The Pakistan Stock Exchange (PSX) closed Wednesday's session lower, with the benchmark KSE-100 Index coming under pressure as broad-based selling dominated the market amid renewed geopolitical tensions between the United States and Iran. Investor sentiment remained subdued as rising tensions between Washington and Tehran heightened concerns over potential disruptions to global oil supplies.
United Bank Limited (PSX: UBL) recorded a robust 33% increase in its net profit for the half year ended June 30, 2026, with profit after taxation climbing to Rs85.91bn from Rs64.73bn in the corresponding period last year. Showing this strong bottom-line growth, the bank's earnings per share (EPS) expanded to Rs34.3 from Rs26.07 in 1HFY25. The top-line performance showed healthy momentum, wit
Sakrand Sugar Mills Limited (PSX: SKRS) has completed the transfer of a 25% equity stake to incoming investors, marking a key milestone in the implementation of its board-approved Revival Plan. In a notice to the Pakistan Stock Exchange (PSX) on Wednesday, the company said the transaction was completed after obtaining all required regulatory approvals. The company said the Revival Plan, deta
Security Leasing Corporation Ltd (PSX:SLCL) has made further headway in its restructuring and revival plan, settling with several creditors while negotiations with others near completion. The company said discussions with its remaining creditors are progressing well and are expected to conclude successfully in the coming months. The company noted that some creditor settlements are now in the
Meezan Bank has become the first bank in Pakistan to roll out an Enhanced Bulk eIPO Subscription Payments Solution for the Central Depository Company of Pakistan (CDC). This enables seamless and efficient eIPO subscription payments for Roshan Digital Account (RDA) customers. The solution has also been extended to brokerage houses through CDC's Master TREC Module in the Centralized eIPO Syste