Business
TPL Corp acquires an additional stake in TPL properties
Karachi, January 13, 2021: TPL Corp, Pakistan’s leading tech conglomerate, has acquired an additional stake in TPL Properties, the tech giant’s emerging real-estate property development arm. With a 51 percent stake post-acquisition, TPL Corp and its sponsors have become the majority shareholders in TPL Properties. According to the notice on Pakistan Stock Exchange, TPL Corp acquired…
Emirates SkyCargo showcased its global leadership air cargo industry
Karachi / Dubai, January 12 2021: The year 2020 was a year unlike any other for the aviation and the air cargo industry. Faced with the devastating impact of the COVID-19 pandemic on global industries and on people’s wellbeing, Emirates SkyCargo redoubled its commitment to being a reliable, global partner to businesses and communities across…
KSE100 index closed positive at 45,922 levels up 317pts
Karachi, January 12, 2020: The benchmark KSE100 index closed positive at 45,922 levels (up 317 points.) after making a high of +408 points. Mostly activity was seen in the second and third tier stocks where KEL (12.2 percent), HU MILLIONL (10.1 percent), UNITY (7.1 percent), PIBTL (2.0 percent), SILK (1.6 percent), TRG (6.5 percent) and…
KSE-100 Index started new year with renewed optimism
Karachi, january 9, 2020: The KSE-100 Index started the new year with renewed optimism, led by a bullish spree in IPP scrips, following the announcement of the plan for circular debt resolution. Moreover, oil prices saw a jump of 7.8 percentWoW, as reports came in of Russia abstaining from pushing for an output hike in…
KSE 100 index extended gain by 2.7 percent
karachi, january 8, 2020: KSE 100 index extended its gain by 2.7 percent on WoW basis. Major events during the week were cement sales number posting a 11.18 percent YoY growth, ECC approving removing 2 percent additional customs duties on 152 tariff lines, SBP reserves increasing by $258 million to stand at $20.512 billion trade…