After a long Eid break, the stock market extended its record-breaking spree to a fifth session on the prevailing bullish sentiments stemming from Saudi investment prospects, propelling the benchmark KSE 100 index to close at a new all-time high above 70,500 on Monday. Ahsan Mehanti of Arif Habib Corporation attributed the market’s rally to speculations over the positive outcome of the visit by
As a high-level Saudi trade delegation arrived on Monday, Privatisation Minister Abdul Aleem Khan has asked the business community and investors to take measures, especially in view of Pak-Saudi investment and export agreements. While presiding over an important meeting of the business community and investors at Sindh Governor House, he said an increase in exports was imperative for enhancing f
Oil prices sank by about one per cent a barrel on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of a quickly intensifying conflict that could displace crude barrels. Brent futures for June delivery fell 91 cents to $89.54 a barrel, a 1pc loss, by 1:17pm EDT (1717 GMT). US crude futures for May delivery fell 87 cents to $84.79 per barre
As a high-level Saudi trade delegation arrived on Monday, Privatisation Minister Abdul Aleem Khan has asked the business community and investors to take measures, especially in view of Pak-Saudi investment and export agreements. While presiding over an important meeting of the business community and investors at Sindh Governor House, he said an increase in exports was imperative for enhancing f
Bank Alfalah Ltd (BAFL) on Monday announced its intention to acquire a majority stake in Samba Bank Ltd. The BAFL shared this information through a notice to the Pakistan Stock Exchange (PSX). “We would like to inform that Arif Habib Ltd, manager to the offer, has submitted the public announcement of intention to acquire up to 84.51 per cent shares of the target company, held by Saudi Nation