Pakistan Stock Exchange (PSX)
PEL Sends First Transformer Shipment to the US
KARACHI: Pak Elektron Limited (PEL), a key player in Pakistan’s electrical manufacturing industry, has officially commenced exports to the United States. The company’s first batch…
Shareholders Approve Silkbank-UBL Merger, Awaiting Final Approval
The merger between Silkbank Limited and United Bank Limited (UBL) has been legally accepted by the shareholders of both banks under the Scheme of Amalgamation.…
National Foods Closes Sharjah Subsidiary
National Foods Limited has announced that its Dubai-based subsidiary, National Foods DMCC, has successfully completed the liquidation and closure of its Sharjah-registered subsidiary, National Foods…
Biafo Industries Signs Collaboration Agreement with Reko Diq Mining
Reko Diq Mining Company (RDMC) has partnered with Biafo Industries Limited to provide blasting services for the pre-mining infrastructure development at the Reko Diq site.…
Zarea, Pakistan’s B2B Platform, Announces Plans for IPO
Zarea Limited, a leading commodities B2B platform in Pakistan, is aiming to raise a minimum of Rs1 billion ($3.59 million) through an initial public offering…
PSBA: 61,000 New Stock Accounts Opened in 6 Months
The Pakistan Stock Brokers Association (PSBA) announced that over 61,000 new stock market accounts were opened in just six months, demonstrating significant growth in investor…
Air Link Secures Rs572 Million Industrial Land for Expansion
The announcement came from Air Link Communication Limited, which is planning to buy a 3-acre industrial property and a 5-acre plot from its wholly owned…
Al-Ghazi Tractors Temporarily Shuts Down Manufacturing Facility
ISLAMABAD: Al-Ghazi Tractors Limited has announced the temporary suspension of its manufacturing plant, effective from January 4 to January 31, 2025. The decision was made…
UBL and Silk Bank to Finalize Merger Through Share Swap
The merger between Silk Bank Limited (SILK) and United Bank Limited (UBL) has been approved by both parties. UBL, one of Pakistan’s largest commercial banks,…
Scam Alert: IGIL Securities Trading Platform Under Scrutiny
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a public alert regarding an unlawful trading platform operating under the name “IGIL Securities.”…
Pakistan Stock Exchange Hits Historic 100,000 Milestone
KARACHI: For the first time in its history, the Pakistan Stock Exchange (PSX) flagship KSE-100 index surpassed 100,000, marking a momentous milestone. After political tensions…
Pakistan Stock Exchange Hits 99,000 Points Once Again
Pakistan’s benchmark KSE-100 index made a strong recovery on Monday, surging by nearly 1,200 points after a slow start and closing above the 99,000 mark.…
PSX Hits New Heights, Surges by 1,800 Points to Cross 97,000
On Thursday, the Pakistan Stock Exchange (PSX) 100 Index surged by 1,781.94 points, or 1.86%, closing at 97,328.39 points, up from 95,546.45 points the previous…
