PSX observes volatility today.
According to Arif Habib Ltd Sales, the volatility resumed around the key 48k pivot, leaving the potential for 46-47k support to be tested. It adds that OGDC PA (-3.58%), PPL…
EPCL announced a cash dividend of PKR 1.50/share in 2QCY23
Engro Polymer & Chemicals Limited (EPCL) announced its 2QCY23 financial result today, where the company posted a profit after tax (PAT) of PKR 1,562mn (EPS: PKR 1.72), down by 33%…
PSX market review for the week
The bullish momentum gained further exuberance as bulls managed to cross another barrier to surpass 48,000 with minimal resistance from bears. During the week, the index gained >1,500pts compared to…
PSX: Major support continues to build around 46-47k.
· Heavyweights OGDC PA (+6.28), HBL PA +5.74%), ENGRO PA (+2.42%), and MCB PA (+1.55%) lifted Pakistan higher to now approach the weekly draw on liquidity @ 49k without consolidation.…
PSX performances during July 2023
In Jul'23, PSX demonstrated exceptional performance, characterized by various positive developments. At the onset of the month, the government secured a significant Stand-by Arrangement (SBA) facility of USD 3bn from…
More Saudi money along with the Pakistan Mineral Summit, lifted the KSE-100
· Anticipation of more Saudi money and the Pakistan Mineral Summit lifted the KSE-100 further to cross 48k. · Large caps again led the way, with OGDC PA (+7.5%), PPL…
Pakistan Stock Exchange sees robust momentum this week.
The local bourse opened on a negative note on Monday due to profit-taking witnessed by the investors. Moreover, the country report released by the IMF hinted at keeping the monetary…
FFBL’s bottom line expected to settle at PKR 1.23/share in 2QCY23e
Fauji Fertilizer Bin Qasim Limited (FFBL) is scheduled to announce its financial result for 1HCY23 on 21st Jul'23, where we expect the company to post a loss after tax of…
Tariq Glass commissions a New Spectrum Mirror Coating line.
The research house - AHL Research in Pakistan, believes that the topline of Tariq Glass Industries Limited (TGL) will improve from the first quarter of FY25. The company sells glassware,…
KSE100 experienced a sustainable surge this week.
Spectrum Research has issued a review of PSX this week's performance. It says that KSE100 experienced a sustainable surge, gaining nearly 861pts and closing at 45,068. The upswing was fueled…
China to manufacture drugs in Pakistan.
Arif Habib Ltd has said corrections are healthy and part of bull markets. The Pakistan Stock Exchange saw trading on both sides and ended in the red. The dip came…
Pakistan Strategy – Rejoice, for the IMF is finally here!
· Rejoice, for the IMF is finally here! While Pakistan's staff level agreement (SLA) for the SBA caught everyone off-guard, Board approval for the same had widely been expected. ·…
A piece of advice about PSX.
· Pakistan bucked the regional trend across the Asia-Pacific where markets saw sharp losses after minutes from the U.S. Fed revealed that the central bank was split on its decision to…
The market witnessed profit selling today.
· Market witnessed profit selling after displaying the best performance ever in the last 3 trading sessions, pushing the KSE100 index up by +9.5% Investor choose to realize some gains…
Bulls Triumph the show at PSX Today.
· Bulls Triumph the show at PSX Today, The Benchmark KSE-100 Index opened 5% up by 2,231 Points Halting the session as bourse continued to trade above 5% after the…
The determination of the finance minister on the IMF issue is admirable.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Monday that Finance Minister Ishaq Dar prevented the country from becoming bankrupt despite…
TRG Pakistan has launched two new products by name of Airo and Mega.
TRG Pakistan (TRGP) conducted an analyst briefing on 27th June 2023 to apprise on operational performance and future outlook. TRGP, through its associate TRG International (TRGIL), has 17% stake in…
The short week concluded today with a range-bound session at the PSX
· The short week concluded today with a range-bound session at the PSX. The benchmark KSE-100 index opened negative after the SBP raised interest rates by 100bps in a last-ditch…
Today, the Bulls triumphed at the PSX.
· Today, the Bulls triumphed at the PSX. The week began with great hopes at the PSX for the Resumption of the IMF's 9th review of the Extended Fund Facility…
Bears dominated the market the past week and Outlook.
The market experienced subdued activity throughout the week, primarily due to the prevailing uncertainty surrounding the completion of the ninth review of the International Monetary Fund (IMF) program. On the…
Another rangebound session was tapped at the PSX today.
· Another rangebound session was tapped at the PSX today. The benchmark KSE-100 index began the day in the green but the index swung both ways owing to lack of…
The index closed at 40,220.79 down by 432.24pts today at PSX
· The bears prevailed at the PSX today. The benchmark KSE-100 index opened in the green but soon the bears took over as unstable economic situation of the country kept the…
The week began with a negative session at the PSX today.
· The week began with a negative session at the PSX today. Following the news of the Chinese loan rollover, the benchmark KSE-100 index opened in the green. Later in…
PSX past week reviews and outlook for next week
The market commenced negatively this week, reacting to the Federal Budget announcement last Friday. Furthermore, the uncertainty over the expected policy information by SBP also fuelled the dampened sentiment. The…
A range-bound session was recorded at the PSX today
· A range-bound session was recorded at the PSX today. The market opened in the green and strived with optimism over the resumption of the IMF program for the long-due…