Fauji Cement Company Limited

Secretary of State Marco Rubio said Washington looked forward to exploring cooperation with Pakistan on critical minerals and hydrocarbons, with his comments coming in a statement issued by the State Department on Pakistan’s Independence Day. ReutersFinancial irregularities totaling Rs98.56 billion have been identified in the Economic Affairs Division for the fiscal year 2023 24, primarily due to the non-recovery of long-outstanding foreign loans, according to a news report.

The equity market opened on a strong note but failed to maintain its momentum. The KSE-100 Index recorded an intraday high of 147,892 and a low of 146,418, ultimately closing at 146,529 — a decline of 476 points. Total trading volume stood at 298.2 million shares, with a traded value of PKR 29.6 billion.Key contributors to the index’s decline included FFC (-1.1%, -137 points), EFERT (-2.7%, -113 points), PPL (-2.1%, -89 points), MCB (-1.6%, -81 points), and HMB (-3.7%, -69 po ...

The index opened the session on a strong footing, hitting a new record high, but experienced volatility throughout the day. It recorded an intraday peak of 1,047 points and a low of 35 points before ending with a modest gain of 76 points at 147,005. Trading volumes increased by 11% from the previous session. The RSI stands at 82.41, indicating overbought conditions, while the daily Parabolic SAR remains below the index level. The MACD is in positive territory and crossed abov ...