The benchmark KSE-100 Index concluded Tuesday's trading session at 186,255.55, posting a decline of 1,199.14 points, or 0.64%, as investors resorted to profit-taking following the previous session's strong rally, while weakness in heavyweight oil, cement, fertilizer, and banking stocks weighed on the benchmark. Investor sentiment weakened as oil prices climbed after an attack on commercial vess
The State Bank of Pakistan (SBP) has removed the Minimum Deposit Rate (MDR) floor on high-value savings deposits, prompting Pakistan's leading brokerages to issue same-day research notes on July 7, 2026, assessing the earnings impact on listed banks. The revised rule, effective August 1, 2026, exempts individual savings accounts with average monthly balances above Rs10mn from the minimum-rate f
A 51% stake in Askari General Insurance Company Limited (PSX: AGIC) will be transferred from Army Welfare Trust ("AWT") to Fauji Foundation ("FF") at a carrying cost of Rs17.06 per share, subject to applicable regulatory approvals and codal formalities, according to a notice sent to the Pakistan Stock Exchange. AWT currently holds 60.23% shares in AGIC. AWT is a charitable/non-profit organizati
S.G. Power Limited (PSX: SGPL) has entered into a Distribution Agreement with Lablink Enterprises in relation to the distribution of Nipro hospital products in Pakistan. Nipro Corporation, headquartered in Osaka, Japan, is a leading global healthcare and medical technology company with a history spanning more than seven decades. The company is engaged in the development, manufacture and supp
Air Link Communication Limited and its wholly owned subsidiary, Select Technologies Limited, have achieved the financial close of a Rs4.76bn, 10-year Islamic syndicated term finance facility to support the expansion of their manufacturing operations at the Sundar Green Special Economic Zone. The financing has been arranged through a consortium led by The Bank of Punjab, with Askari Bank Limited