Karachi ports handle 210,629 tons of cargo

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The Karachi Port and Port Qasim handled a cargo volume of 210,629 tons during the last 24 hours that included 167,665 tons of imports and 42,964 tons of exports, the two ports reported on Wednesday.

 

Accordingly, the Karachi Port handled imports, including containerised cargo (49,833 tons), bulk cargo (1,303 tons), coal (29,150 tons) and sulphur (1,998 tons). It handled exports, including containerised cargo (18,998 tons), bulk cargo (311 tons) and cement (744 tons).

 

Port Qasim handled imports, including furnace oil (45,328 tons), chemicals (8,952 tons) and containerised cargo (31,101 tons). It handled exports, including containerised cargo (22,911 tons). Berth occupancy was measured at 55 percent at the port on Wednesday, the Port Qasim Authority reported.

 

It said that it moored three ships during the last 24 hours, which were carrying containers and chemicals. With this, a total of six ships loaded and offloaded containers, chemicals, iron ore and furnace oil.

 

Besides, another two ships, carrying containers and edible oil, also arrived at the outer anchorage of the port during the last 24 hours, it said.

 

The Karachi Port Trust said that it berthed three ships in the last 24 hours, which were carrying containers and vehicles, while another seven ships, carrying containers, ethanol and coal are expected to arrive at the port in the next 24 hours.

 

Engro Corporation

 

Engro Corporation remained the hot stock of the day for sellers and closed at the lower lock with a decline of five percent.

 

More than 5.14 million shares of Engro Corporation were sold in the market with a fall of Rs8.83, or five percent, to close at Rs167.78 per share in the market.

 

An analyst said that Engro shares declined for the second consecutive session, as there were rumours about non supply of enhanced gas to one of its plants, which it is likely to renegotiate with the government.

 

National Bank of Pakistan

 

The National Bank of Pakistan also remained the hot stock of the day with an increase of 52 paisas in its share price to close at Rs55.55 per share.

 

More than 21.96 million shares of the bank were traded in the market with an increase of 52 paisas to close at Rs55.55 per share. An analyst said that at the time of across the board negative activity in the market, an increase in the share price of NBP shows investors’ expectation for better results.



Courtesy:  The news


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