SSGC and SNGP rise 4.98% & 5.00% on the back of new deals

As reported by MG Link News after the market hours on Friday, Prime Minister Shahid Khaqan Abbasi approved financing plan for 1.2 Billion Cubic Feet per Day (BCFD) capacity RLNG-III pipeline project (Karachi to Lahore) to be undertaken by SSGCL and SNGPL. The ECC directed Petroleum Division to also examine the possibility of Public-Private Partnership for the project.

Sui Southern Gas Company SSGC gained more than +4.98% reaching its upper lock trading with average volumes of the week.

Sui Northern Gas Company SNGP, the other company that is part of the 39 billion Rupees project, also attracted a lot of interest from investors as it gained +5.00% within the first three hours of trading.  

Posted on: 2018-01-08T12:28:00+05:00