Profit-takers held sway over the stock market on Wednesday as investors chose to cash in their earlier gains. Topline Securities Ltd said banking, auto and IT stocks performed well while some energy heavyweights put a dent to the index of the representative shares listed on the national bourse. Furthermore, the rupee experienced a second day of depreciation against the dollar before settling
Chinese President Xi Jinping announced eight major steps to support high-quality cooperation, in his speech at the opening ceremony of the third Belt and Road Forum on Wednesday. Here are the highlights: Multidimensional network China will build a multidimensional connectivity network, speeding up the development of the China-Europe Railway Express, participate in the trans-Caspian internati
Engro Polymer and Chemicals Ltd said on Wednesday its earnings for July-September increased 17 per cent year-on-year to Rs2.6 billion. Arif Habib Ltd said the company’s net income also increased 69pc from the preceding quarter due to higher sales volumes and a lower tax charge. Along with the result, the company also announced a cash dividend of Rs2.50 per share, taking the nine-month pay-ou
As Indus Motor Company (IMC) closed its plant for a month from Oct 17, two more Japanese vehicle assemblers have announced shutting down their production activities for a limited period. In a stock filing, Honda Atlas Cars Ltd (HACL) said it would keep production activities suspended for eight days starting Oct 24 due to low levels of inventory and part shortages that have severely affected the
Pakistan International Airlines (PIA) announced that the severely disrupted flight schedule is returning to normal after securing funds for fuel purchase on Wednesday. A spokesperson for the national flag carrier stated that PIA’s flight schedule is gradually returning to normal after arranging funds for fuel provision. He said that the airline managed to secure funds from its own resources,