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…
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 (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…
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…
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…
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…
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…
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…
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…
· 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…
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…
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…
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: We expect SYS to maintain its high earnings trajectory owing to strong growth within almost all geographies, mainly MEA which has recently…
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…
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…
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%…
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…
· 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.…
