fundamentals

HBL H1’24 Profit rises to Rs 57.8 billion, an increase of 12%, driven by strong business fundamentals and client focus D_Trends

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HBL H1’24 Profit rises to Rs 57.8 billion, an increase of 12%, driven by strong business fundamentals and client focus D_Trends

KARACHI: HBL today declared a consolidated profit before tax of Rs 57.8 billion for the first half of 2024, 12% higher than in the same period last year. All businesses continued to demonstrate strong growth in drivers, leading to record profit. Profit after tax increased by 10% YoY, to Rs 29.1 billion, as earnings per … Read more

Oil prices retreat as geopolitical fears subside amid weak economic fundamentals D_Trends

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Oil prices retreat as geopolitical fears subside amid weak economic fundamentals D_Trends

The global oil markets experienced significant turbulence this week, initially driven by heightened geopolitical tensions but ultimately influenced by weak economic fundamentals. Following a brief dip in oil prices at the start of the week, prices surged nearly 4% after the assassination of Hamas leader Ismail Haniyeh in Tehran on Wednesday. This event, combined with … Read more