Karachi: Bank Bank Limited (PSX: ABL) has a profit after a tax of 8.48 billion rupees for a quarter ending on March 31, 2025, a decrease of 26.97 % from 11.61 billion rupees in the same period last year. The share profits decreased to 7 rupees, compared to the RS10 in the first quarter of … Read more
China’s crushing “Ne Zha 2” helped to enhance profits and revenues in IMAX during the first quarter of 2025. The large screen company recorded $ 86.7 million for a long time in March, an increase of 10 % from 79.1 million dollars in the same quarter of last year. These revenues were higher than Wall … Read more
Karachi: The Pakistani Stock Exchange (PSX) ended a group related to almost unchanged on Tuesday, as the KSE-100 Al-Ma’ari index was closed with a marginal increase of 46.97 points, or 0.04 %, to settle at 118,430.35. In its comment after the market, the Topline Securities said that the feelings of investors received an elevator from … Read more
Alphabet will report its quarterly profits on Tuesday, as investors focus on spending artificial intelligence and the impact of the slower growth in advertisements and cloud revenues. Estimates collected by LSEG indicate that Alphabet’s revenues for the fourth quarter are expected to rise by 11.9 % to 96.6 billion dollars, less than the previous quarter … Read more
The stock market is expected to maintain a positive direction in the short term, as momentum is largely affected by the profits of the upcoming companies and inflation data in January 2025, according to a report issued by Akd Securities. The market has been volatile throughout the week ending January 31, 2025, and is largely … Read more
Most of the stock markets in the Gulf opened a decrease on Wednesday due to the profits of dull companies, although the Saudi index rose on strong gains by Al -Raji Bank. Dubai’s main stock index decreased by 1 %, as it decreased by 8.6 % in senior UAE lenders NBD (ENBD), in its course … Read more
The government has established a high-level committee to review fiscal measures related to the ratio of advances to deposits in the banking sector and explore alternative plans to impose a tax on banks’ profits earned from investing in government securities. Prime Minister Shehbaz Sharif formed the committee, headed by Deputy Prime Minister Ishaq Dar, tasked … Read more
Sui Southern Gas Company Limited (SSGC) reported a significant financial turnaround for Q1FY24 (Sep 30, 2023), posting a profit of Rs 4.16 billion (earnings per share: Rs 4.72), compared to a loss of Rs 5.16. 59 billion (loss per share: Rs 6.35) during the same period last year. The company’s improved performance was driven by … Read more
Pakistani public sector companies made net profits of Rs102 billion during the first half of the last fiscal year 2023-24, despite continuing losses from power distribution companies and Pakistan International Airlines (PIA). The Ministerial Committee on State-Owned Enterprises, headed by Finance Minister Muhammad Aurangzeb, approved the semi-annual report for the period July-December 2023, which shows … Read more