Karachi: The cement sector recorded a downturn in June 2024, with dispatches falling to 3.55 million tons, marking a 13% year-over-year and a 17% month-over-month decrease. This contributed to an annual tally of 45.29 million tons for FY24, which, desp…
Karachi: The VIS Credit Rating Company Limited (VIS) has affirmed the entity ratings of The Searle Company Limited (TSCL) at ‘AA-/A-1’, reflecting high credit quality and a stable financial outlook. The long-term ‘AA-‘ rating denotes strong protection …
Karachi: VIS Credit Rating Company Ltd. (VIS) has reaffirmed the Broker Fiduciary Rating of Multiline Securities Limited (MSL) at ‘BFR3+’, indicating a stable outlook. This announcement follows the previous rating action from May 2, 2023, underscoring …
Karachi: Despite an expected sharp recovery in June sales for major auto assemblers like PSMC, INDU, and HCAR, FY24 total auto sales are anticipated to drop to a 21-year low. This comes amid sustained negative trends in auto financing and increasing ma…
Karachi: VIS Credit Rating Company Limited (VIS) has updated its entity ratings for Naveena Steel Mills (Pvt.) Limited (NSML) to ‘A-/A-2’ for medium to long-term and short-term respectively, reflecting good credit quality with sound liquidity factors. …
Karachi: The Karachi Stock Exchange (KSE-100) experienced a volatile trading day that began on a positive note, only to be interrupted by a fire at the PSX premises which caused trading to halt for approximately two hours. Despite the disruption, the m…