is said to be looking to launch the lender in two years and is now seeking a banking license.
is a financial services group focused on providing finance to the SME and professional services sectors.
Stocks that contributed negatively include BAFL (-8pts), INDU (-5pts), JLICL (-4pts), ICI (-2pts) and COLG
Colgate-Palmolive (Pakistan) Limited (COLG
+0.00pc) declared its financial results for the second quarter of fiscal year 2018-19 (FY19).
Top five scrips including LUCK (+1.9 percent), BAHL (+2.1 percent), COLG
(+5 percent), PAKT (+3.1 percent) and NESTLE (+0.7 percent) added 99 points to the index whereas stocks including HBL (-1 percent), OGDC (-1.5 percent), UBL (-1 percent), FFBL (-5 percent) and NRL (-3.1 percent) withheld 104 points from the index gain.
's interest in Therium comprises ordinary shares, preference shares and loans all of which will be sold for a total consideration of GBP 3.4m (USD 5.08m), of which GBP 1.7m is payable in cash on completion with the balance being deferred.
Whereas, positive scrip-wise contributions came from NESTLE (32 pts), HBL (21 pts), and COLG
Major drag to the 100 Index came from Financials (-2.33 per cent), Consumer Staples (-1.65 per cent), Materials (-1.09 per cent) and Energy (-1.06 per cent) amid selling pressure in HBL (-5 per cent), UBL (-4.51 per cent), MCB (-1.86 per cent), HMB (-2.96 per cent), PAKT (-5 per cent), COLG
(-3.78 per cent), LUCK (-3 per cent), ENGRO (-1.43 per cent), EFERT (-1.17 per cent), PPL (-1.81 per cent), POL (-0.98 per cent) and OGDC (-0.58 per cent).
OGDC (-4.8 percent), FFC (-3.6 percent), LUCK (-1.5 percent), PPL (-1.1 percent) and PSO (-2.1 percent) withheld 237 points from the index whereas stocks including ENGRO (+1.1 percent), COLG
(+4.6 percent), MARI (+1.2 percent), INDU (+1 percent) and SHFA (+2.2 percent) added 51 points to the index gain.
Stocks that contributed positively include PPL (+29 points), PAKT (+28 points), EPCL (+17 points), SEARL (+16 points) and COLG
On the flip side, COLG
(-5 per cent) took away 17 points.