Bullish Run: Pakistan Stock Exchange Hits All-Time High on Pre-Budget Optimism The Pakistan Stock Exchange (PSX) roared to an all-time high this week, breaching the historic 73,000 barrier in a pre-budget rally. This surge was fueled by a confluence of positive factors, including robust data on remittances, rising foreign currency reserves, and speculation surrounding negotiations…
Reddit IPO: Share sale values social media firm at $6.4bn Reddit, the renowned online forum, has made headlines with its remarkable initial public offering (IPO), raising a staggering $748 million by selling 22 million shares at $34 each. This move positions Reddit as one of the leading social media firms in terms of IPO size….
Toyota Pakistan Shuts Down Production Plant for 6 Days Indus Motor Company Limited, renowned for its production of Toyota and Daihatsu automobiles in Pakistan, has recently apprised its investors of an imminent temporary shutdown at its manufacturing facility. The rationale behind this decisive action encompasses a confluence of circumstances, notably comprising a shortage of vehicles…
