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KSE-100 crosses 42,000-point mark, gains 160pts
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index extended winning run for 11th consecutive session as KSE-100 Index surged 0.38 percent to close above 42,000 point barrier. By end of session, KSE-100 Index was up 160.29 points to close at 42,087....
Promotion of trade with SCO nations vital for Pakistan: FPCCI Chief
Karachi: Irfan Iqbal Sheikh President FPCCI, Chairman of Pakistan Chapter of SCO Business Council emphasised that Pakistan must aggressively promote its trade, investment and economic ties with Shanghai Cooperation Organisation (SCO) nations as formi...
KSE-100 closes near 42,000 after 347pts gain
Karachi: Pakistan Stock Exchange (PSX) saw an upbeat trading session and KSE-100 Index jumped 0.83 percent on back of encouraging market news, share buybacks and financial results. By end of session, KSE-100 Index rose 346.79 points to close at 41,92...
JPMorgan buys First Republic Bank's assets
Karachi: JPMorgan Chase and Co (JPM.N), biggest US bank by assets said it will buy most of First Republic Bank's (FRC.N) assets after US regulators seized troubled bank. Collapse marks third major US lender to fail in less than two months, after week...
Rupee inches up, settles at 283.84 against dollar
Karachi: Rupee registered marginal increase against dollar, settling with an appreciation of 0.03 percent during trading session. According to State Bank of Pakistan (SBP), domestic unit closed at 283.84, an increase of 0.08 paisa. Rupee sustained lo...
KSE-100 inches upward on banks scrips
Karachi: Pakistan Stock Exchange (PSX) and KSE-100 Index rose 0.28 percent on back of alleviation of political tensions and encouraging financial results. Government and Pakistan Tehreek-e-Insaf began negotiations , raising expectations of resolution...
SBP releases $50m for govt Hajj scheme
KARACHI: State Bank of Pakistan (SBP) released first tranche of $ 50 million to Pakistani Hajj Mission in Saudi Arabia for government Hajj scheme 2023. As per sources within Ministry of religious affairs, government was asked to provide $ 213 million...
PSO’s earnings plunge 68pc in 3QFY23
Despite higher sales, profit-after-tax (PAT) of Pakistan State Oil Company Limited (PSO) plunged 68 percent, clocking in at Rs 12.54 billion for third quarter of fiscal year 2023 (January-March 2023), compared with PAT of Rs 39.28 billion reported in...
OGDC’s PAT jumps 50pc YoY in third quarter
Oil and Gas Development Company’s (OGDC) saw its profit jump by 50 percent to Rs 64.627 billion in third quarter of fiscal year that ended March 31, 2023, due to spike in oil prices and rupee depreciation. Company registered profit of Rs 43.16...
HBL’s Jan-Mar PBT rises to Rs21.5bn
Karachi: Habib Bank Limited (HBL) declared record quarterly earnings in January-March quarter with profit before tax (PBT) of Rs 21.5 billion, 47 percent higher than PBT of Rs 14.6 billion last year, stated press release. “This strong performan...
