PSX trading pause extended until 12:25 pm today
This is in furtherance to PSX Notice No.PSX/N-629, dated July 08, 2024, on the subject matter. In this regard, it is now known that the situation is under control, and…
Trading at the PSX was halted today due to a fire.
Rescue officials said a fire that broke out at the Pakistan Stock Exchange (PSX) building in Karachi on Monday has been brought under control. However, trading has been suspended during…
KSE 100 crosses 80,000 level
This week marked the commencement of a new fiscal year, in which the market momentum remained bullish and for the first time closed above the 80,000 points level. On economic…
PSX: Support continues to build around the 80k structurally bullish level.
Support continues to build around the 80k structurally bullish level. 49 shares rose while 44 shares fell, with LUCK PA (+1.42%), FABL PA (+5.11%) and MEBL PA (+0.85%), the biggest…
PSX becomes world best performing market in FY24, +94% YoY USD
Pakistan's stock market surged significantly during FY24, closing at a record high of 78,455 points, up from 41,453 points in FY23. The fiscal year began with the government securing a…
TRG Pakistan (TRG): 9MFY24 corporate briefing key takeaways
TRG Pakistan (TRGP) through its associate company TRG International (TRGI) holds a stake in three assets; Afiniti, Ibex, and liquid assets (Greentree Holdings). TRGP through TRGI holds 17% and 30%…
CDC announces further Tariff Reductions to facilitate Capital Market Investors
The Central Depository Company of Pakistan Limited (CDC) has completely eliminated Annual Maintenance Fee for the Sub-Account Holders and announced a full waiver of the CDS connection fee and minimum…
PSX celebrates Budget FY25
Despite a 150bps rate cut in the policy rate announced at the beginning of the week, the market remained jittery due to concerns over a significant increase in taxes on…
Pakistan Budget FY25 – Experts believe stock market measures are positive for market.
Contrary to expectations of change in the treatment of income from capital gain and dividends to normal tax, affecting net returns of the investors, we believe the budget FY25 is…
PSX has lost 2.3% or 1764 points on fears of capital gain and dividend tax changes in the federal budget
Pakistan's stock market has lost 2.3% or 1764 points in the last seven sessions amidst fear of increased Capital Gain Tax (CGT) or dividend tax. Further, there is a rumour…
A review of meritorious PSX performance amid May 2024
During May-24: KSE-100 index gains 6.7% MoM Index crossed 75k level, surging by 4,776 points MoM KSE 100 witnessed a robust momentum throughout May’24, reaching an all-time high of 75,983…
LTG buy-back shares from LCI and TGL
The Board of Directors of Lucky TG Limited (LTG) has approved the buyback of shares from its holding companies, Lucky Core Industries Limited (51% ownership) and Tariq Glass Industries Limited…
PAEL targets a significant expansion in the export market, aiming for US$50m.
The second session was of Topline Pakistan Mid Cap Call Conference 2024 – Day 3 on Pak Elektron (PAEL) held on May 23, where the key speaker was Mr. Syed…
KSE 100 Index: Declines below 74k can trigger a –5 % drawdown in the index
· Additional consolidation around the 75k and 24k levels for the KSE-100 and KSE-30, respectively · 34 shares rose while 63 fell, with SYS PA (+3.34%), FFC PA (+0.82%), and PKGP PA…
Secure Logistics plans to enhance storage capacity and optimise logistics efficiency.
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 capacity was enhanced to 1,200mn cans/p.a. in Jan’24
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…
Mixed forecast for PSX from AHL
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…
SEARL plans to carve out Searle Pakistan
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…
MSCI May’24 Index Review: Pakistan weight at 3.7%
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…
PSX is set to witness Fast Cables IPO
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 Semi-Annual Index Review: Pakistan’s weight is expected to increase
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.…
Pakistan Stock Exchange Index likely to reach 87k by Dec 2024, 106k by Jun 2025
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…
IPAK Book Building starts today (8th May)
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…
A review of PSX performance during April 2024
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…
KSE-100 reaches an all-time high of 70,910 points
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…