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…
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…
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…
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…
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 (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…
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 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 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…
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,…
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…
· 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: 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…
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…
· 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…
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…
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…
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…
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…
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…
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…
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…
• 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…
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…
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…
