Karachi: KSE-100 index experienced a bearish session as it opened positively but remained volatile, concluding with a significant loss. The local bourse recorded a high of 220 points and a low of 675 points before settling down 635 points at 78,652. T…
Karachi: The KSE-100 index witnessed a notable decrease of 635 points, closing at 78,652, with a trading volume of 533 million shares. The market’s activity centered predominantly in the technology, cable, and textile spinning sectors, showcasing dive…
Karachi: Pakistan Refinery Ltd (PRL) conducted its FY23 analyst briefing today, disclosing a notable decline in earnings and outlining extensive plans for future upgrades. The refinery reported earnings of PkR1.82 billion for FY23, a significant decrea…
Karachi: In August 2024, the automobile industry in Pakistan experienced stagnant sales numbers, with a total of 11,600 units sold, mirroring the sales from the same period last year. This stagnation is attributed to a significant 33% year-over-year de…
Karachi: Indus Motor Company Limited (INDU) has reported a notable decline in its fiscal year 2024 sales, with gross margins improving significantly amidst challenging economic conditions. The company discussed these trends and its future outlook durin…
Karachi: The cement industry in Pakistan recorded a significant drop in dispatches in August 2024, with volumes falling to 3.37 million tons, marking a 26% decline from the previous year. This downturn is primarily attributed to reduced construction ac…