Karachi: The KSE-100 index closed lower, dropping 578 points to settle at 90,287 after reaching an intraday high of 91,873. A technical Engulfing Bear pattern emerged, suggesting a possible correction. Confirmation of a downtrend may occur if the inde…
Karachi: Pakistan State Oil (PSO) reported significant progress in revenue collection for the third consecutive quarter, with total trade receivables declining by PkR80 billion from December 2023’s peak of PkR548 billion. This reduction, driven by col…
Karachi: Financial professionals are preparing for a significant reduction in the Policy Rate in the upcoming November 4 Monetary Policy announcement, with a majority predicting a cut of at least 200 basis points. A substantial portion of experts anti…
Islamabad: Mari Petroleum Company Limited (MARI) reported its first quarter financial results for FY25, showing a Profit After Tax (PAT) of PkR19.2 billion, or an earnings per share (EPS) of PkR16.0. The company’s quarterly earnings remained largely f…
Lahore: MCB Limited presented its financial results for the first nine months of 2024, detailing a 9.8% year-over-year increase in profits to PkR48.6 billion. This growth was driven primarily by a rise in Net Mark-up Income and Non-Interest Income, de…
Karachi: United Bank Limited (UBL) today shared its financial results and future outlook for the first nine months of fiscal year 2024 during an analyst briefing. The bank reported a significant 35% year-over-year increase in unconsolidated profits, r…
Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Zahidjee Textile Mills Limited, maintaining its long-term and short-term ratings at ‘A’ and ‘A1’ respectively. The outlook for the company remains stable…