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 9 2024: To improve the country’s economy, President Asif Ali Zardari has called for providing a business-friendly environment by further rationalizing the interest rate, providing cost-effective energy, and supporting export-oriented industries. He urged the business community to invest in the country’s stock exchange, besides focusing on industries that support small and medium enterprises…
KARACHI: 04 October 2024, President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has urged the Sindh government to look into the possibility of reducing the rate of SESSI’s Social Security Contribution by at least 2 per cent and freezing the same so that the substantial burden passed on to the industries every…
Karachi, October 02, 2024 – Pakistan Stock Exchange Limited (PSX) alerts the investing public regarding the surge in fraudulent activities through different social media platforms. Some illegal social media groups and forums are using AI technology and conventional methods to entice the investing public to join in or fill in forms through WhatsApp groups, Facebook/…
The profitability of the KSE-100 index continues to rise, registering a growth of 24% YoY during FY24, the highest profitability on an FY basis. The growth in profitability during the period came on the back of 6%, 23%, 35%, 38%, 84%, and 137% YoY growth in the E&P, Power, Bank, Cement, Fertilizer, and OGMC sectors,…