Karachi: Exide Pakistan Ltd. showcased significant financial growth in its MY24 performance during an analyst briefing today, with a notable increase in revenues and gross margins. The company reported a topline of PKR 26 billion, marking a 10% increas…
Karachi: The VIS Credit Rating Company Limited (VIS) has finalized the short-term rating for Pakistan Telecommunication Company Limited’s (PTCL) fifth Short Term Sukuk (STS-V) at ‘A-1+’, the highest rating for short-term financial instruments. This rat…
Karachi: The Pakistan stock market endured a volatile week, heavily impacted by ongoing political uncertainties, closing with significant losses. The benchmark index saw a decline of 2,088 points, a 2.61% drop, finishing at 78,029 points. Amidst financ…
Lahore: Nishat Mills Ltd. (NML) is set to realign its investment strategy by divesting its stake in Nishat Chunian Ltd. (NCL) and increasing its holdings in Nishat Chunian Power Ltd. (NCPL). This strategic move is slated for approval at an Extraordinar…
Islamabad: Pakistan’s monetary policy is expected to remain steady in the near term, with the State Bank of Pakistan (SBP) likely to adopt a cautious wait-and-see approach in the upcoming Monetary Policy Committee (MPC) meeting due to emerging inflati…
Karachi: The KSE-100 Index closed with significant gains in its latest trading session, showcasing a bullish momentum throughout the day. The session ended on a high note with the index up by 410 points, settling at 79,397 points, although trading vol…