Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening minutes of trading on Wednesday. At 9:58am, the benchmark index was hovering at 166,176.01, up 1,024.37 points or 0.62%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OM
US-based McCormick & Company has announced its intention to acquire at least 76.55% and control of Unilever Pakistan Foods Limited, according to a regulatory filing on Wednesday, as part of a global transaction involving Unilever PLC’s food business. McCormick intends to acquire 4.88 million shares in the Pakistani company through an agreement, with a public offer to be made in accordance with
Pakistan’s exporters have urged the government to explore improved bilateral trade arrangements and study markets where regional competitors India and Bangladesh enjoy preferential access, as shifting global trade rules intensify pressure on the country’s export competitiveness. The development came during a high-level meeting held between Federal Minister for Commerce Jam Kamal Khan and leadin
The name and trading symbol of S.G. Power Ltd have been changed to Crestwell Healthcare Ltd following a request from the company. “All market participants are hereby informed that the security name of S.G. Power Limited has been changed to Crestwell Healthcare Limited and the National Clearing Company of Pakistan Limited (NCCPL) has assigned a new security symbol, i.e. CWHC, as per the request
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of a shareholding in Engro Polymer & Chemicals Limited (EPCL) by Lotte Chemical Pakistan Limited (LCPL) from Engro Corporation Limited, following a Phase-I competition assessment under the Competition Act, 2010, read a statement on Tuesday. LCPL is a public limited company engaged in the manufacture and supply of