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Category: Brokerage

Tax Reversal Propels Bottom-line for Pakistan State Oil in 3QFY24

Karachi, Pakistan State Oil (PSO) reported its 3QFY24 earnings, revealing a Profit after Tax (PAT) of PKR 5.65 billion (EPS: PKR 12.03), which was lower by 59% compared to the same period last year, but above expectations. The company’s gross margins i…

Maple Leaf Cement reports reduced earnings in third quarter

Lahore, Maple Leaf Cement Factory Limited (MLCF) reported a 33% decrease in consolidated earnings for the third quarter of fiscal year 2024, recording profits of PkR1.5 billion, down from PkR2.2 billion in the previous quarter. The company attributed t…

KSE-100 Index Rises as Market Maintains Bullish Momentum

Karachi, The KSE-100 Index saw significant gains, closing at 72,052 points after a daily rise of 692 points, indicating a continued bullish trend in the Pakistan stock market. Despite a slight drop in trading volume from 656 million to 599 million sha…