Karachi, November 20, 2024 – Hascol Petroleum Limited on Wednesday submitted its reply to Pakistan Stock Exchange (PSX) regarding unusual movements of shares. Hascol Petroleum said that the company remains committed to promptly disclosing any material or price-sensitive information that may impact the trading price or volume of its shares, in strict compliance with the Securities Act, 2015 and PSX Regulations.
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IBEX Repurchases 20% Stake from TRGI in $70 Million Deal
Karachi, November 20, 2024 – TRG Pakistan (TRG) announced that its associate company, The Resource Group International (TRGI), has entered into a definitive agreement with IBEX Limited (Nasdaq: IBEX), which has repurchased approximately 3.56 million shares of IBEX from TRGI. The repurchased shares represent 20% of IBEX’s total outstanding shares, reducing TRGI’s stake in the company from 30% to 12.5%.
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PSX Asks Hascol Petroleum to Explain Unusual Share Movements
Karachi, November 20, 2024 – The Pakistan Stock Exchange (PSX) has issued a formal notice to Hascol Petroleum Limited, requesting an explanation regarding the unusual fluctuations in the price and volume of its shares.
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Pakistan Stocks Hit All-Time High as Bulls Add 861 Points
Karachi, November 19, 2024 – Pakistan stocks surged to an all-time high on Tuesday as bullish momentum dominated trading, adding 861 points to the benchmark KSE-100 index. The index closed at 95,857 points, up from the previous day’s 94,996 points.
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KSE-100 Index Closes Near 95K, Hits New Record High
Karachi, November 18, 2024 – The Pakistan Stock Exchange (PSX) saw a significant milestone on Monday as the benchmark KSE-100 index closed near the 95,000 mark, setting a new all-time high.
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PSX Announces List of Top 25 Companies Awards for 2023
Karachi, November 16, 2024 – The Pakistan Stock Exchange (PSX) has officially revealed the list of winners for its prestigious Top 25 Companies Awards for 2023. These awards, which have been recognizing corporate excellence since their inception in 1978, highlight the achievements of companies that excel in various aspects of business, including financial performance, governance, operational excellence, and sustainability initiatives.
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KSE-100 Index Projected to Hit 120,000 by 2025
Karachi, November 16, 2024 – Analysts at Arif Habib Limited (AHL) project the KSE-100 Index, Pakistan’s benchmark stock market index, to reach 120,010 points by December 2025, forecasting a 27% return over the next 13 months. The prediction comes as the index continues its remarkable performance, emerging as the world’s best-performing stock market from October 2023 to November 2024.
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Banking Sector Drives KSE-100 to New Peak of 94,764 Points
Karachi, November 15, 2024 – The KSE-100 index of the Pakistan Stock Exchange (PSX) soared to a historic high of 94,764 points on Friday, marking a remarkable milestone in Pakistan’s financial markets. The benchmark KSE-100 index posted a gain of 572 points, advancing from the previous close of 94,192 points and continuing a bullish trajectory that has captured investor attention.
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KSE-100 Index Surges to Record 94,192 Points Amid Rally
Karachi, November 14, 2024 – The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index reached a historic high of 94,192 points on Thursday, bolstered by sustained investor confidence and strong buying momentum. The index saw a gain of 836 points from the previous day’s close of 93,356 points, reflecting a significant 0.9% increase and marking a new all-time high.
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Pakistan Stocks Gain 131 Points Amid Mutual Fund Buying
Karachi, November 13, 2024 – Pakistan stocks rallied on Wednesday, gaining 131 points as buying from local mutual funds bolstered market performance. The KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 93,355 points, up from the previous day’s close of 93,224 points, marking a gain of 0.14%, according to analysts.
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