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…
Experts expect PSX is likely to take correction and may end on a positive note in CY23.
Next week, the market may see a correction and end the year positively. Furthermore, upcoming elections hold pivotal significance, and their successful conclusion could further elevate investor confidence. We advise…
Pakistan Equities outperformed major asset classes in 2023
After lagging for the last few years, Pakistan Equities outperformed major asset classes in 2023. The benchmark KSE 100 Index provided a gain of 53% (Jan 01, 2023, till Dec…
Investors sighed in relief when PSX recovered in the second half of the day.
According to Arif Habib Ltd Sales, a highly volatile session saw the KSE-100 continue to sell off before recovering in the second half of the day. Intra-day low saw the…
PSX saw a bloodbath today due to margin financing system rates, which reached the 30% mark.
Pakistan's market has recovered sharply in the last few months, with the benchmark KSE-100 up 52% from its level of 41,453 on Jun 27, 2023, and 64% from its recent…
PSX: No need to panic, experts suggest investors
According to a report of Arif Habib Ltd Sales today's bloodbath in the Pakistan Stock Exchange (PSX), when KSE100 lost 2371.64 points (3.77%) in a single day, the research house…
KSE-100 Index has recently formed a Doji candle
• After a brief and historic parabolic move by the benchmark index there is an interesting development worth noting. The KSE-100 Index has recently formed a Doji candle on the weekly…
PSX remained volatile yesterday, currently overbought – a cautious approach is needed.
The index opened positive and remained volatile throughout Dec 13. The local bourse posted a high of 667pts during intraday trading and a low of 1,999pts, concluding with a loss…
PSX: Outlook and recommendation for trading on Monday
We expect the market to retain the positive momentum in the coming week. The monetary policy announcement is scheduled in the upcoming week, where we expect policy rate to remain…
PSX still attractive – Experts
The Executive Board Meeting of IMF is expected to be held in Dec'23, in which approval of 1st review will pave the way for the disbursement of USD 700mn. Moreover,…
PSX index’s upward trajectory is continued due to successful talks with the IMF.
FPCCI's presidential candidate, Atif Ikram Sheikh, said on Sunday that the Pakistan stock market is performing very well, which indicates improved confidence in the economy of the business community. The stock…
PSX saw a boom due to institutional buying in November
According to IMS Research, the KSE100 was red-hot in November, returning 17% (+15% in US$) to close at 60,531pts, easily surpassing the previous high of c 53,000pts set in 2017.…
KSE100 gained 2,023 pts on the news of positive economic developments.
According to Spectrum Research, KSE100 gained 2,023 pts, closing at 59,086 fueled by positive economic developments, including the release of nest IMF's tranche, government transfer of SOE assets to PSWF,…
PAEL management aims to pay off all long-term debt within 3-4 years.
Due to gradual economic recovery and changing dynamics of import business in Pakistan, we have re-evaluated Pak Elektron (PAEL) after our detail discussion with the management. We have revised our…
Biafo Industries Limited (BIFO) exports have doubled in FY23
BIFO held its analyst briefing earlier today to discuss their FY23 financial performance and future outlook. Following are the key highlights of the briefing: To recall, company posted earnings of…
Pakistan Stock Exchange Index likely to reach 75k in 2024 as recovery has just begun
Pakistan's Stock market recovery is likely to continue in the year 2024. Experts expect the benchmark KSE-100 total return index to reach 75k by Dec 2024, a potential upside of…
SCI November 2023 Index Review – No major change for Pakistan
MSCI released an update on its November 2023 Index Review, notifying that there is no change in constituents for Pakistan in the MSCI main Frontier Market Index. However, in the…