Karachi: The stock market opened the month on a positive note as the KSE indices showed modest gains, driven by a significant increase in turnover. The Karachi Stock Exchange’s KSE30 index rose marginally by 49.83 points, closing at 51,036.66, while t…
Karachi: In a move likely to increase the financial burden on citizens, the government has raised petrol and diesel prices by Rs4 amid ongoing economic challenges exacerbated by recent devastating floods. These natural disasters have inflicted losses …
Karachi: The Pakistan cement industry is currently experiencing a significant shift in its valuation metrics, sparking interest among investors and analysts alike. With an enterprise value (EV) per ton standing at US$55.6, the sector presents an intri…
Karachi: In a stunning development on the Pakistan Stock Exchange (PSX), the KSE100 index reached a historic peak of 165,640.34 points, marking a significant milestone for investors and stakeholders. This unprecedented level underscores the market’s r…
Karachi: In a significant breakthrough for Pakistan’s energy sector, the Oil and Gas Development Company Ltd (OGDC) has announced a major discovery of oil and gas at the Bitrism East-1 well in District Khairpur, Sindh.
The exploratory well, which w…
Islamabad: In a groundbreaking development in Pakistan’s telecommunications landscape, the Competition Commission of Pakistan (CCP) has sanctioned the acquisition of Telenor Pakistan by Pakistan Telecommunication Company Limited (PTCL). This pivotal a…
Karachi: The KSE-100 index achieved a remarkable milestone by reaching 165,494 points, signaling robust market growth. Opening on a strong note, the index maintained its upward trajectory throughout the trading session, hitting an intraday high of 2,7…