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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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