The price of Silver Up again

The trading day began on a strong footing, with the KSE-100 Index extending its upward momentum and surging by as much as 1,178 points in early trade. However, the bullish sentiment proved fleeting as profit-taking led by local institutions triggered a sharp reversal. The bears swiftly regained control, dragging the benchmark down by 1,424 points…

The tobacco industry says that the recent increase in taxes for tax-paying tobacco companies will help the already large number of illegal cigarette makers in Pakistan. A spokeswoman for Philip Morris Pakistan Ltd. said that the proposed unprecedented tax hike for the tax-paying tobacco companies will effectively favor the already vast illicit cigarette manufacturers in…

The bulls kept their grip firm at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark index soaring to an intraday high of 1,646 points before closing at 163,847 — up 1,590 points or 0.98%. The rally was largely driven by aggressive buying from local mutual funds. NCCPL data shows that mutual funds were…

News Report KSE 100 index largely remained in the positive session during the trading session on Friday to settle at 45,910 level up by 0.10%. The Karachi stock exchange also observed some profit-taking in the second half of the trading session as the index settled at a 45,910 level (up by 0.10%). A major contribution…

ISLAMABAD, Oct 22: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s FLSmidth Cement by M/s Corsica Buyer ApS under a global Share Purchase Agreement. The transaction involves the acquisition of FLSmidth Cement A/S, a Danish company engaged in providing cement technologies and related services worldwide, by Corsica Buyer ApS—a newly incorporated…