equity News
Pak Qatar Takaful upgraded to ‘A+’ IFS on strong underwriting, sharia governance
VIS Credit Rating Company Ltd. (VIS) has upgraded the Insurer Financial Strength (IFS) rating of Pak Qatar General Takaful Limited (PQGTL) to “A+ (IFS)” from “A (IFS)”, with a stable outlook, according to the latest press release issued by the rating agency.
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SSGC Board approves LPG, NGL deal with JJVL
The Board of Directors of Sui Southern Gas Company Limited (PSX: SSGC) has approved the initial agreement with Jamshoro Joint Venture Limited (JJVL) for the extraction of Liquefied Petroleum Gas (LPG) and Natural Gas Liquids (NGL), the company said in a notice.
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Inside NCCPL’s Rulebook Shift
The National Clearing Company of Pakistan Limited (NCCPL) has issued proposed amendments to its 2015 regulations, inviting public commentary. These proposals cover revisions to margin structures and broaden access to clearing and settlement mechanisms, notably for digital banks and equity-based Exchange Traded Funds (ETFs).
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UBL doubles profit to Rs65bn in 1HCY25
United Bank Limited (PSX: UBL) reported a stellar 106% YoY jump in after-tax profit to Rs64.7 billion for the half year ended June 30, 2025, up from Rs31.4bn in the same period last year. Earnings per share (EPS) rose to Rs26.07, doubled from Rs12.58.
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Tribunal upholds CCP’s order against price fixing in household appliances sector
The Competition Appellate Tribunal has upheld the order of the Competition Commission of Pakistan (CCP) against leading electronic home appliances brands for engaging in resale price maintenance (RPM), a prohibited form of price fixing under the Competition Act, 2010.
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Fertilizer profits set to bloom 17% YoY, EFERT, FFC likely to announce Rs4 & Rs11.5 dividends
Pakistan’s fertilizer sector earnings are forecast to rise 17% YoY and 67% QoQ in 2QFY25, driven by stronger urea and DAP offtakes during the Kharif season despite subdued farm economics and water shortages, with Engro Fertilizers (EFERT) likely to announce a second interim dividend of Rs4 per share and Fauji Fertilizer (FFC) expected to declare Rs11.5 per share, Topline Securities said in a report released today.
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UDPL attributes filing delay to internal issues
United Distributors Pakistan Limited (PSX: UDPL) has attributed its failure to submit a timely exemption application to internal delays in gathering necessary information, a lapse that ultimately led to a Rs21 million penalty imposed by the Competition Commission of Pakistan (CCP).
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TRG Pakistan plans appeal against IHC Order
TRG Pakistan Ltd. (PSX: TRG) is preparing to file an Intra-Court Appeal in the Islamabad High Court, citing “several shortcomings and irregularities” in a recent court order that directed the Securities and Exchange Commission of Pakistan to call an EOGM for board elections.
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TRG: Dominos Tumbling for the Management
In the ongoing litigation battle between the TRG Management and certain shareholders, the honorable Islamabad High Court has also lent its weight to the complaining shareholder(s), directing SECP to invoke its powers under Section 147 and to call an EOGM of the Company to conduct Elections of Directors.
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Exide Pakistan profit falls 51%, sets Rs10 dividend
Exide Pakistan Limited (PSX: EXIDE) posted a 51% drop in after-tax profit for the year ended March 31, 2025, with earnings declining to Rs614.37m from Rs1.25bn in the previous year, according to the company’s consolidated financial results issued today.
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STL approves merger with Supernet Limited under reorganization plan
Supernet Technologies Limited (PSX: STL), in collaboration with its group company Supernet Limited (GEMSPNL) and their respective members, has approved a corporate and capital reorganization involving a merger by way of amalgamation.
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Philip Morris Pakistan to voluntary delist from PSX at Rs1,300/share
The voluntary delisting application of Philip Morris (Pakistan) Limited (PSX: PMPK), involving a sponsor offer of Rs664 per share and a minimum buyback price set at Rs1,300 per share, was determined by the Voluntary Delisting Committee (VDC or the Committee) of the PSX.
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SNGP approves wholly owned subsidiary with Rs1bn capital
The Board of Directors of Sui Northern Gas Pipelines Limited (PSX: SNGP) has approved the formation and registration of a wholly owned subsidiary company with an authorized share capital of Rs1 billion and an initial paid-up capital of Rs50 million.
Go to article TRG on Thin Ice
It never rains but it pours for TRG Pakistan. Just days after TRG Pakistan found itself at the center of an adverse courtroom verdict rattling investors’ and Management’s confidence, its Management walked a tightrope of words, choosing each response cautiously during a scheduled Analyst Briefing yesterday.
