment of livestock

DOHA- QATAR: Widam Food Company, the main importer of meat to the State of Qatar, announced receiving a shipment of Sudanese 1600 heads of livestock. This shipment is the third…

NNR February 2, 2021

HUBC initials agreement with CPPA-G in furtherance of MoU

§ According to the notice by Hub Power Company Limited (HUBC) to the PSX, CPPA-G and HUBC have initialed an agreement in furtherance of the MoU signed on August 21,…

NNR February 2, 2021

Petroleum products sales rise 11% YoY during 7MFY21

Total petroleum products (POL) sales during 7MFY21 increased by 11% YoY to 11.27mn tons with growth seen across all major fuel segments. In the ongoing gas crisis, it is not…

NNR February 2, 2021

Lucky’s Pezu plant capacity to be enhanced by 3.15Mn tons pa.

§ Lucky Cement Limited (LUCK) has announced it will increase its Pezu Plant’s (located in the KPK) capacity by 3.15Mn tons pa, taking the total plant capacity to 10Mn tons…

NNR February 1, 2021

January automobile sales likely to post 44% growth

Pakistan’s auto sales (cars, LCVs and jeeps) are likely to post stunning growth of 44% YoY in January, 2021. The sales estimates exclude KIA and Hyundai numbers. Total sales during…

NNR February 1, 2021

Pakistan Fertilizers: All about “Yields”

Agriculture and fertilizer sector remained strong during the COVID-19 crisis. Despite challenges on supply chain front global fertilizer offtake witnessed growth of ~2% during FY20. Agriculture sector plays an important…

NNR February 1, 2021

Pakistan CPI falls to 5.65% YoY during January

Headline inflation declined to 5.65% YoY (down 0.21% MoM) in January, compared to 7.97% YoY in December, beating market expectations of around 6.0% YoY. Most of the sequential decline in…

NNR February 1, 2021

Orascom Construction gets $920 million new contract awards for Q4 2020

DUBAI: Orascom Construction (OC) announced that it has added approximately USD920 million of new awards to its backlog in Q4 2020. The estimated consolidated backlog stood at USD 5.3 billion…

NNR February 1, 2021

PSX 2nd best performing market in the region

Pakistan stock market emerges as 2nd best performing market in the region and 7th best performing market in the world. Historically we have seen healthy returns during the month of…

NNR January 30, 2021

Visa eCommerce Summit declares digitally-enabled businesses best positioned for growth

DUBAI: Building on the surge in digital commerce since the start of the pandemic, Visa (NYSE: V), the world leader in digital payments, hosted the third edition of its eCommerce…

NNR January 29, 2021

Headline inflation expected at 5.87% YoY in Jan’21

We expect Jan’21 inflation to settle at 5.87% YoY compared to 14.56% in Jan’20 and 7.97% in Dec’20, respectively. This will take the 7MFY21 average inflation to 8.2% compared to…

NNR January 29, 2021