Skip to main content

Brent crude oil futures declined by 2.3%, closing at $79.5 per barrel on Tuesday. This marked a reversal after a significant increase of over 7% during the preceding three trading sessions. The decline was attributed to easing tensions in the Middle East and worries about a possible closure of Libyan oil fields subsiding.

AGP Limited (PSX:AGP) reported its Q2 financial results for the period ending June 30, 2024. In this quarter, AGP earned a net income of Rs. 1.4 per share. No dividend was declared. See note.

Packages Limited (PSX:PKGS) for the second quarter -Jun 2024 earned just a profit after tax of Rs 29.6 million compared to Rs 114.2 million in the same quarter last year. No dividend was declared. Packages is a closely held company with low liquidity. See announcement

Fatima Fertilizer Co. Ltd., (PSX:FATIMA) announced its Q2 financial results for the period ending June 30, 2024. In the latest quarter (Q2 June 2024), FATIMA earned a net income of Rs. 2.4 per share and declared a cash dividend of Rs. 2.75 per share. See Note

Pakistan State Oil Co Ltd (PSX:PSO) announced a cash dividend of Rs 10 per share for the year ending June 2024. However, the net income in the Q4 was primarily due to a tax write-back; otherwise, the company would have ...See note

Fauji Cement Company Limited (PSX:FCCL) announced its annual financial results for the year ending June 30, 2024. In the latest quarter (Q4 June 2024), FCCL earned a net income of Rs. 0.5 per share and declared a cash dividend of Rs. 1 per share. See Note

Popular posts from this blog

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.
 A Snapshot of Exchange Traded Funds at PSX

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.