Markets

Pakistan stocks end positive buoyed by strong earnings in cement sector
Markets

Pakistan stocks end positive buoyed by strong earnings in cement sector

Disappointing pharmaceutical earnings dampened overall market sentiment

Pakistan hesitant to approve PTCL-Telenor merger amid competition concerns
Markets

Pakistan hesitant to approve PTCL-Telenor merger amid competition concerns

The transaction poses a risk of substantially lessening competition in the telecommunications sector

Pakistan stocks prices slow on concerns over slide in rupee
Markets

Pakistan stocks prices slow on concerns over slide in rupee

Fertilizer, technology and automobile sectors led the rally

Habib Bank Limited reports marginal profit growth for 2024
Markets

Habib Bank Limited reports marginal profit growth for 2024

Lower net interest earned, higher provisioning and increased non-interest expenses impacted earnings

United Bank posts 32.4% rise in net profit for CY24
Markets

United Bank posts 32.4% rise in net profit for CY24

Lower effective tax rate and robust growth in non-interest income drove profitability

Lotte Chemical to sell Pakistan unit for $74.4 million
Markets

Lotte Chemical to sell Pakistan unit for $74.4 million

Deal marks significant return on investment for Lotte Chemical

Barkat Frisian’s IPO at PSX oversubscribed by 16.25 times
Markets

Barkat Frisian’s IPO at PSX oversubscribed by 16.25 times

Barkat Frisian is the first pasteurized egg company to be listed on the PSX

Pakistan stocks closed positive amid corporate earnings
Markets

Pakistan stocks closed positive amid corporate earnings

Strong textile exports, dividend surprises and speculation over IMF talks lift sentiments

Pakistan stocks closed lower amid lack of positive triggers
Markets

Pakistan stocks closed lower amid lack of positive triggers

Initial optimism fades as market slips into negative territory

Engro Fertilizers unveils digital expansion amid market challenges
Markets

Engro Fertilizers unveils digital expansion amid market challenges

Company management does not foresee major operational disruptions in 2025

Engro Polymer & Chemicals launches hydrogen peroxide business with PKR 12 billion investment
Markets

Engro Polymer & Chemicals launches hydrogen peroxide business with PKR 12 billion investment

Developed in collaboration with the IFC, the project aims to strengthen local production capacity and reduce import dependency

PSX rebounds with 1.6% gain in range-bound market activity
Markets

PSX rebounds with 1.6% gain in range-bound market activity

Market activity remained range-bound amid mixed investor sentiment and cautious trading.

Pakistan's stock market outlook remains positive
Markets

Pakistan's stock market outlook remains positive

Growth to be led by banks, oil & gas exploration and marketing companies

Pakistan Petroleum signs MoU for Sui Development and Production Lease
Markets

Pakistan Petroleum signs MoU for Sui Development and Production Lease

PPL pledges PKR 60 billion to Balochistan, focus on CSR initiatives

Stocks closes lower amid global jitters and profit-taking
Markets

Stocks closes lower amid global jitters and profit-taking

Oil & gas exploration and marketing companies, commercial banks remained the laggards

Hubco Green partners with PSO to install EV charging infrastructure
Markets

Hubco Green partners with PSO to install EV charging infrastructure

Company will setup EV chargers at numerous PSO locations across Pakistan

Could investing in Barkat Frisian Agro's upcoming IPO be worth it?
Markets

Could investing in Barkat Frisian Agro's upcoming IPO be worth it?

The company doesn't have a lot of competition, is backed by experienced sponsors, and is shariah-compliant

Pakistan stocks closed lower in a volatile session
Markets

Pakistan stocks closed lower in a volatile session

Mixed earnings reports contribute to market uncertainty and selective investing

Pakistan State Oil reports net profit
Markets

Pakistan State Oil reports net profit

Company’s petroleum offtakes surge despite 3% drop in sales revenue