Turkish arm of Abraaj looking to sever ties & become independent: Report
Canadian asset management group, Brookfield is said to be in negotiations with the Turkish entity of Abraaj to acquire it, according to people aware of the talks
High oil prices hurt consumers, dent fuel demand: IEA chief
Major emerging Asian economies such as India and Indonesia have been hit hard this year by rising crude oil prices, which despite falls this month are up by around 15 percent since the start of 2018
HBL reinventing itself under new president
The HBL CEO aims to transform it into an IT company with a banking license
PSX surges on higher volumes, index gains 897 points
PSX registers an accumulative gain of 3,739 points in four trading sessions
KARACHI: Trading resumed at the Pakistan Stock Exchange (PSX) on an...
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
PSO profits decline 19% to Rs4,181m in 1st quarter FY19
PSO posted a gross profit of Rs10.91 billion in the first quarter of FY19, gross margins were recorded at 3.89% in the first quarter of FY19 against 3.55% in prior year
KSE-100 index surges 836 points during intra-day trading
LAHORE: The Pakistan Stock Exchange (PSX) continued its bull run as the benchmark KSE-100 index surged 836.12 points to 41,392.57 points on...
Oil dips as markets remain cautious on trade concerns
Front-month Brent crude oil futures were at $77.56 a barrel at 0430 GMT, 6 cents below their last close
Bullish trend at PSX as index gains 5.5pc in week
LAHORE: The Pakistan Stock Exchange (KSE 100 Index) closed on a bullish trend on Friday having increased 2,126 points since the last week.
The...
PSX overcomes early tremors to gain 924 points
Index crosses 40,000 mark, ends week in green
KARACHI: The Pakistan Stock Exchange (PSX), which opened the day in negative, changed its course...
FFC posts Rs8.5bn PAT in nine months
The Fauji Fertilizer Company Limited (FFC) board of directors on Friday announced the financial results for the first nine months of 2018...
IMC posts profits of Rs3.508m, decline 3% YoY
The company’s topline recorded a growth of 12% YoY to Rs35 billion due to a volumetric growth of 2% YoY to 15,419 units
Bank Alfalah profits rise 21% YoY, touch Rs8.8b for nine months of 2018
Net financial income (NFI) grew by 9% YoY during nine months of the current year because of a healthy rise in foreign income
Asia stocks, S&P futures slide as investors flee risk amid growth fears
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1 percent, erasing tiny gains made in the opening hour and hitting its lowest level since February 2017
Oil prices drop as focus shifts to oversupply
Brent crude futures were down 51 cents, or 0.7 percent, at $76.38 a barrel by 0331 GMT. The global benchmark is on course for a weekly loss of over 4 percent