New record: KSE-100 crosses 97,000 mark as investors dismiss political noise Fertiliser sector leads the buying rally Updated 21 Nov, 2024 04:06pm
Markets Expanding renewables: Kohat Cement installs 5.34 MW solar power plant Kohat Cement Company Limited (KOHC) has installed and commissioned a 5.34 MW on-grid solar power plant. The cement... Updated 20 Nov, 2024 03:31pm
Markets KSE-100 reaches another record high, closes shy of 95,000 Some buying momentum was seen at the Pakistan Stock Exchange (PSX) as its benchmark KSE-100 Index closed higher by... Updated 18 Nov, 2024 10:33pm
Markets PPL discovers hydrocarbon reserves in Sujawal Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has discovered hydrocarbon reserves from Pateji... Updated 15 Nov, 2024 07:43pm
Business & Finance BAFL operations in Bangladesh: central banks give green signal for due diligence facilitation The central banks of Pakistan and Bangladesh have granted in-principle approval to Bank Alfalah Limited (BAFL) to... Updated 15 Nov, 2024 04:42pm
Business & Finance Sazgar Engineering plans Rs1.5bn land purchase for future expansion Sazgar Engineering Works Limited (SAZEW), a Pakistani auto manufacturer, has announced plans to purchase land valued... Updated 14 Nov, 2024 08:52pm
Business & Finance Bank Alfalah withdraws intention to acquire stake in Samba Bank as SNB halts divestment Bank Alfalah Limited (BAFL), one of Pakistan’s largest commercial banks, has withdrawn its public announcement of... Updated 14 Nov, 2024 10:59pm
Markets KSE-100 closes marginally higher in choppy trading The Pakistan Stock Exchange (PSX) witnessed choppy trading on Wednesday, allowing the index to close with a marginal... Updated 13 Nov, 2024 10:01pm
Markets Deals with IPPs: Rousch Power approves early termination of govt agreements Company to pursue negotiated settlement Updated 13 Nov, 2024 10:50pm
Business & Finance CCL Holding submits public intention to acquire 50% stake, control in Mitchells Fruit Farms Mere hours after Mitchells Fruit Farms Ltd (MFFL) said its majority shareholders were looking to divest their stake,... Updated 13 Nov, 2024 10:53pm
Business & Finance Fauji Foundation withdraws intention to acquire shares in Agha Steel Industries Fauji Foundation, one of Pakistan’s largest conglomerates, has withdrawn its public announcement of intention (PAI)... Updated 12 Nov, 2024 07:02pm
Business & Finance SBP approves TPL Corp, Abhi’s acquisition of FINCA Microfinance Bank The State Bank of Pakistan (SBP) has given its final approval to TPL Corp Limited (TPL), a Pakistani financial... Updated 12 Nov, 2024 06:16pm
Business & Finance IGI Holdings to purchase stake in Packages Limited for Rs2.6bn IGI Holdings Limited (IGIHL) – formerly IGI Insurance Limited – has entered into a Share Purchase Agreement (SPA)... Updated 12 Nov, 2024 07:03pm
Business & Finance Saudi National Bank terminates plan to divest stake in Samba Pakistan Saudi National Bank (SNB) has terminated the process for the sale of its equity stake in Samba Pakistan. The... Updated 12 Nov, 2024 10:46pm
Markets Attock Refinery denies sale rumours, share price plummets Company clarifies that no such matter is under consideration Updated 11 Nov, 2024 10:43pm
Markets KSE-100 retreats after briefly touching 94,000 but still closes at record high Benchmark index settles at 93,648.33, up by 357 points as compared to previous close Updated 11 Nov, 2024 11:08pm
Markets Record-setting spree continues, KSE-100 closes above 93,000 for first time The Pakistan Stock Exchange (PSX) maintained its upward trajectory with the benchmark KSE-100 Index closing above... Updated 08 Nov, 2024 10:03pm
Business & Finance Reko Diq Mining Company approaches PIBT for cargo handling Reko Diq Mining Company (Private) Limited has chosen Pakistan International Bulk Terminal Limited (PIBT) as the... Updated 08 Nov, 2024 10:32pm
Business & Finance Silkbank’s board grants in-principle approval for UBL merger The Board of Directors (BoD) of Silkbank Limited have granted their in-principle approval for a potential merger... Published 06 Nov, 2024 02:45pm
Markets Farrukh Sabzwari appointed Pakistan Stock Exchange (PSX) CEO Farrukh H. Sabzwari has been appointed Chief Executive Officer (CEO) of the Pakistan Stock Exchange Company Limited... Updated 05 Nov, 2024 10:36pm
Markets PPL secures 10-year lease for Sui Gas Field Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has received approval for a Development and... Updated 04 Nov, 2024 05:45pm
Business & Finance Pakistan’s chemical maker Ghani to establish LPG storage facility in Punjab Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, announced... Updated 04 Nov, 2024 05:15pm
Business & Finance Siemens AG acquires additional stake in Pakistan’s subsidiary for Rs1.7bn Siemens AG, a German multinational technology conglomerate, has acquired an additional stake in Siemens (Pakistan)... Published 01 Nov, 2024 04:38pm
Markets Stocks rebound on late-session buying, KSE-100 closes nearly 1,900 points higher Expectations of a significant policy rate cut in the upcoming Monetary Policy Committee (MPC) meeting fuelled a... Updated 01 Nov, 2024 09:29pm
Business & Finance UBL submits merger offer to Silkbank Proposes share swap for amalgamation Updated 01 Nov, 2024 11:01pm
Markets Profit-taking persists, KSE-100 loses 1,320 points to close below 89,000 Profit-taking dominated proceedings at the Pakistan Stock Exchange (PSX) for the second straight session on... Updated 31 Oct, 2024 11:00pm
Markets Indus Motor temporarily halts operations citing inventory shortage Indus Motor Company (INDU), the manufacturer/assembler of Toyota vehicles in Pakistan, has announced to suspend its... Updated 28 Oct, 2024 10:16pm
Business & Finance Indus Motor Company’s profit up 58% at Rs5.09bn in 1QFY25 Indus Motor Company (IMC) reported a profit of Rs5.09 billion for the quarter ended September 30, 2024 (1QFY25), an... Updated 28 Oct, 2024 12:11pm
Business & Finance OGDC’s profit down 16% in 1QFY25 amid lower sales Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,... Updated 25 Oct, 2024 07:30pm
Markets Lotte Chemical’s profit plunges 75% in 3QCY24 Despite higher revenue, Lotte Chemical Pakistan Limited (LOTCHEM), a subsidiary of South Korean chemical giant Lotte... Updated 25 Oct, 2024 10:46pm