KARACHI: The Pakistan equity market lost 3.7 per cent during the week ended February 25, 2022 on the back of major concerns over the Russia-Ukraine conflict, while range-bound activity is expected next week, analysts said. An analyst at Pearl Securities said Russian president Putin ordered a military operation where forces launched a full invasion in … Read more
Targeting 53,000 points by December 2022, Arsalan Soomro at KASB Securities project earnings growth of 12 per cent and a dividend yield of 6 per cent. Moreover, the index has the potential to re-rate once issues relating to the cash-starved energy chain are appeased. After considerable signs of economic overheating, the government and the central … Read more
KARACHI: Fauji Cement Company Limited (FCCL) would issue 800.5 million shares for every Askari Cement share as the equity swap ratio for the merger between the two cement makers is set at 5:1, which implies every one share of Askari Cement will be entitled to five shares of FCCL for the amalgamation between the two … Read more
