Business & Finance News

Karachi, Elite Capital Modaraba 1st (FECM) has experienced a downturn, reporting a loss of Rs. 0.62 per share for January-March 2024. Despite the negative earnings, the modaraba saw a high turnover of 269000 shares during the period. Listed in 1992, n...

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, 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...