The caretaker government decided to keep the prices of petrol and high-speed diesel (HSD) unchanged for the first fortnight of the new year. According to a statement issued by the finance ministry, the per-litre price of petrol will remain at Rs267.34 and that of HSD at Rs276.21 until mid-January. The ministry said the government had left the prices unchanged on the recommendation of the Oi
Bullish sentiments prevailed in the stock market for the second consecutive session, propelling the KSE-100 index above the 62,000-point level on Thursday. Topline Securities Ltd said the positive momentum spurred significant buying interest across various sectors, particularly power, banking, oil and gas and cement. Key contributors to the upward trend included the Hub Power Company Ltd, Ba
With the last trading session remaining, the benchmark of major shares listed on the Pakistan Stock Exchange went up 54 per cent in rupee terms during 2023 while the total value of all shares surged 39pc to Rs9 trillion. The best performing sectors in the outgoing year were refinery, chemical and power generation with a respective increase in their market capitalisation of 88pc, 73pc and 65pc,
The Pakistan Stock Exchange (PSX) continued its recovery for a second consecutive day on Thursday as the benchmark index rose by more than 1,100 points. According to the PSX website, the KSE-100 index gained 957.32 points to reach 61,820.94 points at 10:30am, up 1.5 per cent from the previous close of 60,863.62 points. It eventually closed at 62,052.23 after surging 1188.61 points or 1.92pc.
The Ministry of Finance has anticipated that inflation will experience a gradual decline from this month mainly due to an improved supply situation, alleviation of imported inflationary pressures and the influence of a high-base effect. Inflation is expected to remain at 27.5-28.5 per cent in December 2023 and to fall further to 24-25pc in January 2024, according to the Monthly Economic Update