Banking
JS momentum factor ETF: Redefining investment landscape in Pakistan
Karachi, May 21, 2024 : JS Investments announces the remarkable success of the JS Momentum Factor ETF, Pakistan’s first Smart Beta ETF. Launched in 2021, the JS Momentum Factor ETF represents a ground breaking advancement in investment strategies. It employs a rules-based methodology to select stocks based on their momentum scores, thereby reducing the influence…
HBL Microfinance bank continue to lead microfinance banking sector
Islamabad, May 02, 2024 : HBL Microfinance Bank (HBL MfB) has won the ‘Best Microfinance Bank’ award at the Pakistan Banking Awards hosted by Institute of Bankers Pakistan (IBP), for the second consecutive year. This accolade underscores the Bank’s contribution in responding to poverty and contributing to the social and economic well-being of Pakistanis through…
PSX continues bearish trend, loses 592.49 pts
Karachi, April 30, 2024 : During the second business day of the week, the KSE-100 index at the Pakistan Stock Exchange (PSX) observed a bearish trend, dropping 592.49 points to close at 71,102.54 points, down from the previous day’s 71,695.03 points. Today’s trading session at PSX sees the KSE-100 benchmark ranging between a high of…
Pakistani rupee registers gain against USD
Karachi, April 30, 2024 : Following a slight dip, the Pakistani Rupee strengthened by 0.8 paisa against the US dollar on Tuesday in interbank trading, closing at Rs 278.31 compared to the previous day’s Rs 278.39. As per the Forex Association of Pakistan (FAP), the dollar’s buying and selling rates in the open market stood…
SBP’s foreign reserves decline, stand at $13.28bln
Karachi, April 30, 2024 : Pakistan’s foreign exchange reserves experienced a decline of $9.32 million for the week ending April 19. The State Bank of Pakistan (SBP) reported that as of April 19, the country’s domestic foreign exchange reserves stood at $13.28 billion. SBP’s own foreign exchange reserves experienced a significant decrease, falling by $7.35…