Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, achieved record urea production of 2.3 million tons in 2023 to support the Government’s efforts of ensuring affordable and abundant supplies for the farmers. The Company was able to achieve this feat and continued to play a pivotal role towards enabling the food security of Pakistan, amidst the…
The Pakistan Stock Exchange (PSX) witnesses a severe downturn as political and economic uncertainty in the aftermath of recent elections triggered a substantial crash in the benchmark KSE-100 index. Stock crumbles by over 1200 points, reflecting the heightened concerns and reactions of investors to the prevailing conditions. Key Highlights of the Market Downturn: Election-Induced Uncertainty:…
In a significant financial downturn, the Pakistan Stock Exchange (PSX) witnesses a sharp decline, with a staggering drop of over 2000 points. This substantial market correction has been attributed to the prevailing uncertainty surrounding the outcomes of the recent elections, raising concerns and prompting a substantial sell-off among investors. Key Highlights of PSX’s Over 2000…
In a pivotal decision, the shareholders of Telecard Limited have granted their approval for the sale of an 81.8% stake in Supernet, a subsidiary, to Hallmark Technologies. This strategic move signifies a significant restructuring within the Telecard corporate framework, aligning with the company’s vision and strategic objectives. The resounding approval from Telecard shareholders underscores their…
Pakistan Stock Exchange’s KSE-100 Index Records Impressive 55% Gain in 2023 In a significant turn of events, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index delivered a remarkable gain of 55 percent in 2023, according to a comprehensive report by Topline Securities. This substantial increase, inclusive of dividends, marks the highest surge in the index…
United Bank Limited (UBL) was presented with the Pakistan Stock Exchange’s (PSX) ‘Top Companies of the Year’ award for 2022 in Karachi recently. On receiving the award, Muhammad Jawaid Iqbal, President & CEO UBL, said, “UBL is honoured to be recognized as one of Pakistan’s top companies for 2022. This achievement is a testament to…
Meezan Bank, a pioneer in Islamic banking, acted as lead Joint Financial Advisor in the groundbreaking listed Ijarah Sukuk Issuance for the Government of Pakistan (GoP). This is the first listed GoP Ijarah Sukuk issued through the Pakistan Stock Exchange (PSX), allowing retail investors access to Shariah-compliant government securities in the denomination of PKR 5000/-….
