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: 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: 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…
Karachi: The KSE-100 index witnessed a significant rise, closing at 78,848, which is an increase of 492 points from the previous day. Trading volumes also soared, reaching 970 million shares, up from 437 million shares in the last session. This perfor…
Karachi: The KSE-100 Index witnessed a significant gain of 492 points yesterday, closing at 78,848 with a trading volume of 967 million shares. Notable performances were observed in sectors such as technology, investment banks, and textile spinning, r…