Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for major currencies in the open market as of April 22, 2025. The data, sourced from the State Bank of Pakistan, indicates consistent buying and selling…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Umar Spinning Mills Private Limited at ‘BBB+/A2’, indicating adequate credit quality and good likelihood of timely repayment of short-term obligations. The outlook remain…
Karachi: BankIslami, a major player in the country’s Islamic banking sector, announced a Profit Before Tax (PBT) of PKR 5.49 billion for the first quarter ending March 31, 2025. Demonstrating a robust start to the year, the bank reported a 6.3% increa…
Karachi: VIS Credit Rating Company Limited (VIS) has assigned an “A1” rating to the Short Term Sukuk (STS) issued by RYK Mills Limited (RYKML). The rating, finalized on April 22, 2025, reflects a strong likelihood of timely repayment of the company’s …
Karachi: VIS Credit Rating Company Limited has placed the ratings of Mehboob Steel Pipe Industry under review. This decision follows a 12-month surveillance period during which detailed information was awaited to reach a conclusive evaluation.
The r…
Karachi: The KSE-100 index experienced a significant rise yesterday, gaining 1,068 points to close at 118,383 points with a robust trading volume of 671 million shares. The strong performance was attributed to notable price changes in companies such a…
Karachi: The KSE-100 index demonstrated a robust performance in the latest trading session, bolstered by a substantial increase in trading volumes and a positive technical outlook. Closing with a gain of 1,068 points at 118,383, the index reached an i…