Karachi: The recent appreciation of the Japanese Yen is anticipated to have a minimal impact on the profit margins of Pakistani automobile original equipment manufacturers (OEMs), despite potential increases in manufacturing costs.According to AKD Secu…
Karachi: Engro Fertilizers Ltd. has initiated an unscheduled five-day maintenance shutdown at its base plant, which is anticipated to affect its urea production and earnings slightly.According to AKD Securities Limited, the temporary closure is expecte…
Karachi: The Pakistani Stock Exchange (PSX) experienced notable gains during Tuesday’s trading, driven by strong activity in the Auto and Tech sectors. However, these gains were tempered by profit-taking amidst global political tensions, resulting in a…
Karachi: Engro Fertilizer Limited (EFERT) experienced a significant decline in its earnings for the second quarter of 2024, primarily due to extensive maintenance activities and production downturns at its Enven plant. The facility, responsible for 60-…
Karachi: Cement dispatches for July 2024 registered a 6.8% year-on-year decline, totaling 3.01 million tons due to a slowdown in construction activities influenced by high costs and elevated interest rates. Additionally, protests by cement retailers ag…