Tue, 21-Oct-2025

PSX closes higher over likely IMF agreement

KARACHI: The Pakistan stocks closed higher as investors weigh imminent International Monetary Fund (IMF) bailout staff level agreement and likely government decision to reduce petroleum prices impacting industries. Ahsan Mehanti at Arif Habib Corp said that institutional interest ahead of major earning announcements played a catalyst role in the bullish close. The Pakistan Stock Exchange … Read more

Sedco offering to increase REIT fund by $187 million

Sedco

DUBAI: Saudi Arabia-based asset management firm Sedco Capital has launched an additional offering of its real estate investment trust fund to increase asset value by SR702 million ($187 million), Arab News reported. The offering period will run for five days until December 16, the company said in a statement. The price is set at SR10/unit. Sedco Capital … Read more