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

By MG News | January 08, 2018 at 12:28 PM GMT+05:00

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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.

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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.

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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
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USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%