Business
PSO reports profits of PKR 5.7 bln
August 23, 2023: Pakistan State Oil (PSO) has achieved remarkable progress and demonstrated resilience in a challenging energy market. During a meeting held at PSO House on August 23, 2023, the company’s Board of Management (BoM) reviewed the group’s performance for the financial year ended June 30, 2023. Despite facing galloping inflation, sluggish market growth,…
JS Bank profit after tax grows by 254pc during H1CY23
Karachi, August 23, 2023: JS Bank unveiled its financial performance for the first half of 2023, underscoring a trajectory of growth across multiple financial indicators. During the first half of the year, the Bank recorded a significant increase of 231 percent in profit before tax and 254 percent in profit after tax, compared to the…
Descon aims to boost local economy, global exports
Karachi, August 23, 2023: In a momentous event, Abdul Razak Dawood, the Founder of Descon, along with Faisal Dawood, Vice-Chairman of Descon, marked a significant milestone in the company’s journey towards agricultural innovation. The occasion celebrated the groundbreaking ceremony of Blume Agri, a PKR one billion pioneering venture that promises to significantly contribute to the…
KSE-100 resilience, Eyes on 48,000-Point threshold
Karachi, August 23, 2023: In the ever-fluctuating landscape of the Karachi Stock Exchange (KSE-100), investors found themselves perched on the edge of their seats as the market embarked on a rollercoaster ride. This week, the KSE-100 index demonstrated its characteristic resilience, navigating through choppy waters and landing firmly within the coveted support zone of 46,000…
Pakistan’s equities hold steady amidst market swings
Karachi, August 23, 2023: The Pakistan equities market concluded a relatively flat session, with the benchmark KSE-100 index closing at 47,418 points on Wednesday. During this trading day, Investors found themselves navigating within a range-bound market, with the index swinging within a relatively narrow 580-point band – reaching a high of +170 points and a…