Heavy selling to end the week eroded earlier gains to close flat on the week @ 80,117 17 shares rose while 83 fell SNGP PA (+3.63%), THAL PA (+2.62%) and…
According to IMS Research, the KSE100 index closed 150 points lower yesterday at 79,992 points. Today's key event is the Supreme Court's decision on reserved seats. If the decision goes…
The index opened positively and remained volatile throughout the last trading session. The local bourse posted a high of 525pts, a low of 20pts and concluded with a gain of 353pts…
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…
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…
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…
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…
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 (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…
