ISLAMABAD, November 15, 2024: The Securities and Exchange Commission of Pakistan (SECP) has raised an urgent warning regarding a fraudulent trading platform operating under the name “Interactive Brokers Group (IBKR).” The platform, which has been circulating through social media and WhatsApp groups, is promising unsuspecting investors high returns from trading on both the Pakistan Stock…
ISLAMABAD, November 13, 2024: The Securities and Exchange Commission of Pakistan (SECP) has reported the registration of 2,477 new companies in October 2024, raising the total number of companies in Pakistan to 233,587. This substantial growth highlights rising confidence in Pakistan’s corporate sector and a positive trend in its expansion. Continuing its focus on digitization,…
ISLAMABAD, November 12 2024: In a significant development within Pakistan’s industrial sector, the Fauji Foundation has decided to withdraw from its proposed acquisition of a controlling stake in Agha Steel Industries Limited. The announcement, made to the Pakistan Stock Exchange (PSX) on Tuesday, cited inconclusive negotiations with sellers as the primary reason for the decision….
KARACHI, October 30 2024: The trading session on the Pakistan Stock Exchange (PSX) was marked by significant volatility, as the benchmark index demonstrated a dramatic range of movement, peaking at 1,008 points before settling down to a low of 860 points. Ultimately, the index closed at 90,286 points, reflecting a decline of 577 points, or…
KARACHI, October 29 2024: The Pakistan Stock Exchange (PSX) sustained its positive momentum on October 29, 2024, with the KSE-100 index reaching an impressive intraday high of 91,358 points. The index ultimately closed at 90,864 points, marking a gain of 668 points or 0.74%. This upward trend reflects a strong continuation of the market’s bullish…