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MARI re-appoints Lt Gen Anwar Ali Hyder (Retd) as Chairman of Board
Mari Energies Limited (PSX: MARI) has re-appointed Lt Gen Anwar Ali Hyder, HI(M), (Retd), Managing Director and Chief Executive Officer of Fauji Foundation, as Chairman of its Board of Directors, effective June 24, 2025.
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PAA urges reversal of unjustified WHT hike at FPCCI post-budget forum
A delegation from the Pakistan Advertisers Association (PAA) today represented the advertising and marketing communications sector at the Post-Budget Consultative Meeting on Tax Anomalies convened by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI).
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PACRA maintains entity ratings of ENGRO Corp
Pakistan Credit Rating Agency Limited (PACRA) has maintained entity ratings of Engro Corporation Limited (PSX: ENGRO) at "AA+" for the long term and "A1+" for the short term with a stable outlook forecast, a latest press release issued by PACRA showed.
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PIA’s flight to privatization gains momentum with 8 qualified bidders
The Privatisation Commission has received Expressions of Interest (EOIs) from eight interested parties for the divestment of 51 to 100 percent shareholding, along with management control, of Pakistan International Airlines Corporation Limited (PIACL), as part of the government’s second attempt to privatize the national carrier.
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ARL signs $600m agreement for major refinery upgrade
In a major development, Attock Refinery Limited (ARL) has signed a $600 million agreement with Italy’s STP Studi Technologici Progetti S.p.A. for the Front End Engineering Design (FEED) and Project Management Consultancy (PMC) of its refinery upgradation project.
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Tribunal upholds CCP’s decision against Pakistan Steel Mills for abuse of dominance
The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan (CCP) decision against Pakistan Steel Mills (PSM), affirming its ruling that the state-owned enterprise had abused its dominant position in the sale of low-carbon steel billets.
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SLG-Trax delivers first TIR cargo to Uzbekistan
In a milestone development for regional connectivity, Secure Logistics – Trax Group Limited (SLG-Trax) has successfully completed its first cargo delivery to Tashkent, Uzbekistan under the Transports Internationaux Routiers (TIR) mechanism.
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PSX proposes rule changes to tackle technical glitches in trading system
In a move aimed at strengthening operational resilience, the Pakistan Stock Exchange (PSX) has proposed amendments to its regulations that would formalise the process for suspending or shutting down trading due to technical faults in the trading system.
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Gharibwal Cement boosts solar capacity to 24.5MW
Gharibwal Cement Ltd. (PSX: GWLC) has commissioned an additional 12.5 megawatts (MW) of solar power at its plant site, bringing its total installed solar capacity to 24.5MW, according to the company's filing to the Pakistan Stock Exchange.
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GLOT shareholders file suit to cancel SPA with OBS Pakistan
Shareholders of Globe Textile Mills Limited (PSX: GLOT) have filed a civil suit in the court of the VIII Senior Civil Judge, Karachi South, seeking the cancellation of the Share Purchase Agreement (SPA) executed on July 27, 2018...
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FCCL denies interest in ACPL, issues clarification on media speculation
Fauji Cement Company Limited (PSX: FCCL) has issued a formal clarification in response to a news item circulating on electronic media dated May 30, 2025, which suggested a purported interest of FCCL in Attock Cement Pakistan Limited (ACPL)...
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SHFA to approve nearly 106m share acquisition in SMCI at EOGM
Shifa International Hospitals Ltd (SHFA) held an Extraordinary General Meeting (EOGM) to consider and approve the acquisition of approximately 105.8 million shares of Shifa Medical Center Islamabad (SMCI) from all remaining shareholders...
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SECP grants TRG Pakistan shareholders option to retrieve tendered shares amid legal hurdles
The Securities and Exchange Commission of Pakistan (SECP) has directed AKD Securities Limited to accommodate shareholder requests for the return of tendered shares in the ongoing acquisition of TRG Pakistan Limited, following legal challenges that have stalled the transaction...
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,597.36 256.32M | -0.05% -68.14 |
| ALLSHR | 85,286.16 608.38M | -0.48% -413.35 |
| KSE30 | 42,340.81 77.13M | -0.03% -12.33 |
| KMI30 | 193,554.51 76.19M | -0.83% -1627.52 |
| KMIALLSHR | 55,946.05 305.11M | -0.79% -443.10 |
| BKTi | 38,197.97 16.53M | -0.59% -225.01 |
| OGTi | 27,457.35 6.73M | -0.94% -260.91 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 117,670.00 | 121,165.00 117,035.00 | -1620.00 -1.36% |
| BRENT CRUDE | 69.23 | 70.77 69.14 | -0.29 -0.42% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 66.03 | 67.54 65.93 | -0.20 -0.30% |
| SUGAR #11 WORLD | 16.79 | 17.02 16.71 | 0.05 0.30% |
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Pakistan Stock Movers
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