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%…
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…
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…
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…
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…
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…
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…
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…
· 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 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…
