Business
Pakistan Cement Sector Profits Jump 20% in 1QFY26
Earnings rise to Rs37.5bn on higher dispatches and lower coal costs; excluding Lucky Cement, profits drop 10%. Pakistan’s listed cement sector posted a consolidated profit of…
Business
Business
CCP Approves PEL’s Acquisition of Stakes in PKP Group Companies
The Competition Commission of Pakistan (CCP) has approved three separate merger applications submitted by Petroleum Exploration (Private) Limited (PEL) for the acquisition of certain shareholdings in…
Business
Lucky Cement profit rises 23% in 1QFY26
Lucky Cement Limited (LUCK) posted a 23% year-on-year increase in consolidated earnings for the first quarter of FY26, with profit rising to Rs21.99 billion (EPS: Rs15.0),…
Business
Selling Pressure Deepens as Market Extends Correction
Tuesday’s trend persisted at the Pakistan Stock Exchange (PSX), where the KSE-100 Index opened on a positive note, gaining 589 points early on. However, selling pressure…
Business
Fauji Fertilizer eyes growth post-FFBL merger
Fauji Fertilizer Company (FFC) shared an optimistic outlook for 2025 at its corporate briefing, highlighting post-merger consolidation benefits, new product developments, and plans for Shariah compliance…
Business
Bulls Fade as Bears Take Charge Amid Rollover Pressure
The local bourse blew hot and cold on Tuesday as the KSE-100 Index witnessed a dramatic tug-of-war between the bulls and the bears. The session opened…
Business
Rising Bank Charges Spark Customer Concerns
Customers nationwide are expressing concern as banking costs rise due to new government tax measures combined with additional service charges imposed by banks. Under the updated…
Business
Crypto Market Surges on Fed Cut, Trade Optimism
Bitcoin and Ethereum surged, lifting the global crypto market value to nearly $3.92 trillion amid renewed optimism over improving economic conditions. Bitcoin rose nearly 4 percent…
Business
Millat Tractors profit drops 17% in 1QFY26
Millat Tractors Limited (MTL) reported a 17% year-on-year decline in profit for the first quarter of FY2025–26, posting earnings of Rs514 million or Rs2.57 per share,…
Business
PSX 100 Index Sheds 1,140 Points
The KSE-100 Index settled at 162,163 points, posting a decline of 1,140 points after a highly volatile trading session. Investor sentiment remained mixed as the index…