The KSE-100 index closed its final trading session of 2024 at 115,127 points on Tuesday, down 0.11 per cent (132 points), as profit-taking in key sectors trimmed gains from earlier in the day. Banks, fertilisers and exploration and productionstocks saw selling pressure, with companies like Fauji Fertiliser Company, MCB Bank, Bank Al Habib, Bank Alfalah and Engro Corporation leading the declin
Ammar, Akbar, and Anthony each had Rs1 million and chose to invest in the Pakistan Stock Exchange on January 1, 2024. Ammar, enjoying a Magnum, opted for Unilever Pakistan Foods. Feverish Akbar, popping antibiotics, went for GlaxoSmithKline. Anthony, acting on a whim, closed his eyes and randomly picked Al Shaheer Corporation. By the last Friday of 2024, their fortunes had diverged. Ammar shrug
The KSE-100 index closed its final trading session of 2024 at 115,127 points on Tuesday, down 0.11 per cent (132 points), as profit-taking in key sectors trimmed gains from earlier in the day. Banks, fertilisers and exploration and productionstocks saw selling pressure, with companies like Fauji Fertiliser Company, MCB Bank, Bank Al Habib, Bank Alfalah and Engro Corporation leading the declin
FINANCE Minister Muhammad Aurangzeb has called upon “stakeholders” to evolve a broader consensus on key economic issues facing the country to ensure sustainable stability and growth. Talking to the media over the weekend, he said “everyone” should join hands in the national interest and agree on a common “charter of economy”. He did not elaborate who exactly he was addressing but seemed to want
In May 2023, Pakistan’s consumer price index (CPI) inflation hit an all-time high of 38 per cent. Today, it stands at 4.9pc — a seemingly remarkable feat considering the country was at the precipice of a default last year before it clinched a last-minute International Monetary Fund (IMF) bailout. A Reuters report explains that when inflation numbers run high, it can cause big problems for the e