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In the Pakistan Stock Exchange (PSX), traders often encounter price movements that can either bebreakouts or fakeouts. Both involve a price moving beyond a key level of support or resistance, but their implications are different. Understanding the difference between the two can help investors make better trading decisions. Breakout in PSX Definition Abreakoutoccurs when the…
Karachi: The Federal Investigation Agency (FIA) Corporate Crime Circle has arrested Atif Ahmed Khan, the husband of renowned actress and model Nadia Hussain, in connection with a massive financial fraud case amounting to Rs539 million. According to FIA officials, Atif Ahmed Khan was taken into custody during a raid at his residence in Karachi. The…
Karachi:The Pakistan Stock Exchange (PSX) recently welcomed a high-profile delegation of Iraqi scholars from the Scientific Foundation for Financial Transactions (SFFT Iraq) to explore opportunities for collaboration in Islamic finance. The visit, facilitated by the Al-Sadiq (AS) Institute, Karachi, aimed to enhance the development of Islamic capital markets in both countries. During the visit, PSXs…
In a significant move towards modernization and enhanced security in banknote paper production, Security Papers Limited (SPL) has announced the approval of an upgradation project for its paper manufacturing plant. The resolution for this strategic initiative was passed at the 9th Reconvened Extraordinary General Meeting (EOGM) held on March 1, 2025. Approval for Upgradation Project…
KARACHI, 28 February 2025:In a significant milestone for the company and the countrys capital market, Zarea Limited has officially been listed on the Pakistan Stock Exchange (PSX). This marks a major step forward for the company as it embarks on its journey as a publicly traded entity. The listing of Zarea Limited on the PSX…