Share prices rose on Tuesday as investors reacted positively to favourable announcements by blue-chip companies. Topline Securities said the benchmark of the stock market closed on the higher side after Lucky Cement Ltd and the sponsor of Habib Bank Ltd announced they’d purchase their respective shares from the open market. Both stocks closed at their respective upper circuits. The investors’ i
The Aga Khan Fund for Economic Development (AKFED), which is the overseas sponsor of Habib Bank Ltd, is going to use its accumulated dividends worth Rs3.5 billion to buy additional shares of the country’s largest lender from the stock market, a regulatory filing said on Tuesday. The announcement is first of its kind by any corporate entity with overseas sponsors given that the laws governing th
The Aga Khan Fund for Economic Development (AKFED), which is the overseas sponsor of Habib Bank Ltd, is going to use its accumulated dividends worth Rs3.5 billion to buy additional shares of the country’s largest lender from the stock market, a regulatory filing said on Tuesday. The announcement is first of its kind by any corporate entity with overseas sponsors given that the laws governing th
Within months after an over 25 per cent increase, the Oil Marketing Companies (OMCs) have formally demanded 100pc increase in their profit margins on the sale of petroleum products to “ensure the survival” of the industry. “OMC’s margin for high-speed diesel (HSD) and petrol should be set at Rs12 per litre”, to maintain the feasibility and ensure the survival of OMCs, wrote the Oil Companies Ad
The Aga Khan Fund for Economic Development (AKFED), which is the overseas sponsor of Habib Bank Ltd, is going to use its accumulated dividends worth Rs3.5 billion to buy additional shares of the country’s largest lender from the stock market, a regulatory filing said on Tuesday. The announcement is first of its kind by any corporate entity with overseas sponsors given that the laws governing th