Karachi: The banking sector is set to maintain robust dividend payouts in the second quarter of 2024, with AKD Securities projecting a significant 26% year-over-year jump in net profit after tax (NPAT) for its banking universe. The anticipated NPAT for…
Karachi: Fauji Fertilizer Company Ltd. (FFC) has posted significant gains in its 2QCY24 financial results, revealing a substantial increase in earnings and announcing the highest quarterly dividend payout in the company’s history. The results indicate …
Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings for KSF Trizone Industries (Pvt) Limited at ‘BBB+/A-2’, indicating an adequate credit quality and good certainty of timely payment. The ratings reflect the company’s rea…
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…