Secure Logistics Group Limited (SLGL) held its analyst briefing on May 21 to apprise investors of the CY23 result and future outlook. The following are the highlights: · Net Sales for…
Pakistan Aluminum Beverage Cans Ltd (PABC) held its analyst briefing yesterday to apprise investors on the CY23 results and future outlook. Following are the key highlights: · Net Sales for CY23…
The dominant bullish trend in the index continued on Friday, with the benchmark KSE-100 index surpassing the 75,000 mark at the close. The index achieved higher highs and higher lows…
According to a PSX notice, SEARL has in principle approved the 100% disposal of its 90.61% shareholding / control in Searle Pakistan (SPL) – formerly OBS Pakistan. This follows SEARL's…
In its latest Index Review, MSCI announced changes in its global indices constituents, effective June 1, 2024. The National Bank of Pakistan (NBP) has been added to the MSCI FM…
Pakistan Stock Exchange (PSX) is set to witness another IPO in 2024, with book building scheduled for May 15-16, 2024. Fast Cables is offering 128mn shares with floor price of…
MSCI is scheduled to release its results of the May 2024 Semi-Annual Index Review today (i.e. May 14, 2024). Announcement is expected to be made available shortly after 11 p.m.…
We have revisited our target PE for Dec 2024 after incorporating Pakistan’s successful completion of US$3bn stand-by agreement with IMF and initiation of talks for a new IMF program, Extended…
International Packaging Films Limited IPO's book-building phase will be held on May 08 and 09, 2024. High-net-worth individuals and institutional investors will subscribe to 70.1 million shares. The book-building phase…
Robust momentum weighting on the IMF program and prospects of investment from friendly countries KSE-100 observed a healthy momentum during Apr'24, which took the index to the highest-ever level of…
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…
