Fauji Fertilizer (PSX:FFC) today informed PSX that their BoD had approved the submission of Expression of Interest (EoI) to the Privatization Commission for taking part in the privatization process of Pakistan International Airlines (PSX:PIAC)
The KSE-100 index broke its all time high today at 121882 points breaking its previous all time high of 120796 points which was created exactly two months back. Volume was a healthy 292 million shares and shows the resilience and strength of the market. The market experienced high volatility during the last two months with […]
After months of negotiations on term sheets and legal formalities, the government has finalized agreements for a historic loan package of Rs 1.275 trillion with approximately 18 commercial banks to address the growing circular debt in the power sector. The draft agreements are now ready for final approval by the Federal Cabinet. The loan aims […]
KElectric announced in a disclosure at 8 AM today on the PSX website. According to the disclosure NEPRA has approved KElectrics’s Multi Year Tariff from 2024 to 2030. This is important news for the company as it paves the way for the company to start investing in the infrastructure of the city as well as […]
NEPRA has approved K-Electric’s multi-year distribution tariff for the period FY24 to FY30. K-Electric hadproposed a seven-year tariff control period to facilitate long-term investments. However, the regulator has yet to approve the investment plan, and any revisions to it may impact our projected earnings. For FY24, the average distribution tariff has been set at PKR […]
Security Papers Limited (PSX:SEPL), the company engaged in manufacturing banknotes and other security papers, announced plans to upgrade its plant, which is expected to be completed within 18 months. The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX). “SPL was duly incorporated in Karachi on 8 December 1965, as […]
All time high interest rates in Pakistan at 21% (now 19.5%) have immensely improved banking income. As money has become expensive it has lowered demand for loans by businesses and people which has allowed banks to invest in lucrative government bonds. Meezan Bank (PSX:MEBL) normally gave out Rs 2 dividend or 10% bonus shares or […]
Lucky Cement (PSX:LUCK) announced a very good result thanks mostly to the stable USD/PKR rate for the past ten months and global oil prices. Richard Bay Coal prices has also come down to settle just above 100 USD price and that has been stable. Gross profit has increased by nearly 35% after a very quiet […]
