February 20, 2024 (MLN): The overall pharmaceutical sector surged around 7%, with all companies included in the KSE-100 index hitting their upper circuit in today's intraday session after the government relaxed drug pricing policy.
Yesterday, the government announced to allow pharmaceutical companies to sell medicines that are not included in the National List of Essential Medicines (NEML) at prices fixed by themselves.
| Symbol | Last Price | Pct Change |
|---|---|---|
| GLAXO | 84.93 | 7.51% |
| MACTER | 89.23 | 7.51% |
| ABOT | 445.1 | 7.50% |
| AGP | 73.11 | 7.50% |
| FEROZ | 239.73 | 7.50% |
| HALEON | 204.25 | 7.50% |
| HINOON | 505.3 | 7.50% |
| SEARL | 49.62 | 7.50% |
| IBLHL | 32.27 | 7.50% |
| CPHL | 22.97 | 7.49% |
| OTSU | 139.5 | 2.36% |
| HPL | 1,320.00 | 0.00% |
The sector has lagged behind the broader KSE-100 index, with a gain of just 20% in the past year, compared to a significant advance of 50% by the KSE-100 index.
Copyright Mettis Link News
Posted on:2024-02-20T11:44:35+05:00
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