Nestlé Pakistan achieved all of its sustainability targets for 2023
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…
A voyage beyond 62,000 points level at PSX
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…
News about Pakistan Cables selling its plots in Karachi triggered share prices.
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…
PSX: Strong Tuesday session now sets up a test of 62K
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’s profit surges 122% to Rs 746 million during H1 FY23-24.
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…
PSX round up: KSE-100 Index dips below 60,000 points
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 surpassed the PKR 100 bn topline mark 2023.
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…
PSX: CY24 elections, unforeseen results loosening the confidence
· 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…
Three stocks, including BAHL, ILP and SNGP, were added to the MSCI FM Standard Pakistan Index.
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…
Post-election uncertainty causing blood path at PSX today
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…
HUBC to distribute a dividend of PKR 5.75/share in 2QFY24
The Hub Power Company Limited (HUBC) is scheduled to announce its 1HFY24 financial result on Feb 14th, 2024, where we expect the company to post consolidated earnings of PKR 34,065mn…
FFC to announce a final cash dividend of PKR 7.00/share in 4QCY23
Fauji Fertilizer Company Limited is expected to unveil its CY23 financial result on 26th Jan'24, where we expect earnings to clock in at PKR 32,439mn (EPS: PKR 25.50), up by…
Engro Fertilizers likely to give significant dividend in 4Q2023
We expect EFERT's consolidated EPS at Rs7.2 in 4Q2023 compared to EPS of Rs4.8 in 4Q2022, up 51% YoY. The YoY jump in earnings is due to higher gross margins…
Image Pakistan sales are up by 60% to Rs1,669 mn in 1HFY24, Also in a drive to expand.
Image Pakistan (IMAGE) announced its 2QFY24 result today, posting consolidated earnings of Rs65mn (EPS of Rs0.49), down 27% YoY and 64% QoQ. This takes 1HFY24 earnings to Rs88mn (EPS of…
PSX GIS Auction set to raise PkR 100bn
The Pakistan Stock Exchange (PSX) will conduct an auction for GoP Ijarah Sukuk (GIS) instruments on January 23, 2024. The targeted amount for the auction is PkR 100bn. The instruments…
The Hub Power Company to acquire additional shares of SECMC.
• The board of directors of The Hub Power Company Limited has granted authorization for the company to engage in discussions and execute definitive agreements regarding the potential acquisition of…
Pakistan’s sugar sector saw record profitability in FY23.
Pakistan listed sugar sector's earnings were up 78% YoY to record high of Rs22bn in FY23 (Oct-2022 to Sep-2023). This increase is attributed to a rise in sugar prices, leading…
PSX is likely to see positive momentum continuous from Monday
AHL Research expects the KSE-100 index to remain positive in the coming week. The Prime Minister has written a letter to roll over a USD 2bn loan to the UAE,…
Lucky Core Venture terminated the SPA (75.01%) of Lotte Chemical
According to a notice at the Pakistan Stock Exchange, Lucky Core Venture (Pvt) Limited (LCV) has decided to terminate the share purchase agreement (SPA) for the acquisition of 1,136mn shares…
PSX awaits positive news from the IMF; if so, a boost is expected on the Friday session.
· 64k recapitalized keeps the tight trading range intact with resistance @ 65.5k · Moves above 65.3k will break last week's high and target 67k · A skewed A/D 72:22…
PSX back on foreign investors’ radar
PSX back on foreign investors' radar: Pakistan's resumption into the IMF program revitalized foreign investor interest. Since the start of the fiscal year, foreign investors have net purchases of USD…
Engro, Efert, and EPCL seem to be heading toward a good yield
We reiterate our 'Buy' stance on Engro Corporation (ENGRO) with a Dec-2024 Target Price (TP) of Rs490/share, offering a potential upside of 63%. Our liking for ENGRO primarily stems from…
Arif Habib Ltd says PSX closing bode well at year-end, pining hope for better performance in CY24.
· Solid close to the year for Pakistan with the KSE-100 above 62k and the KSE-30 above 20.5k. · On the Bloomberg index ranking, Pakistan closes the year at #22 with a…
Refinery, Chemicals and Power Generation were the best-performing sectors in 2023
Benchmark KSE 100 Index jumped 54% in PKR (23% in USD) after many years in 2023, with only one trading session left. Market value (market capitalization) of listed companies at…
HUBC (3.44%) contributed the most to today’s index advance.
Additional gains for Pakistan with another strong session, putting in distance from the key 60k (KSE-100) and 20K (KSE-30) levels. 83 stocks rose while 14 fell. HUBC PA (3.44%) contributed the…