News

MLCF allocates Rs 26 billion to undistributable capital reserves

Maple Leaf Cement Factory Limited (MLCF) adjusts capital Reserves for capacity expansion and investments.

9 months ago

HPL plans long-term benefits for shareholders with new acquisition

Hoechst Pakistan Limited (HPL) announced the acquisition of products from Sanofi affiliates.

9 months ago

RCML reports insider transaction worth over Rs 30 million

Reliance Cotton Spinning Mills Limited (RCML) announced an insider transaction carried out by multiple substantial shareholders.

9 months ago

SBP Cuts Policy Rate by 150bps: Implications for Pakistan’s Economy

The State Bank of Pakistan (SBP) has announced a significant policy rate cut of 150 basis points (bps), bringing the…

9 months ago

SUV May Sales to Improve – Which stocks will benefit?

The auto sales figures for May 2024 reveal a mixed performance among Pakistan's leading car assemblers. Overall, the sales of…

9 months ago

Steady growth in remittances supports Pakistan’s current account

Pakistan saw a significant boost in remittances, reaching an all-time high of $3.2 billion. This represents a 15% increase from…

9 months ago

SAPT announces the transfer of shares under High Court directives

Sapphire Textile Mills Limited (SAPT) announced that the 169,607 shares were transferred under a new sapphire textile arrangement.

9 months ago

Historical Impact of Capital Gain and Dividend Tax changes on PSX

The changes in CGT and dividend taxes have shown varied impacts on the market.

9 months ago

A 100bps cut expected in Jun’24 MPC as inflation gives breathing room

It is anticipated that the MPC will opt for a dovish rate cut of 100 basis points (bps), reducing the…

9 months ago

SAZEW proposes removal of existing external auditors

Sazgar Engineering Works Limited (SAZEW) has announced an extraordinary general meeting set for June 29 to approve auditor removal.

9 months ago