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A potential takeover of the renowned PC Hotels chain is on the horizon after two firms acquired a controlling 56% stake in its parent company, Pakistan Services Limited (PSL). The coordinated purchases, worth over Rs12 billion, have fueled market speculation and raised questions about the future direction of one of Pakistan’s most iconic hospitality brands. …
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Tesla stock plunged by 15%, wiping out all the gains it had made after the U.S. presidential election. The decline followed an analyst’s lowered delivery forecast, which triggered a wave of selling and increased pressure on the stock. Tesla had experienced a surge in stock value after Donald Trump’s election victory, reaching its peak in …
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Lotte Chemical Korea has finalized a deal to divest its entire stake in Lotte Chemical Pakistan Limited (LCPL). The sale, announced on February 19, 2025, transfers the company’s 75.01% ownership to AsiaPak Investments Limited and Montage Oil DMCC. This move is part of Lotte Chemical Korea’s business portfolio transformation strategy. Share Purchase Agreement Details In …
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The stocks, on Thursday, soared to an intraday high of over 88,300 points. Investors showed strong interest in rate-sensitive sectors, anticipating significant monetary policy easing from the central bank. The overall economic outlook remains upbeat, driving investor confidence. The benchmark KSE-100 index surged by 1,125.84 points, or 1.29%, reaching 88,320.37 points around 1 PM. This …
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