PSX
Top Contributors to PSX’s 84% Surge in 2024
2 min read
The Pakistan Stock Exchange (PSX) experienced a remarkable surge in 2024, with the benchmark KSE-100 index climbing by 84%, adding 52,676 points to reach a…
Park View Enclave Challenges Silkbank-UBL Merger in Sindh High Court
2 min read
Park View Enclave (Private) Limited has initiated legal proceedings against the proposed merger between Silkbank Limited and United Bank Limited (UBL). The lawsuit, filed in…
PSX Sees Sharp Drop as Shares Tumble Nearly 2,000 Points Amid Afghanistan Tensions
3 min read
The Pakistan Stock Exchange (PSX) experienced a sharp decline on Thursday, as bearish sentiment took hold, with shares plummeting by nearly 2,000 points. The KSE-100…
Pakistan Stock Market Surges as 11 More Companies Cross Billion-Dollar Threshold
4 min read
The Pakistan Stock Exchange (PSX) has witnessed an exceptional rally recently, with the KSE-100 Index closing above 116,000 on Monday, December 16, 2024. This remarkable…
SBP Cuts Key Policy Rate by 200 Basis Points to 13% Amid Positive Economic Indicators
4 min read
ISLAMABAD: The State Bank of Pakistan (SBP) announced on Monday that it has decided to reduce its key policy rate by 200 basis points (bps),…
Mari Petroleum Emerges as PSX’s Top Company with Rs984bn Market Value
2 min read
Mari Petroleum has emerged as the Pakistan Stock Exchange’s (PSX) largest company by market capitalization, overtaking Oil & Gas Development Company (OGDC). The analyst Mohammad…
PSX to Suspend FFBL Trading and Close Futures Contracts Ahead of Merger with FFC
2 min read
The Pakistan Stock Exchange (PSX) has announced that trading in the shares of Fauji Fertilizer Bin Qasim Limited (FFBL) will be suspended starting from Monday,…
Engro to Acquire PMCL Tower Assets for $562.7 Million
2 min read
Pakistan Mobile Communications Limited (PMCL) and Engro Corporation Limited have merged through a Scheme of Arrangement, under which Engro will acquire PMCL’s tower assets. The…
Scam Alert: IGIL Securities Trading Platform Under Scrutiny
2 min read
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.”…
PSX Surges to Record High, Posts Largest Single-Day Gains in Five Months
2 min read
The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, as the KSE-100 index skyrocketed by 3,359 points, registering a 3.59% surge and closing…
Fauji Fertilizer Raises Offer Price for Agritech Shares Amidst Competing Bid
2 min read
Fauji Fertilizer Company Ltd. (PSX: FFC) has revised its offer price for acquiring up to 151 million shares of Agritech Limited (PSX: AGL), raising it…
Saudi National Bank Ends Plan to Sell Stake in Samba Bank
2 min read
Saudi National Bank (SNB) has decided to terminate the process of selling its equity stake in Samba Bank Limited. This update was announced by Samba…
Farrukh Sabzwari Appointed as CEO of PSX, Set to Serve for Three Years
2 min read
Farrukh H. Sabzwari has been appointed Chief Executive Officer (CEO) of Pakistan Stock Exchange Company Limited (PSX) for a term of three years, effective November…
