PSX Closing Bell: Bulls Miss by a Whisker

Pakistan’s benchmark KSE-100 Index closed Tuesday’s trading session at 176,466.99, shedding 508.68 points or 0.29%, as heavy selling in commercial banks and cement stocks outweighed gains in technology, fertilizer and selected exploration companies.

PSX in August

Engro Corp agrees to sell over 56% EPCL stake

Lotte Chemical Pakistan Limited has entered into a share purchase agreement with Engro Corporation Limited for the acquisition of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL), involving approximately 56.19% of EPCL’s issued and paid-up ordinary share capital.

PSX Closing Bell: Not Quite Green

Pakistan’s benchmark KSE-100 Index closed Monday’s trading session at 176,975.67, shedding 720.83 points or 0.41%, as heavy selling in commercial banks, technology and cement stocks outweighed gains in refinery and selected energy stocks.

FIA names Unity Foods' Ex-CEO in Rs44.7bn fraud case

The Federal Investigation Agency has registered a criminal case against the former leadership of Unity Foods Limited (PSX: UNITY), accusing them of a multi-year scheme that allegedly siphoned billions of rupees out of the KSE-100-listed edible-oil major and left a Rs 44.7 billion gap between its published accounts and its own internal records.

Kohat Cement joins FESCO privatization

Kohat Cement Company Limited (PSX: KOHC), along with a consortium of prominent corporate entities, has expressed interest in acquiring a controlling stake in Faisalabad Electric Supply Company Limited (FESCO), the company disclosed to the Pakistan Stock Exchange.

PSX Closing Bell: A Soft Step Up

Pakistan’s benchmark KSE-100 Index closed Friday’s trading session higher by 373.73 points or 0.21% at 177,696.50, as buying in commercial banks and technology stocks helped the index finish in positive territory despite broader market weakness.

PSX Closing Bell: A Little Offbeat

The benchmark KSE-100 Index concluded Thursday’s trading session at 177,322.77, showing a decrease of 47.93 points or 0.03%.

Systems bets big on AI, global expansion

Systems Limited (PSX: SYS) expects to sustain its growth momentum through a healthy backlog, targeted acquisitions, expansion into new service lines and rising enterprise demand for artificial intelligence (AI), according to the company’s latest financial review.

PSX Closing Bell: Bulls Keep a Slim Lead

Pakistan’s benchmark KSE-100 Index closed Tuesday’s trading session at 177,370.70, gaining 404.02 points or 0.23%, as selective buying in commercial banks, cement and fertilizer stocks helped the market recover despite weakness in oil exploration and technology sectors.