Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points on Monday. At 9:50am, the benchmark index was hovering at 173,152.71, down by 810.10 points or 0.47%. “The KSE-100 is under intense pressure this morning,” said Behtari Capital. “Investors are treading cautiously ahead of the federal budget, i.e. June 5, and lingering
United Bank Limited (UBL), acting as Mandated Lead Advisor and Arranger, has successfully arranged Pakistan’s largest short-term, rated, unsecured, privately placed Sukuk, raising Rs 25 billion for Engro Fertilizers Limited. The landmark transaction represents another significant milestone in Pakistan’s Islamic capital markets and reinforces UBL’s position as a leading arranger of innovative Sh
Reinforcing its commitment towards sustainable social development and community empowerment, Soneri Bank has partnered with The Citizens Foundation (TCF) to adopt its Chinoy Campus for one year, further strengthening its role in advancing quality education initiatives across Pakistan. As part of the partnership, a MoU signing and plaque installation ceremony was conducted on 21st May 2026 to co
In a historical development, a Pakistan-based pharmaceutical company has secured the prestigious PIC/S recognition for having matched global quality standards for producing medicines in injection form and eye drops in line with the international benchmarks, claiming to become the first company in the country to receive the international accreditation for its sterile manufacturing facility. The
The US dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further i