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…
Atlas Battery Ltd. (ATBA) held its analyst briefing today to update investors on their FY23 results and provide insights into the company's future outlook. To note, in FY23, the company…
The Hub Power Company Limited (HUBC) is scheduled to announce its 1QFY24 financial result on Oct 25, 2023, whereby the company is expected to post a profit after tax of…
Pakistan Petroleum Limited (PPL) is scheduled to announce its 1QFY24's financial result on 30th Oct'23, where we anticipate the company's profitability to clock-in at PKR 28,418mn (EPS: PKR 10.44) during…
We update our coverage on the E&P sector and strongly encourage portfolio realignment towards this space from a long-term perspective where valuations remain undemanding. While we are not overlooking the…
According to Spectrum Research, good momentum is maintained at PSX. KSE100 gained over 2,000pts, closing at 49,493 level, mainly underpinned by the PKR appreciation as it gained PKR5/USD and closed…
The index opened positively and remained bullish throughout the last trading session. The local bourse posted a high of 445pts and concluded with a gain of 419pts to settle at…
EPCL is projected to post a consolidated NPAT of PKR2.4bn (EPS: PKR2.75) for 3QCY23, up 60% QoQ and 11% YoY. This will take 9MCY23 consolidated NPAT to PKR5.2bn (EPS: PKR5.57),…
Lotte Chemical Pakistan Limited (LOTCHEM) has released its financial results for the 9MCY23, reporting a profit after tax (PAT) of PKR 4,840mn (EPS: PKR 3.20). This marks a 40% decline…
Attock Petroleum Limited (APL) announced the financial result for 1QFY24, whereby the company posted a profit after tax (PAT) of PKR 5,260mn (EPS: PKR 42.27) against PKR 4,290mn (EPS: PKR…
Intermarket Securities Limited has estimated PSO's 1QFY24 earnings to arrive at PKR17.4bn (EPS: PKR37.12) vs NLAT of PKR4.6bn (LPS: PKR9.85) in 4QFY23. The expected increase in earnings is on the…
The market commenced on a positive note this week, fuelled by the contraction of the trade deficit by 42% YoY to USD 5.3bn in 1QFY24. Moreover, the expectation of robust…
