Atlas Battery introduced five new batteries
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…
Hub Power Company is likely to give a cash dividend of Rs 6 in 1QFY24
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…
PPL profitability likely to grow by 7% YoY in 1QFY24
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…
A buy call for PPL, OGDC, Mari, and POL at PSX
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…
PSO is exploring a USD10bn partnership with the Bank of China
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…
KSE-100_Bullish sentiment persists
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 to declare an interim cash dividend of PKR2.4/sh in 3QCY23
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 saw its earnings registered a decline of 27% YoY
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’s profit up by 23% YoY in 1QFY24
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…
PSO 1QFY24 results may reflect an increase in earnings on the back of higher inventory gains
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…
PSX’s past performance and expectations for the coming week
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…
PSX Performance during September 2023 – it becomes the world’s best-performing market
The benchmark equity bourse marked a resurgence during the outgoing month of Sep'23. At the onset of the month, the caretaker PM informed that KSA is expected to invest USD…
TRG Pakistan Limited announced its 4QFY23
TRG Pakistan (TRG) announced its 4QFY23 LPS of Rs12.9 as against LPS of Rs6.3 in 3QFY23 which remained in line with expectations. This takes full year FY23 LPS at Rs2.5…
KSE-100 Index Profitability – September 28, 2023
Despite the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting…
OGDC and PPL seek a foreign investor for the Reko Diq project.
According to Arif Habib Ltd Sales, OGDC PA and PPL PA announced that they are seeking a foreign investor for the Reko Diq project. The research house, in a brief…
OGDC posts highest ever profit after tax of PKR 224,619mn in FY23
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a highest ever profit after tax of PKR 224,619mn (EPS: PKR 52.23) during FY23 compared to PKR…
Outlook at PSX, next week
The market sentiment remained predominantly positive this week, bolstered by significant developments on the economic and political front. On the political front, the Election Commission of Pakistan has announced that…
PSX past week and outlook
The outgoing week saw the market awaiting the MPC meeting's decision, wherein expectations ranged from ~0% to 2% hike in the policy rate, and last week's T-Bill auction suggested the…
PKR’s devaluation hit the stock market last week
According to Spectrum Research, the KSE100 index experienced a notable decline of 2,359 points, closing at 45,313 points, primarily attributed to the PKR's devaluation against the USD by 1.5%WoW to…
PSX awaits the upcoming MPC meeting, the next review with the IMF and developments related to energy reforms.
· The KSE100 index faced downward pressure throughout the month of August, witnessing a correction of 3,032 points to conclude at 45,002 points, marking a 6.3%MoM drop. KSE100 daily traded…
System Limited said its active clients have increased to 150 in 1H2023.
Systems Limited (SYS) gross margins clocked in at 27% in 1H2023 vs 32% in 1H2022. The major reasons include (1) inflationary adjustments in salaries, (2) increase in energy prices impacting…
A cash dividend of PKR 4.0/share is expected from KAPCO in 4QFY23.
Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 4QFY23 financial result on Sep 6th 2023. We expect, the company to post a profit after tax of PKR…
Markets expect a cash dividend of PKR 5.50/share from HUBC in 4QFY23.
The Hub Power Company Limited (HUBC) to post a profit after tax of PKR 11.4bn (EPS: PKR 8.80) in 4QFY23 compared to PKR 7.0bn (EPS: PKR 5.41) during 4QFY22. The…
SYS—2QCY23 earnings expected to clock in at PkR11.32/sh
SYS—2QCY23 earnings expected to clock in at PkR11.32/sh: We expect SYS to maintain its high earnings trajectory owing to strong growth within almost all geographies, mainly MEA which has recently…
Increase in petrol and diesel prices by around PKR20/litre hurt the stock market this week.
The KSE100 Index slightly declined by 206pts WoW, closing at 48,218; the market declined as the delay in the formation of a new interim cabinet, a significant depreciation of PKR…