· Market went up by 645pts during the session and closed the session +459pts on account of a host of corporate result announcements scheduled for today. Although the results of key companies posted healthy growth, the pertinent stock prices did not respond in the same fashion.… Continue

The Karachi Port Trust handled 121,165 tons of cargo comprising 95,981 Tones of import cargo and 59,836 Tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 95,981 comprised of 79,193 Tons of Containerized Cargo, 2,326 Tons of Bulk Cargo, 2,833 Tons of DAP, 4,000 Tons of Rock Phosphate, 4,893 Tons of Soya Bean Seeds and 2,736 Tons of Oil/Liquid Cargo

TOTAL EXPORT CARGO:

The total export cargo of 25,184 tons comprised of 13,383 tons of containerized cargo, 11,801 Tons of Clinkers.… Continue

Maple Leaf Cement Factory Limited (MLCF) is scheduled to announce its 3QFY21 financial result in pre-open tomorrow.

The markets expect that the company to post earnings of PKR 1,458mn (EPS: PKR 1.33) compared to a loss of PKR 960mn (LPS: PKR 0.87) in SPLY and PKR 1,070mn (EPS: PKR 0.97) in 2QFY21.… Continue

Board meeting of Attock Cement Pakistan Limited (ACPL) is scheduled on 26th Apr’21 whereby the company will finalize earnings for 3QFY21. We expect the company to post a bottom-line of PKR 407mn (EPS: PKR 2.96) during the quarter under review against PKR 353mn (EPS: PKR 2.57) in SPLY and PKR 425mn (EPS: PKR 3.09) in 2QFY21.… Continue

Emirates today commenced trials of the International Air Transport Association (IATA) Travel Pass– a mobile app to help passengers easily and securely manage their travel in line with any government requirements for COVID-19 testing or vaccine information.

The first passengers travelling from Dubai to Barcelona on EK 185 today trialled the ‘digital passport’ to verify and share their pre-travel COVID-19 test status with Emirates.… Continue

Total exports in March 2021 clocked in at US$2.4bn, up 14% mom and 30% yoy (albeit from a low base, due to the Covid-19 lockdown last March). This took total exports in 9MFY21 to US$18.6bn (up 7% yoy).

Textile exports (about 60% share in overall exports) rose 10% mom to c.… Continue

Mobilink Microfinance Bank Limited (MMBL), the largest digital bank in Pakistan, has launched a School Loan – an innovative offering aimed at financially empowering all non-state schools – local private schools, school chains, and technical educational institutions – operating in rural, semi-urban, and urban areas to continue delivering quality education.… Continue

Engro Polymer & Chemicals Limited (EPCL) management held an analyst briefing session on 19th Apr’21 to discuss the 1QCY21 financial result and future outlook.

Key Takeaways

· To recall, the company posted consolidated earnings of PKR 4,143mn (EPS: PKR 4.56) in 1QCY21 compared with PKR 193mn (EPS: PKR 0.21) in 1QCY20, up by 21x YoY.… Continue

Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday lauded Prime Minister Imran Khan for taking notice of the dwindling infrastructure in Karachi and other areas of Sindh.… Continue

Over 2 billion users come to YouTube every month to get their dose of entertainment, educate themselves, learn skills and engage with their favourite creators and communities. Pakistanis are no different – not only do they love watching YouTube content, but they also create some amazing pieces that reach millions of fans globally.… Continue

The Government, Business community representatives and the Private sector must work together to protect the city’s environment. The Korangi Association of Trade and Industry (KATI) has always set an example for the city to be green, beautiful and improve the environment.… Continue

The Karachi Port Trust handled 223,809 tons of cargo comprising 163,973 Tones of import cargo and 59,836 Tons of export cargo during last 48 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 163,973 comprised of 72,024 Tons of Containerized Cargo, 2,181 Tons of Bulk Cargo, 5,865 Tons of DAP, 6,650 Tons of Rock Phosphate, 6,836 Tons of Soya Bean Seeds and 70,417 Tons of Oil/Liquid Cargo

TOTAL EXPORT CARGO:

The total export cargo of 59,836 tons comprised of 36,233 tons of containerized cargo, 22,193 Tons of Clinkers, 1,410 Tons of Oil / Liquid Cargo.… Continue

Engro Fertilizers Limited (EFERT) reported an impressive earnings growth of 10.0x YoY to PKR 5.7Bn (EPS: PKR 4.3) in 1QCY21. Massive growth in profitability was primarily attributable to improved urea margins, higher urea offtake (↑ 3.5x YoY), and robust performance of its trading portfolio, including the DAP segment.… Continue

·        Following the turmoil developed over the weekend on the law and order front, the KSE100 index dropped by 694pts during the session, however, recovered roundabout 600pts afterwards. New Finance Minister taking the charge today, helped boost investors’ confidence, however, selling pressure kept the recovery in Index in check.… Continue

Faysal Bank Limited recently conducted a virtual corporate briefing session. Through the session, the Bank’s Chief Financial Officer, Syed Majid Ali, briefed the analyst community and shareholders about the Bank’s business strategy, financial performance and its outlook.

The Bank has made significant progress on its strategy of conversion to an Islamic bank.… Continue