KARACHI: In spite of the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting a healthy growth 20.6% YoY in FY23 and 70.3% YoY in 4QFY23. According to Arif Habib Limited, the growth in profitability (PAT)…
KARACHI, September 18, 2023: Pakistan Stock Exchange (PSX) witnessed a slight uptick on the first day of the week, closing the benchmark KSE-100 index at 45,803 points, signifying a 0.11 percent increase, equivalent to a gain of 49 points. Throughout the trading session, the market index remained relatively stable, with investors displaying limited enthusiasm. Banks, E&P,…
KARACHI, September 12, 2023: Pakistan’s leading bank-United Bank (UBL) has announced to sale of United National Bank Limited UK (UNBL UK) to Bestway Group, and the establishment of an Exchange Company. According to a notice to the Pakistan Stock Exchange (PSX), the management has informed that UBL board approved the sale of its 55% stake…
Karachi, September 2, 2023” KSE 100 Index declined by -5.2 percent on WoW basis, this decline can largely be attributed to growing concern over upcoming monetary policy where investors fear SBP will opt for significant increase in policy rate to stop continuous depreciation of Rupee and to tame inflation in the back drop recent increase…
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…