Recent Financial News in the 'psx' category
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Monday, November 17 2025
Buying continues, PSX gains over 400 points during trading
Bulls continued to make further inroads at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 400 points during the intra-day trading on Monday.
Stocks kicked off the week on a positive note, as the KSE-100 Index hit an intra-day high of 163,602.15 during the opening hours of trading.
At 12:40pm, the benchmark index was hovering at 162,348.94, an increase of 413.75 points or 0.26%.
Across-the-board buying interest was observed in key sectors including automobile assemblers, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, MARI, OGDC, POL, PPL, PSO, SNGPL, SSGC, MCB, MEBL and UBL, traded in the green.
The PSX ended the previous week with strong gains despite persistent geopolitical uncertainty, as the KSE-100 Index rose 2,342.29 points or 1.5% to close at 161,935.19.
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Pakistan’s rice exporter Matco Foods transfers spice, masala segment to Falak Foods subsidiary
In a strategic move, Matco Foods Limited, one of Pakistan’s leading rice exporters, has formally transferred its spice and masala packaging segment to its wholly owned subsidiary, Falak Foods (Private) Limited.
The listed company informed its stakeholders in a notice to the Pakistan Stock Exchange (PSX) on Monday.
“We are pleased to inform you that further to our earlier disclosure dated May 9, 2025 we have executed a Business Transfer Agreement dated November 17, 2025 with our wholly owned subsidiary Falak Foods (Private) Limited, pursuant to which the spice/masala packaging segment of Matco Foods Limited under the brand of ‘Falak Foods’ has been carved out and transferred to Falak Foods (Private) Limited,” read the notice.
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mfl
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Friday, November 14 2025
PSX jumps 2,474 points on political stability
The Pakistan Stock Exchange (PSX) extended gains on Thursday, when the benchmark KSE-100 index surged 2,474 points, or 1.56%, as the passage of 27th Constitutional Amendment and the expected release of International Monetary Fund's (IMF) loan tranche sparked investor interest.
Trading remained robust for almost throughout the session, during which the index touched the intra-day high of 160,945 and low of 158,971. The upbeat sentiment reflected renewed investor confidence driven by political stability, improved security conditions and a calmer regional outlook. The rally was led by cement, fertiliser and oil & gas sectors.
KTrade Securities equity trader Ahmed Sheraz commented that PSX saw a strong reversal of fortunes as the KSE-100 index surged 2,474 points to close at 160,657.5. The rally was broad-based with major sectors including cement, fertiliser and oil & gas recording significant gains.
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Stocks remain robust, KSE-100 gains over 1,000 points in early trade
Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening hours of trading on Friday.
At 10:35am, the benchmark index was hovering at 161,704.79, an increase of 1,047.30 points or 0.65%.
Buying was observed in key sectors including automobile assemblers, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including OGDC, POL, PPL, PSO, WAFI, HBL and MCB, traded in the green.
On a corporate front, the warring Board of Directors of K-Electric on Thursday put off its meeting after one group walked out of the meeting after approval of the first item of the proposed agenda, well-informed sources told Business Recorder.
The primary intention of directors representing the government and AsiaPak was to make a decision regarding the removal of Chief Executive Officer (CEO) Syed Moonis Abdullah Alvi. The recent activities of some KE Board members have irritated Al-Jomaih Group of Saudi Arabia, which has already sent a legal notice of $2 billion to Islamabad.
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Maple Leaf plans to buy majority stake in Pioneer Cement
Maple Leaf Cement Factory Limited (MLCF) has moved to acquire a majority stake in Pioneer Cement Limited (PIOC), submitting an intention to purchase at least a 58.03% shareholding to the Pakistan Stock Exchange (PSX).
“Next Capital Limited, vide its letter dated November 13, 2025, which was disclosed to the PSX, has announced that on behalf of Maple Leaf Cement Factory Limited (acquirer), it has submitted the acquirer’s public announcement of intention to acquire at least 58.03% shareholding and control of Pioneer Cement Limited,” Pioneer Cement said in its notice to the bourse on Friday.
MLCF informed on Thursday that it was considering purchasing PIOC shares. However, at the time, the company did not disclose the number of shares it intends to purchase.
Middle East Vision Holdings Ltd currently holds PIOC’s majority stake of 47%, said JS Global in a note.
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mlcf
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pioc
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