KSE-100 Index Surges Over 1,000 Points Amid Strong Sectoral Performance
The Pakistan Stock Exchange (PSX) saw a strong rally on Friday as the KSE-100 Index gained over 1,000 points, fueled by investor interest in key sectors like automobiles, oil, and banking. The market’s upbeat performance was also buoyed by corporate developments and sectoral optimism.
Engro Fertilizers Reports 21% Profit Decline in 9MFY25 Amid Lower Sales and Higher Finance Costs
Engro Fertilizers Limited reported a 21% decline in profit after tax for 9MFY25, driven by lower sales and rising finance costs, despite improved gross margins and controlled operational expenses.
PSX Inches Forward with Marginal Gain, Closes Week on a Mixed Note
The Pakistan Stock Exchange ended Friday on a flat note with the KSE-100 inching up by just 20.64 points. Gains in cement and banking stocks were offset by declines in fertilizers and technology, keeping market sentiment mixed.