Pakistan’s auto industry scored a key export win as Suzuki rolled out Alto and Every models made by its Pakistani subsidiary, Pak Suzuki Motor Company, in Brunei. The launch, announced on August 27, “marks the first time for Suzuki to export from an overseas production base models having the same body size and engine displacement specifications as Japanese mini-vehicles,” the Japanese auto gian
Oil prices jumped more than $1 a barrel on Monday after the US attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month. Brent crude futures climbed $1.08, or 1.23%, to $89.18 a barrel as at 0040 GMT while US West Texas Intermediate crude was at $84.32, up 92 cents, or 1.10%. US forces struck two laun
The Pakistan Stock Exchange (PSX) closed almost unchanged on Thursday as late profit-taking wiped out an early rally, leaving the KSE-100 index down almost 50 points. The benchmark index surged as much as 1,279 points to the intra-day high of 178,650 amid falling oil prices and hopes of progress in US-Iran talks. Selling then set in after a batch of corporate results, dragging the index to the
The benchmark KSE-100 Index concluded Thursday’s trading session at 177,322.77, showing a decrease of 47.93 points or 0.03%. The index traded in a range of 1,453.73 points, showing an intraday high of 178,650.01 (+1,279.31) and a low of 177,196.28 (-174.42) points. The total volume of the KSE-100 Index was 218.45 million shares. Of the 100 index companies, 48 closed up, 52 closed down.
The Initial Public Offering (IPO) of Agro Processors & Atmospheric Gases Limited (APAG) has been fully subscribed on the very first day, reflecting strong investor interest in the company's public offering. According to the latest PSX book-building data, the cumulative bid volume reached 43.94 million shares, representing 100.92% of the total offer volume. The highest demand was recorded at