Share prices oscillated within a small range on Monday as a lack of triggers resulted in a sluggish trading session at the Pakistan Stock Exchange. Arif Habib Ltd said investors kept waiting for the outcome of ongoing negotiations between the government and the International Monetary Fund (IMF) for the release of the overdue loan tranche. Participation remained lethargic during trading hou
Engro Fertilisers Ltd announced on Monday its consolidated net profit for January-March was Rs4.4 billion, down 29 per cent from a year ago. Its quarterly earnings dropped 31pc from the preceding three-month period. The company also announced an interim cash dividend of Rs3.50 a share. According to Arif Habib Ltd, a surge in urea and DAP prices by 45pc and 10pc, respectively, led to a reve
IT has been a long wait. It seems that the IMF is still refusing to budge, even as Pakistani authorities thought the bailout loan would be finalised and the long-stalled funding programme resumed after confirmation of the promised financial assistance from Saudi Arabia and UAE. That the demand from the IMF for further assurances to seal the deal came just around the time Prime Minister Shehbaz
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Oil prices were steady on Monday as investors eyed Chinese economic data for signs of demand recovery in the world’s second-largest oil consumer. Brent crude futures nudged 7 cents lower to $86.24 a barrel by 0746 GMT, while US West Texas Intermediate crude was at $82.47 a barrel, down 6 cents. Both contracts notched their fourth weekly gain last week - the longest-such streak since mid-2022