Market Commentary During the week, the market experienced a mixed sentiment, yet ultimately concluded on a positive note, closing at the highest-ever index of 70,910 points. The positive momentum was driven…
The market maintained its upward trajectory throughout the 2-day working week, (due to Eid-ul-Fitr holidays), settling at an all-time high level above 70,000 points. The positive sentiment stemmed from the…
Engro Corporation, in a recent notification, announced that it has entered into a definitive agreement with Liberty Power Holding (Pvt.) Limited to sell its entire energy vertical, including Engro Power…
Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and consortium for the sale of…
The index opened on a positive note and faced a volatile trading sessions. The local bourse posted a high of 299pts, a low of 264pts and concluded with a loss…
Week remained bullish with the benchmark index breaking its previous closing highs and exceeding the 67k level. Overall, the first four trading days cumulatively added around 2k pts, with the…
Secure Logistics Group Ltd IPO's book-building phase will be held on March 27th and 28th. High-net-worth individuals and institutional investors will subscribe to 100% of the issue size (50 million…
Systems Limited (SYS) announced the financial result for CY23 whereby the company posted a PAT of PKR 8,689mn (EPS: PKR 29.8) against a PAT of PKR 6,629mn (EPS: 22.8) during…
Al-Ghazi Tractors (AGTL) reported a 4QCY23 NPAT of PKR829mn (EPS: PKR14.30), declining 16% QoQ but improving from a loss incurred last year. This brings the CY23 EPS to PKR45.06, reflecting…
Wilmar Pakistan Holdings Pte. Ltd. ("WPH", a wholly owned direct subsidiary of Wilmar International Limited), Unity Wilmar Agro (Private) Limited ("UWA", a 52% subsidiary of WPH) and certain shareholders of…
PSX's outlook Ongoing discussions with the IMF focus on securing the SBA's second tranche. On successful conclusion, Pakistan will receive the third tranche of the SBA, totaling USD 1.1 bn.…
On the political front, forming a government at the centre via a coalition of major victorious political parties will keep the investor sentiment positive. Moreover, the government and SBP have…
Profits of key companies listed at PSX have remained fabulous despite the economic issues faced by Pakistan. In calendar year 2023, 83 companies (88% of market capitalization) of KSE 100…
Nishat Chunian Power Limited (NCPL) announced its 1HFY24 financial result today, where the company posted a profit after tax (PAT) of PKR 2,425mn (EPS: PKR 6.60), up by 32% YoY…
The profitability of the KSE-100 index continues to soar to new heights, posting a robust growth of 51% YoY in CY23. The growth in profitability during the period was attributable…
Nestlé Pakistan ended the year on a positive note, with an increase of 23.4% in its revenue as compared to FY 2022. The results were shared after the Board of…
Market Commentary The market momentum remained buoyant, surpassing 62,000 points again from 59,000 points last week. The elated sentiment comes amid an agreement between winning political parties to form a…
Pakistan Cables Limited has uploaded important material information to the Pakistan Stock Exchange (PSX), which triggered the script price in the second half of trading, even touching the upper lock…
According to Arif Habib Ltd Sales, following an agreement to form a govt following almost 2-weeks of deadlock, the KSE-100 rallied to close near the HoD and +1.81% DoD. OGDC…
Security Paper Limited (PSX: SEPL) released its financial statement for the first six months of the fiscal year ending December 31, 2023, announcing a profit of Rs 746 million (EPS…
Market Commentary The local bourse remained under pressure during the week amid political uncertainty and the IMF rejecting the proposal related to curtailment of the stock of circular debt, due…
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the year ended December 31, 2023. The Company continued its growth trajectory and delivered another record year with the highest-ever…
· PTI-backed independents won the most seats in Pakistan's 2024 elections, defying expectations and leading to a hung parliament. Coalition talks are ongoing, but the future government structure remains uncertain. · According…
In its latest Quarterly Index Review (QIR), the MSCI has announced changes in its global indices constituents, effective from Mar 01, 2024. Three stocks including BAHL, ILP and SNGP added…
Another big down day to take post-election declines to -4.88%. Only 3 stocks rose while 88 shares fell, with OGDC PA (-7.5%), PPL PA (-7.5%), and MARI PA (-5.59%) biggest…
