Selling pressure persisted at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 3,000 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 162,883.34, down by 2,940.53 points or 1.77%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration com
AI-related shares fared well in Asia on Thursday after a raft of generally positive earnings reports, while surging oil prices left bonds battered as central banks turned more hawkish on inflation and interest rates. Investors feared the European Central Bank and Bank of England would likely warn of higher rates later in the day, after three Federal Reserve members voted to drop its easing bia
JS Bank Limited on Wednesday announced its financial results for the quarter ended March 31, 2026, reporting a profit before tax of Rs 2.175 billion and profit after tax of Rs 1.045 billion, translating into earnings per share (EPS) of Rs 0.51. JS Bank’s balance sheet showed moderate growth, with total assets reported at Rs 682.877 billion, reflecting a 4 percent increase over December 2025. Th
Allied Bank’s strategic emphasis on sound risk management, balanced portfolio diversification, and prudent capital allocation is strengthening its resilience. Coupled with a strong focus on digitalization and operational efficiency, this approach is enhancing customer value and sustainable growth. The Bank recorded markup up/interest income of Rs. 83,699 million for the quarter ended March 31,
Sitara Petroleum Service Limited plans to expand its retail network to over 100 fuel stations within the next two years, aiming to strengthen its presence along high-growth corridors, with the expansion to be financed through an estimated Rs 4.8 billion to be raised via an Initial Public Offering (IPO). Sitara Petroleum has recently announced its IPO, seeking to raise up to Rs4.8 billion to fin