Karachi, October 22, 2024: The KSE-100 index witnessed a robust upward trend today, reaching an intraday high of 788 points before closing at 86,466, marking a gain of 409 points or 0.48%. The positive movement was largely driven by institutional buying and stronger-than-expected corporate earnings. SYS, from the technology sector, surged by 7.41% following the…
Islamabad, October 22, 2024: Mari Petroleum Company Limited (MARI) conducted its corporate briefing today, highlighting its financial results for FY24 and the company’s outlook. MARI reported earnings per share (EPS) of Rs64, reflecting a 37% year-on-year (YoY) increase. Alongside these results, the company also announced a dividend per share (DPS) of Rs25.8 and an 800%…
KARACHI, October 22 2024: Sindh Energy Minister Syed Nasir Hussain Shah has said that Sindh is currently the largest gas-producing province with a total production of 1800 mmcfd to 2000 mmcfd (MMCFD) in the country. 65% of the total gas production. Currently, 900 mmcfd gas is being supplied to Sindh while the requirement is 1600…
Islamabad, 22 October 2024: The Competition Commission of Pakistan (CCP) held the fourth hearing of its Phase II Merger Review regarding PTCL’s proposed acquisition of Telenor Pakistan (Private) Limited and Orion Towers (Private) Limited. The hearing was presided over by a CCP Bench, led by Chairman Dr. Kabir Ahmed Sidhu, along with Members Mr. Salman…
KARACHI, October 22 2024: Meezan Bank Limited (MEBL) released its financial results for the third quarter of 2024, reporting earnings of Rs25.8 billion, translating to an EPS of Rs14.4. This marks a 1% year-on-year (YoY) increase, though it reflects a 3% quarter-on-quarter (QoQ) decline. For the first nine months of 2024 (9M2024), the bank’s cumulative…