Shahbaz Ashraf

Shahbaz Ashraf

Market cautious: PSX enters consolidation phase pre-budget
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Market cautious: PSX enters consolidation phase pre-budget

The benchmark KSE-100 index closed the week down by 546 points, marking a 0.46% decline, settling at 119,103

Pakistan stock market hits record high, closes up 11.6%
Markets

Pakistan stock market hits record high, closes up 11.6%

The Pakistan Stock Exchange witnessed a remarkable surge this week, fueled by two major developments

Pakistan-India escalation pushes Pakistan’s credit default swap up
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Pakistan-India escalation pushes Pakistan’s credit default swap up

The CDS jumped more than 150 basis points since April 22, reaching a peak of 926 basis points on May 5

What's behind GSK's massive earnings and will the stock price surge continue?
Markets

What's behind GSK's massive earnings and will the stock price surge continue?

Over the past 12 months, Pakistan’s pharmaceutical sector has delivered stellar stock performance

Geopolitical tensions keep PSX under pressure, index slips 1.17%
Markets

Geopolitical tensions keep PSX under pressure, index slips 1.17%

A sharp mid-week dip sparked concern among traders, with uncertainty dominating the trading floor

Fauji Fertilizer reports 10% decline in earnings
Markets

Fauji Fertilizer reports 10% decline in earnings

A key factor contributing to the profit drop was a 26% YoY decrease in urea offtake, which impacted overall profitability

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