Articles for tag: Ahsan Mehanti Arif Habib Corp, Appreciation of Pakistan Rupee, Arif Habib Limited Report, cashing in on PSX, cement banking branches of oil, FTSE Rebalancing September 2024, Global JS analysis, Inflation falling based on SPI, Kohat Cement Mari Petroleum Bank Alfalah, KSE-100 index update, Pakistan Stock Exchange (PSX), profits, PSX, PSX trading volumes, sell-out of foreign investors., Supreme Court NAB Amendment Case, Topline Securities Rating, wipes, WorldCall Telecom Volume Leader

September 7, 2024

KARACHI: The Pakistan Stock Exchange (PSX) closed on Friday with weak gains as investors resorted to speculation at attractive levels after the KSE-100 index rose earlier in the day. The absence of encouraging developments kept investors cautious, leading to limited activity in major stocks, while smaller companies attracted the interest of market players. The index opened on a positive note in the morning, hitting an intraday high of 79,254.25 before midday. Significant support came from the cement, banking and oil sectors. However, as the session progressed, investors began to unload their positions, which pushed the market to an intraday low

August 31, 2024

News Desk

Business

PSX is making modest gains in terms of privatizations

KARACHI: Positive momentum continued in the Pakistan Stock Exchange (PSX) on Friday on the back of an improved economic outlook as investors closely watched the government’s discussion on privatization of state-owned enterprises (SOEs). The market was also driven by the uptrend in global equities and the government’s commitment to reduce electricity tariffs. In the morning, trading started with strong buying and the KSE-100 index jumped almost 500 points by the afternoon. It hit an intraday high of 78,914.28, up 565 points. However, profit-taking erased gains, sending the index to an intraday low of 78,439.62. The market rallied towards the close

August 27, 2024

News Desk

Business

Hubco unveils plans to mine minerals

KARACHI: Hub Power Company (Hubco) has announced that it will further diversify its business portfolio by entering the mining sector to boost its earnings as its core business of generating electricity from expensive oil continued to weigh on its economic value. government amid the energy pricing crisis in the country. Along with the diversification announcement, the company on Monday reported a net consolidated profit of Rs 75.29 billion for the year ended June 30, 2024, up 21.5% from Rs 62 billion in the previous year, on the back of notable profits from affiliated companies. It translated to earnings per share

August 27, 2024

News Desk

Business

Stocks fall as earnings season draws to a close

KARACHI: As the earnings season drew to a close, the Pakistan Stock Exchange (PSX) fell 230 points as security concerns sparked some selling pressure. The trading day started on a strong note, with the KSE-100 index hitting an intraday high of 79,160.39 points. However, the momentum soon subsided, leading to gradual fluctuations throughout the session. Although the energy sector outperformed on strong financial results and a payout announcement from Hub Power (Hubco), coupled with rising global crude oil prices, uncertainty weighed on investor interest. Concerns over the International Monetary Fund’s (IMF) tax approval, independent power producer (IPP) tariff restructuring and

Taking profits wipes out almost all profits on PSX

PSX is making modest gains in terms of privatizations

Stocks fall as earnings season draws to a close

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea