The Pakistan Stock Exchange (PSX) opened the week on a bullish note as value-hunting by investors and optimism over strong corporate earnings pushed the benchmark KSE-100 index past the 136,500 level on Monday — a fresh all-time high.
The index surged to an intraday high of 2,542 points before closing...
Image Pakistan Limited (PSX: IMAGE) has disclosed that it is evaluating the acquisition of Elegantes London (Holdings) Limited, a Harrods-listed ultra-luxury fragrance and wellness brand with established market presence in the UK and USA.
In a filing to the Pakistan Stock Exchange (PSX) on Tuesday, the company stated that the...
Lucky Cement Limited (PSX: LUCK) has announced that it is part of a consortium that has expressed interest in acquiring a majority stake in Pakistan International Airlines Corporation Limited (PIACL), currently being offered for privatization by the Government of Pakistan.
The consortium includes Hub Power Holdings Limited, Kohat Cement Company...
Central Depository Company of Pakistan Limited (CDCPL), the infrastructure backbone of Pakistan’s Capital Market, organized a briefing session for brokers to promote the Centralized Gateway Portal (CGP).
Attendees included representatives from AKD Securities, Arif Habib Limited, BMA Capital, JS Global, KTrade, MMK Securities, Next Capital, and Standard Capital. The collaborative...
BF Biosciences IPO oversubscribed by 3.4 times!
The book-building process of BF Biosciences’ Initial Public Offer (IPO) has concluded with an oversubscription of 3.40 times, the company said on Thursday.
The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs...
The book building process of International Packaging Films Limited’s (IPAK) Initial Public Offer (IPO) has concluded with an oversubscription of 1.73 times, the company said today.
“The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 25.2 per share,...
International Packaging Films Limited (IPAK) IPO's book-building phase will be held on May 08 and 09, 2024 where high net worth individuals and institutional investors will subscribe to 70.1 million shares.
The book building will start at the floor price of Rs 21 per share.
Based on the interest from investors...
The Boards of Dawood Hercules Corporation Limited (DH Corp) and Engro Corporation Limited (Engro Corp) have, in principle, approved a proposal to restructure the shareholding between the two companies, aiming to enhance investment opportunities of the enterprise. The restructuring proposal is subject to final Board and shareholder approvals.
The proposed...
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2024, delivering a strong topline growth of 21% (PKR 27.5 billion compared to PKR 22.7 billion in the same period last year) despite the challenging operating environment and economic slowdown. This increase was fueled by volume growth and...
Engro Corporation’s revenue from continued operations grew by 45% to PKR 104.3 bn versus PKR 72.1 bn in 2023, as per Q1 results announced on PSX.
Consolidated PAT of Q1 stood at PKR 10.4 bn (EPS 10.66) versus PKR 8.8 bn in 2023. Higher profitability on account of higher fertilizer...
