KSE 100 index up 185 points in early trade

Pakistan’s benchmark, KSE-100 has started its day on a positive note as it has gained more than 185 points during the first hour of trading in today’s session.

The index is currently trading at 42,318.61 level.

Pakistan State Oil (PSO) has introduced RON 97 high octane petrol under the brand name “Altron X Hi- Octane 97”. However, Altron X Hi- Octane 97 will be replacing RON 95. This new fuel reduces the environmental impact due to lower emission, it is currently available at selected PSO outlets across the country.

Prime Minister Shahid Khaqan Abbasi Monday witnessed the signing ceremony of Deed of Assignment of 25% Participating Interest in Offshore Indus 6 (Block 2265-1).The Deed of Assignment was executed among the Directorate General Petroleum Concession, Ministry of Energy-Petroleum Division, GHPL, Eni Pakistan Ltd (8.34%), Exxon Mobil Exploration and Production Pakistan BV, OGDCL (8.33%) and PPL (8.33%) to effectuate the transfer of Participating Interest. The Offshore lndus G (Block 2265-1) is considered one of the most promising blocks in offshore Pakistan. An ultra-deep exploration well is planned to be spud in the first quarter of 2019 in the Block for which preparations were underway

According to the latest data released by the National Fertilizer Dispatch Development Centre, total nutrient offtake during April, 2018 was about 260 thousand tonnes, which was 21.2 per cent higher than April, 2017. Furthermore, Nitrogen Offtake increased by 38.2 per cent over April 2017, while phosphate and potash offtake decreased by 20.9 and 37.8 per cent respectively. In product terms, urea offtake was 375 thousand tonnes; which was 50.3 per cent higher when compared with same timeframe of last year. Total DAP offtake was 69 thousand tonnes witnessing a decrease of 28.2 per cent over April, 2017.