Lahore: In a significant move that could impact cement prices regionally, the Punjab government has revised the royalty rates on limestone, a key component in cement production. The new rate has been set at 6% of the ex-factory sales price of cement or…
Karachi: Pak Suzuki Motor Company Limited has maintained its robust entity ratings due to its significant market position and the backing of its foreign sponsor, Suzuki Motor Corporation, Japan, despite facing various challenges in the automotive secto…
Karachi: The KSE-100 index experienced a sharp decline, closing down by 742 points at 77,887 in a session dominated by bearish trends. Trading volumes rose significantly, with 383 million shares changing hands compared to the previous session’s 313 mi…
Karachi: The KSE-100 index suffered a notable decline, dropping 742 points to close at 77,887 amidst a trading volume of 382 million shares. The movement was influenced by various factors including sector performances and broader economic updates.
A…
Karachi: The KSE-100 Index reached an all-time high of 81,840 in July 2024, a 4.3% increase from June’s close, showcasing a strong market performance. However, increased political noise this month eroded these gains, bringing the index nearly flat mon…
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…