Skip to main content

Zarea Limited will be listed today

Zarea Limited will be listed today and will trade under symbol ZAL. Opening Price Rs. 16.5

Excerpt from Prospectus of Zarea Ltd.........."ZL is a Digital Technology Company that specializes in B2B commodity trading in Pakistan. ZL provides a platform that connects B2B buyers and sellers through its website (Zarea.pk) and mobile app (Zarea). The platform is accessible for everyone, and the Company charges a Platform Usage Fee (PUF) on each transaction completed on its platform, earning revenue. For each commodity, PUF is charged as a fixed percentage of the total value of the transaction and is part of the gross transaction value charged to the customer. This fixed percentage varies for each commodity and ranges between 1% to 10%. Typically, the PUF is collected at the time of delivery, and since delivery may be carried out by a logistics provider or supplier, the collection is carried out by them. Since its inception in 2020, ZL has successfully dealt with four commodity sectors: Cement, Agri Biomass, Steel, and Other Building & Finishing materials, and has plans to introduce more commodities as mentioned in Section 4A(iv)."

https://www.psx.com.pk/psx/themes/psx/uploads/Prospectus-Zarea-Limited-Clean.pdf




Popular posts from this blog

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.
 A Snapshot of Exchange Traded Funds at PSX

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.