Business & Finance News

Karachi, Gadoon Textile Mills Ltd. (GADT) reported substantial financial gains with an EPS of Rs. 117.44 for the first quarter of 2024, significantly up from the previous year. Despite not declaring any distributions for the current period, the compan...

Karachi, Shams Textile Mills Ltd. (STML) reported no distributions for the year ending June 2024, consistent with the previous year's performance. The company faced a difficult quarter, with an EPS of Rs. (17.74) and share prices ranging between Rs. 1...

Karachi, In a strong performance, the Fertilizer sector on the Pakistan Stock Exchange registered a significant turnover of 33,335,857 with a sharp increase in the sector's index to 25,980.880, an upsurge of 1,080.120. This boost translates to a 7.870...

Karachi, Prosperity Weaving Mills Ltd. (PRWM) declared a substantial annual dividend of 50% and an additional 30% in bonus shares. The company's EPS soared to Rs. 8.29 for January-March 2024, a robust performance compared to the same period last year....

Karachi, The close-end mutual fund sector, while seeing the least activity with a turnover of 148,500, managed a gain in its index by 19.310 points to 1,941.130. This sector’s market share is currently at 0.028%, showing modest growth.

Karachi, The Exchange Traded Funds sector recorded a sharp decline in its index by 3,242,939.66 points, ending at 723,429.40. The turnover for the day was 366,500, indicating substantial trading despite the negative performance.

Karachi, Jubilee General Insurance Company Limited announced a rise in profits for the first quarter ended March 31, 2024. In a board meeting on April 26, the company disclosed un-audited financial results, showing a profit before taxation of Rs 1,367...