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…
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,…
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…
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.…
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,…
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…
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'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…
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…
· We revisit our investment case on Hub Power Company Ltd (HUBC), which posted an eventful FY23, marked by the announcement of record dividends of PkR30/sh, yielding an average of 34.5%…
The northbound journey remained unabated and added another 737.33 points to the score taking, Kse‐100 index to 53,860.36. We remain positive in the near term until a clear price signal…
On November 3, 2023, the KSE100 index closed at 53,123 and surpassed its previous all-time high of 52,876 points, which was last observed in May'17. This was made possible due…
After 110% dividend in FY 2022-23, Security Papers Limited (SPL) announced its financial results for the first quarter of financial year 2023-24, ending September 30, 2023, recording a 74% growth…
· KSE100 Index closed on a positive note, with the index gaining a cumulative of 1,230pts to end at 51,920pts, a gain of 12.3%MoM. · The KSE-100 is well on…
TGL's earnings for 1QFY24 clocked in at PkR759mn (EPS: PkR4.41/sh), reflecting an increase of 115%YoY (EPS in 1QFY23: PkR2.05/sh). Topline for the company during 1QFY24 stood at PkR6.9bn, registering an…
Pakistan Petroleum Limited (PPL) reported its 1QFY24 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR29.62bn (EPS: PkR10.89) for the quarter, higher by 87%/13% on a…
KAPCO - FY23 Analyst Briefing Takeaway Kot Addu Power Company Limited (KAPCO) conducted its analyst briefing today to present investors with updates on their FY23 results and offer insights into…
Hub Power Company (HUBC) announced its 1QFY24 result wherein company reported profit to equity owners of Rs17bn (EPS of Rs13.17) up 88% YoY while down 29% QoQ. Along with the…
