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Category: Fund News

VIS Credit Rating Withdraws Agha Steel’s Short-Term Sukuk Rating

Karachi, VIS Credit Rating Company Limited has officially withdrawn the ‘A-1’ (‘A-One’) rating previously assigned to the Short-term Sukuk instrument of Agha Steel Industries Limited (ASIL), following a management decision to discontinue the rating.Acc…

Profit-Taking Leads to Dip in KSE100 Index Despite Record Highs

Karachi, The Karachi Stock Exchange’s benchmark KSE100 index experienced a decline, closing 137 points down at 67,005, following a session of profit-taking across the board. This movement comes after the index recently reached an all-time high, indicat…

Systems Limited Forecasts Lower Profit Margins Amid Rapid Growth

Karachi, Systems Limited (SYS) unveiled its financial results for the calendar year 2023 (CY23), reporting a consolidated profit of Rs8.7 billion, an increase of 31% year-on-year (YoY). The announcement followed a corporate briefing that provided insig…

Cement Sector Shows Signs of Recovery, KSE-100 Poised for Upswing

Karachi, The Karachi Stock Exchange’s KSE-100 index is on a path to potentially surpass its recent peak, signaling a promising outlook for the near future, especially within the cement sector. Analysts predict a significant recovery, with technical ind…

Power Generation Costs Normalize Amid Decreased Demand

Karachi, This month has seen a normalization in power generation costs despite a noticeable decrease in power generation on both a month-on-month and year-on-year basis. February’s figures revealed a 14% drop from the previous month and an 8% decrease …