The Pakistan Stock Exchange (PSX) extended its losing streak on Thursday, with the benchmark KSE-100 Index coming under heavy selling pressure amid escalating geopolitical tensions and a sharp rise in global oil prices. Investor sentiment remained weak as Yemen's Houthi forces reportedly struck tankers in the Red Sea, while Washington carried out another wave of strikes against Iran, raising fr
Nestlé Pakistan Limited (PSX: NESTLE) reported a 4% decline in its net profit for the six months ended June 30, 2026, with profit after taxation slipping to Rs9.98bn from Rs10.42bn in the corresponding period last year. Showing this softer bottom-line, the company's earnings per share (EPS) eased to Rs220.04 from Rs229.88 in 1HFY25. The top-line performance remained encouraging, with net rev
Air Link Communication Limited (PSX:AIRLINK) is to establish an electric bike manufacturing project under its own brand, AirV, after the Company's Board of Directors approved the initiative. The project envisages the establishment of an advanced electric bike assembly plant at the Company's manufacturing facility located in the Sundar Green Special Economic Zone (SGSEZ), Lahore. The initia
Waves Home Appliances Limited (PSX: WAVESAPP) will raise its paid-up capital by issuing 150,015,772 right shares, its Board of Directors decided at a meeting held on 23 July 2026. The right shares, having a face value of Rs10 each, will be offered to existing shareholders in the ratio of 56 shares for every 100 shares held, i.e. 56.00% of the company's existing paid-up capital. The shares will
Sitara Petroleum Service Limited (PSX: SPSL) has clarified that certain media and social media reports currently in circulation relate to companies belonging to the Sitara Group of Industries, including Sitara Energy Limited and Sitara Chemical Industries Limited, and do not pertain to SPSL. The Company confirmed that it is not part of the Sitara Group of Industries and has no ownership, manage