FLASHNEWS:

Day: September 24, 2024

Pakistani Rupee Fluctuates Amid Foreign Exchange Volatility

Karachi: The Exchange Companies Association of Pakistan reported fluctuations in the exchange rates of major currencies against the Pakistani Rupee over consecutive days, impacting traders and consumers alike.According to Exchange Companies Association…

KSE-100 Index Slides 224 Points Amid Volatile Trading Session

Karachi: The KSE-100 Index ended a volatile trading day with a decline of 224 points, closing at 81,851. The session witnessed the index initially rallying to a high of 389 points at 82,463, but then fell to a low of 526 points at 81,549.According to A…

BF Biosciences Ltd. Sets Stage for Initial Public Offering

Karachi: BF Biosciences Ltd. (BFBL), Pakistan’s inaugural biotech pharmaceutical company, is poised for its initial public offering (IPO) with a book-building process scheduled for September 25-26, 2024. The company aims to raise PKR 1.38 billion by of…

VIS Withdraws Credit Rating of Masood Textile Mills Limited

Karachi: VIS Credit Ratings Company Limited has announced the withdrawal of the entity rating ‘A/A-2’ for Masood Textile Mills Limited, effective immediately. This decision comes directly from the management’s choice to discontinue their engagement wit…