selling

Full-day report: Stocks slide amidst sustained selling pressure

Full-day report: Stocks slide amidst sustained selling pressure

The Pakistan Stock Exchange saw renewed selling pressure on the penultimate trading session of the week, with the benchmark KSE-100 Index losing 507 points, more than 1pc, to once again close below the 48,000 points level at 47,950.58. More than 88.6 million shares of indexed companies were traded, worth more than Rs8.37 billion. “After rallying […]

SC bars Utility Stores from selling cooking oil

SC bars Utility Stores from selling cooking oil

The Supreme Court of Pakistan on Tuesday heard a case regarding the sale of ‘substandard’ cooking oil and ghee products in Utility Stores Corporation (USC) outlets across the country. The lawyer representing USC, Mustafa Ramday, submitted a report on the oil being sold during proceedings. Chief Justice of Pakistan Justice Mian Saqib Nisar told the […]