The benchmark of the representative shares rose for the seventh consecutive session in a broad-based rally on Tuesday. Arif Habib Ltd said the KSE-100 index breached the barrier of 48,000 points amid big moves in refinery stocks like Attock Refinery Ltd (7.5 per cent) and National Refinery Ltd (6.5pc). “The KSE-100 index can continue to move sharply higher while it holds (at) 47,900 points,
The Pakistan Stock Exchange (PSX) announced on Tuesday the names of the recipients of Top 25 Companies Awards for 2022. Fauji Fertiliser Company Ltd topped the list, according to a press release. Other top winners were Engro Corporation Ltd, Systems Ltd, Engro Fertilisers Ltd, Engro Powergen Qadirpur Ltd and Engro Polymer and Chemicals Ltd. Initiated by the exchange in 1978, the awards are g
Oil prices fell on Tuesday on easing concerns about potential supply disruptions from the battle between Israel and Hamas though traders remained watchful. Brent crude was down 47 cents at $87.68 a barrel as of 11:35 CDT (1635 GMT), while US West Texas Intermediate (WTI) crude fell 42 cents to $85.92 a barrel. Both benchmarks had fallen by more than $1 in earlier trade. “Today it’s more like
Pakistan Railways suffered a loss of over Rs55 billion during the last fiscal year (FY23) due to incompetence, irregularities, illegalities and bad governance. According to an audit conducted by the Auditor General of Pakistan (AGP) for the fiscal year 2022-23, the performance of the department, which used to seek help from the federal government to clear pays and pensions of its employees, was
After almost a month gap, the All Pakistan Gem and Jewellers Association (APGJA) on Tuesday resumed issuance of daily gold rates. The association announced 10-gram and one-tola rates at Rs171,039 and Rs199,500 against Rs184,585 and Rs215,000 issued on Sept 12, showing a fall of Rs13,546 and Rs15,500, respectively. On Tuesday, the local rates were fixed based on the world gold rate of $1,856