Join our Whatsapp channel KARACHI: Pakistan Petroleum Ltd( PPL) on Friday announced its highest-ever profit-after-tax( PAT) of Rs114 billion during FY24.At the company’s 73rd Annual General Meeting, the board of directors also approved a final cash dividend of 25 per cent, bringing the total to 60pc for the year. Lotte profit dipsLotte Chemical’s net rev-enue swelled to Rs89bn in 9MFY24 ending Sept 30 from Rs62bn in the same period last year.... However, the PAT plunged to Rs2. 66bn from Rs4. 8

KARACHI: The KSE-100 index maintained its upward journey on Friday to close at yet another record peak. Topline Securities Ltd said the index gathered pace initially and hit an intraday high of 660 points. However, fear kicked in afterwards as investors preferred to book some of their gains before the end of trading. According to Arif Habib Ltd, the index saw a balanced advance-to-decline ratio of stocks( 45/ 52), which led to another strong week for the Pakistan Stock Exchange in the shape of a

Join our Whatsapp channel KARACHI: After posting losses overnight, the stock market on Wedne-sday resumed its upward drive due to political clarity and strong corporate results as investors opted to do some cherry-picking at attractive levels. Topline Securities Ltd said the equities remained bullish almost throughout the session thanks to further clarity with regards to formation of new government in the centre. The market witnessed an across the board buying momentum after Moody’s Investors Se

Join our Whatsapp channel KARACHI: After suffering significant losses in the last two sessions in a short four-day week, the stock market on Friday witnessed an aggressive return of value-hunters, helping the benchmark KSE 100 index partially recover overnight losses. ADVERTISEMENT Topline Securities Ltd said the recovery was observed as the index traded mainly in the positive zone to close at the 111, 351 level, up 927.86 or 0.84 per cent. The top contribution to the index came from Mari Petrol

KARACHI: Bearish sentiments persisted in the stock market for the fifth consecutive session mainly due to pre-poll uncertainty which drag-ged the benchmark KSE-100 index below the 64, 000-point level on Wednesday.... Initially, the index made an intraday high at 64, 551( a gain of 380.37 points).... However, profit-taking at the aforesaid level wiped out early gains....

KARACHI: Normali-sation of diplomatic ties with Iran and reports about the government’s plan to settle down circular debt revived investors’ interest in the energy sector helping the benchmark KSE 100 share index to close the session near 64, 000 on Monday. Topline Securities said the index commenced the week on a positive note as significant buying momentum was seen during the latter half of the trading session after reports circulated on different media channels regarding the finance ministry’

Join our Whatsapp channel KARACHI: Despite bea--rish sentiment overnight, the stock market resumed its bullish trend on Tuesday as investors engaged in value-hunting, focusing on the Shanghai Cooperation Organisation( SCO) sum-mit, propelling the KSE 100 index to an all-time high, closing above 85, 500. Ahsan Mehanti of Arif Habib Corporation said st--o-cks closed bullish in the earnings season rally led by blue-chip scrips as inv-estors weigh strong earnings outlook and diploma-tic gains in the

Join our Whatsapp channel KARACHI: The stock market continued its northward journey on Tuesday as the benchmark KSE 100 index surpassed the 115, 000 barrier in intraday trading but failed to sustain gains above this level on profit-taking.... Topline Securities Ltd noted that the benchmark KSE 100 index rally was supported by local fund buying.... However, profit-taking at the day’s high did generate some selling pressure, substantially trimming early gains....

Join our Whatsapp channel KARACHI: Amid anticipation of a sixth straight cut in the interest rate next week, Pakistani sha-res continued a southward journey despite the res-u-m-ption of aggressive foreign buying on Wednes-day.... As a result, the benchmark KSE 100 index tumbled below the 114, 000 level due to political and taxation uncertainties.... Topline Securities Ltd Chief Executive Moham-med Sohail said the uncertainty about the new US tariffs and their impact on different companies was

KARACHI: Extending its winning streak for the third consecutive session after suffering the biggest-ever single-day fall on Dec 27, bulls staged a spectacular rally on the first day of the new calendar year of 2024, again tossing the KSE-100 index above 64, 000-point level on Monday. Topline Securities Ltd Chief Executive Officer Muhammed Sohail told Dawn that the release of funds to Independent Pow-er Producers( IPPs) by the government has triggered a rally on the first day of 2024.... Moreove